Frequently Asked Questions
Florida Real Estate market and our prediction.
The market in general has been slow and will continue to be slow for the next 12 to 18 month. More inventory of new homes and condos will ad to the already overbuilt market . Prices will fall during 2008 and 2009. With an increase in foreclosures supply will grow even more.
The market will stabalize in 2010. We could see more demand and increase of sales in 2011 and thereafter. Due to the weak Dollar and the price reduction in Real Estate, foreigen Investors will pick up bargains in this market. There are going to be great opportunities .
However, annual percentage gains on properties like we have seen in 2002 to 2005 will be far away. Single digit % increase in property value will be more likely in the future.
Investments in Real Estate is a business like any other , which needs experience and knowledge . The most important thing is to buy right and at the right time. Do you know the right time and value ?
After 20 Years in the Florida Real Estate business and closing hundreds of properties , developing homes, land and financing projects, we have the experience for this ever changing market.
October 2008 / more updates will follow.
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