Saturday, January 1, 2011

The Bottom of the South Florida Real Estate market “Are We There Yet”

South Florida real estate market

With the New Year brings new opportunity and more profitable South Florida investment deals here at Would you like to know how Investors impacted the South Florida real estate market in 2010? Sure you would, after all 2010 was the ultimate buyers market and the even better that Real estate analysis speculate that we will continue to graze the bottom of market until sometime on 2012. As an investor or aspiring side liner, this should be music to your ears. Investors subscribed to our exclusive email deal alerts have taken full advantage of the market and made big moves in 2010 buying, renovating, reselling or renting our exclusive deals for profit. If your were not one of them. I want to you to know that its not to late to play your card in 2011.

For all that still believe that now is not the time to buy, don't believe the hype! fact is, that more South Florida homes were brought in 2010 than in the 2006 peak of the market. Of course, they we mostly highly discounted foreclosures, Short sales and distressed properties that we sold by owners at a lost. This finding can be supported by the influx of national buyers that have entered the South Florida market gobbling up deals like there is no tomorrow. Yea, that's right, locals aren’t the only ones securing there piece of the pie. Foreign investors reigned heavy and contributed to a significant amount of cash sales in 2010. Now, when I say “Investor sales” we are speaking of sales that closed using “All Cash” with no financing terms. As a wholesale property provider 100% of our sales are brought using all cash or hard money. We will assume that if one is buying using all cash that 90% of the time this means they are purchasing as an investment of some form. Cash sales accounted for approx 40% of real estate sales in South Florida, between Miami - Dade, Broward and Palm Beach county.

Its also my belief that the South Florida Market is settling toward the bottom of our market. Don’t make the mistake of procrastinating, or trying to predict when prices will start to increase. Get in now while prices are low, get you feet wet, and secure a great investment today. Truth is that according to the 2010 census report Miami population grew by 11% over the last 10 years. This tells me that no recession will keep folks away from the South Florida's tropical weather, sandy beaches, and attractive retirement destination. Prices will start to go up again, and when it does, it will be as sudden and as unforeseen as the decline in 2007. Don't get left behind in 2011, Click here to join our exclusive buyers list Today!!