I  know what you are hearing on TV, reading in the papers, hearing at Starbucks—but believe it or not, this is a great time to purchase a property in  Fort Lauderdale.  Why?  We are in the best buyers market that we have had for a very long time.  Mortgage rates are still very low, and yes, buying guidelines are a bit more stringent, but there is still plenty of money out there.  There are lots of very nice, upgraded single family homes and condo, which would do well as both  investment properties and home ownership.     time.   We all know that markets go up and go down , so if you are buying in this market, you will need to be ready to hold onto the property for some time.  We are reverting back to times when market value did not go up but maybe 1-2% per year and that was not always the case.  The personal home was not the savings account,  Both motvated sellers and buyers will benefit from this market.   The sellers who need to sell will typically not walk away with the dollars they would have had by selling in 2005, but many will still make considerable profits.  Buyers who are purchasing now will realize a great deal.

 Scott English ,Realtor     954-675-0800

Balistreri Realty

This entry was posted on Sunday, November 18th, 2007 at 5:00 am and is filed under Fort Lauderdale Real Estate. 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.