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There's a lot of talk going on about the market in Southwest
Florida. Has it tanked? Will prices continue to fall? I don't care how
much experience one has in this market, there's no way to know for
sure. What we do know for sure is that sales have slowed down
considerably over the past two years. However, three years ago the market
went nuts. Prices rose dramatically and there was a rush to buy.
Investors flooded the market hoping to buy on the rise and sell before
the prices stopped going up. Some were successful and made a nice
profit - others were not so lucky. As a result, the inventory is now
very high. It is indeed a buyers market. However, we are experiencing
buyers who are afraid to pull the trigger, thinking things might get
even better. Will they? Maybe yes, maybe no. In many areas prices are
holding steady and there are buyers who are paying the price to get the
location they want. Sales are all over the board.
The weather is beautiful and
it's a wonderful place to be. Prices are low, interest rates are low, will buyers come back? Of course they will, and they should - now. If they are in the market, it's a great time. There's lots of
choose from and there are motivated sellers. This isn't going to last
forever. Once the investors who have to get out unload their
properties, the inventory will get back to normal and prices will
stabilize. Right now you have more to choose from and you can make an offer - make an offer. If the seller is motivated, you'll get what you want for your price. Contrary to what you read, not every area is in trouble and not every seller has to sell. It's like anything else - you get what you pay for - but right now, you get a lot for your money!
IF YOU WOULD LIKE TO SEE THE MOST RECENT SALES IN A PARTICULAR NEIGHBORHOOD,
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AND I WILL BE HAPPY TO FORWARD YOU THAT INFORMATION.
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