Buy While Real Estate Prices Are Low!!!!!
We are all familiar with the old saying on Wall Street, buy low and sell high and know this does not only apply to stocks and bonds but to the purchase and sale of real estate as well!! As the United States goes through one of the greatest market adjustments of all time, starting with real estate, there are amazing opportunities available for anyone in a strong cash position who has the vision to attaining great wealth in the future. While some states have seen modest adjustments to residential and commercial real estate over the past year, others like California, Nevada, Arizona and New York have seen huge declines in the value of their properties. The state with arguably the largest correction in real estate values is FLORIDA.
Over the past 40 years no state has seen the population relocation and real estate boom that we have here in Florida. According to the U.S. Census Bureau, through 2006 Florida alone has accounted for approximately 11% of all the building permits issued in the United States. That represents approximately 1 in 10 of all this nation’s building permits issued! Why? To enjoy being near Florida’s beautiful beaches, waterways, beautiful resorts and golf courses, recreational boating, snorkeling, deep sea fishing and year around sunshine.
As the population, due to retirement, career changes or lifestyle changes moves to Florida, the demand for property will continue to increase. Over the past fifteen years many buyers in our market purchased at a time when values were increasing at a double digit rate each year. Those buyers are now in the market to sell!!! Now is the time for prudent investors to be looking to purchase properties and here are the reasons why:
- The property values are low and deals are available
- Florida real estate will be in demand as long as people want to live near a beach, the water and have year around sunshine
- There is only so much real estate that will come available each year
- Many people are in situations where they can no longer afford their properties and must sell
- With new construction slowing down and inventory of existing homes increasing it is a buyer’s market, but for only for a short period of time
- When our economy turns around, AND IT WILL, today’s prices and availability will make these values seem like the bargain of the century
- As history has shown us time and time again, there is a window of opportunity and it closes faster than we realize, be a part of that opportunity and don’t be the one looking back wishing you had taken action at the time
In conclusion, in our professional opinion the next twelve months is the time to be investing into the Florida real estate market. Vast fortunes are to be made by those who have the vision to put their money to work. Let Double D’s of ECFLA, LLC be the company to help you achieve your goals and financial independence.
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