With the lowest prices seen in years, rock bottom interest rates and federal tax breaks, Florida Keys property sales for January and February are running 40% ahead of last year and March is looking positive as well.. There are 16 percent fewer homes for sale and 60% more pending sales compared to last year.
Things to consider!
Interest rates may not be this low much longer as the Treasury's subsidy is set to expire at the end of March. Rates may head up from there.
It is a buyers market but buyers need to be realistic in their price expectations. There are many sellers who are not desperate to sell (not a short sale or forclosuer) and still want a fair value for there home.
If you are one of the buyers with either cash or who is preapproved for a loan, that can go a long way in negotiations and help get the best deal possible. Just be prepared for when the right home comes along, to move on it as the competition amongst the good deals is becoming fierce.
Rob Skeel , Realtor- e-Pro - Cell --305-393-6300
Email--rob@robskeel.com
Century 21 Keysearch Realty--877-660-4637
Web Site-- www.RobSkeel.com
Green Certified Real Estate Professional, FHA Certified, SFR
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