The Time to Buy is NOW!!
A new word for Recession. Our Florida Real Estate market is working it's way through this economic hardship. Whether it was inevitable or brought on and worsened by the Media, the fact of the matter is that a correction was needed. In many areas of our country, the prices of real estate went too high too fast. For the Sellers in today's market this is gonna hurt, but for the Buyers there is an abundance of opportunities.
But most of the Buyers are looking in the wrong places for this "Great Deal" that they want to make. They are taking the hard road searching through the short sales and the foreclosures looking for the best deal they can find.
The majority of these Buyers will find out in the end that all their time and effort yielded them nothing or no real gain, and maybe settled for a house that they didn't really want. Most of them won't be able to finalize a closing on these properties as most of their offers will be rejected. In the long run they will only have watched the prices and interest rates climb higher during the time that they wasted, and the home that they could have purchased will soon be priced out of their budget.
The fact of the matter is that our MLS is full of Listed Properties that are below market value with Sellers that are willing to negotiate lower than their list price. The smarter Buyers will come to realize this and be able to pick out the house that they really want and can negotiate their best deal.
This is a Great Time to Buy Florida Real Estate!