Real Estate Investing In Florida Today

Real Estate Investing In Florida Today
06-16-08

The real estate boom that hit Florida at the end of the 90s is definitely gone. There are hundreds of subdivisions in Florida with brand new homes that have never been occupied. These homes were built by investors who hoped to flip them when construction was completed, but they never got the opportunity because the market ran out of buyers. Now these houses sit vacant.

What does that mean for you as an investor today?

Well, if you are thinking about retiring to Florida at some point in the future, you should seriously consider buying that property now. Until it is time for you to retire, you can use it as a vacation home or a possible rental property, but this is an excellent time to take advantage of rock-bottom prices in the Florida market.

Next to California, Florida is second in the nation when it comes to foreclosures. This means that you'll have a lot of properties to choose from when you go to buy your home. In this distressed market, you can find condominiums as well as single family homes for a fraction of what they were listed at a few years ago. If you find a foreclosure, you can expect to knock off at least 20 percent from the listed price. The bottom line is that there are simply far many more sellers than buyers in Florida at this time, which makes it the perfect opportunity for anyone ready to invest their money in real estate.

Another reason to invest in Florida real estate today is the low mortgage interest rates. Rates are lower than they have been in 40 years. The Federal Reserve has dropped interest rates repeatedly over the past several months in an effort to stimulate the economy, and we can reasonably expect rates to stay around the same level in the near future.

Florida real estate used to be very inexpensive compared to the rest of the nation, but it began to boom in the late 1980s and prices took off. Today, it is back to being very affordable, especially when compared with other states, such as California. Although California is also very sunny and suitable to retirement in many ways, it is a very costly state in which to live. Florida is a much better choice for most people.

Investing in Florida real estate today is the smartest move you will ever make - especially if you are planning to retire in the Sunshine State. Whether you are looking for beachfront property or inland property, you can find it in Florida. Take advantage of the low interest rates and purchase that Florida home today!

Mark E. Moebius
Miljonair Homes
Custom home builder St. Louis
3451 St. Albans Rd.
St. Albans, MO 63073
636.300.9000