Florida Real Estate, Now is the Best Time to Buy
August 10th, 2008 Categories: Apollo Beach, Bloomingdale, Brandon, FishHawk, Riverhills
Here’s Six Excellent Reasons Why….
1. It’s a Buyer’s Market- What exactly does a Buyer’s Market mean? A Buyer’s Market is a real estate market which has more sellers than buyers. Lower prices result from this excess of supply over demand, also called a soft market. Additionally, buyers have a much easier time negotiating concessions such as who pays what closing costs or the cost of new carpet and whether those gold brocade drapes stay behind.
2. The huge inventory of homes for sale gives the buyer a fantastic selection to choose from. The number of homes and land for sale in the Tampa Bay Area is greater now than it has been in the last 15 years.
3. Real estate still continues to be a great financial investment. The average return on a five percent down payment over 10 years is usually three to five times greater than stock market returns.
4. Mortgage rates are at or near all-time lows. Capturing these low rates now means you will be locking in your monthly payments at lower more affordable amounts.
5. Recently, Florida voters approved Amendment 1, which allows Florida Homeowners to transfer their “Save Our Homes” tax benefit from their old home to a newly purchased home. Upsizing or downsizing, this is the best time to buy.
6. The current favorable market conditions won’t last much longer. Research shows that price declines are beginning to stabilize and price declines are over.
Why wait any longer?
Contact us today!
813-653-1241
