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Do You Think This Is The Best Time For Good Deals In Real Estate From Aventura Florida To South Beach?

If not now when?  Prices are at a 7 (seven) year low and  have been edging up since May of 2008.  Bidding wars are back on good deals and every Realtor in town is eyeing these deals for their customer.  The race to win the bid on a chosen house or condo reminds me of the boom which we had  in the years of 2000-2005.  Gradually the sales of this past year have worked off  the inventory of available homes.

What is effecting the market?

Interest rates at a record low, which I have not seen since the 1960’s

$8,000 tax credit to first time buyers

Sellers are getting more leverage as the market is tightening  and buyers are losing the ability to call the shots.

Just as an example, I received a call from a prospective investor wanting a specific building in Aventura, Florida, one month ago I could have found several good deals in the building,  however as of today not one was available. 

Of course those who have the ability to buy with cash vs. mortgage are king.

Should you be ready to get off the side line and stop the waiting game you will definatly not be one from whom I will be hearing this…. I COULD HAVE AND I SHOULD HAVE…WHY DIDN’T I.   Both Marci and I will be happy to assist in your search call or email us.

This entry was posted on Sunday, July 19th, 2009 at 1:04 pm and is filed under Market Trends. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

1. Adriana said at July 20th, 2009 at 11:19 am

   Great input Tammy. It is very useful to receive information from highly informed realtors.

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