Brevard County Real Estate Investments and more...

Hi Everyone!

Well it was a tough week on Wall Street. For those of you who have most of your investments in stocks, you lost a large percentage of your portfolio. I'm not an expert in stocks by any means, but I would imagine, if the companies you are invested in are solid, then you should just hold on to your stocks and wait for them to come back. Unlike 2000 when the stock market crashed with the Internet Bubble Burst (I was a victim both in my stock portfolio and in my Internet company) the stock market is still built on a lot of solid companies. In fact, it would make sense that after a week like last week, this might be a good time to buy up stocks. You know when a stock like GM is down to the lowest it has been since 1949, then it probably is a safe buy. However, like I said, I'm not an expert in stocks by any means so don't take my advice unless you talk to a professional.

What I am though, is a professional in the Real Estate field. If you are or have taken your money out of the stock market, this is a great time to invest in Real Estate. As you probably know, the Real Estate Market has crashed for almost 3 years now. Home prices are back to 2002 and 2003 pricing which was right at the beginning of the boom. You can now buy a home and actually have a positive cash flow for your rental in most cases. Finally, the people who are either not taking advantage of this market or have lost their homes to short sales or foreclosures still need a place to live...therefore, the rental market is pretty good. Of course it is still price driven and many people, including myself, are upside down in our investments and must try to get a higher rent.

So what does this mean to you? It depends on your goals. If you have thought about investing in Real Estate, this is probably a great time to do so. Currently you can buy new construction homes for as low as $120k (1200 sq. ft.) on a lot. We haven't seen that for quite some time. You can also buy homes that are just a couple of years old and up to 2000 sq. f. for the same price. It certainly is a great time to buy. The only problem that may arise for you is the financing. Currently the loan market is totally credit driven. This means the better your credit, the better your interest rate.

If you are buying a primary home, then this might be the chance of your lifetime to grab a piece of paradise at an awesome price. The way things were going there up until 2005, I didn't think my children would ever be able to buy a home in their lifetime. However, like always, the market corrected itself and home prices are now affordable again! I don't know that I would wait to long to buy a home as prices and interest rates are bound to rise again at some point. After all, Brevard County is the least expensive Waterfront Community in Florida. Over the next 10 year period, pending they can sell their homes, the 77 Million Baby Boomers will be heading for retirement. Florida will always remain one of the top destinations for retirees. With Brevard County being so affordable, you can be sure that this market will increase in value once things normalize! Of course I have no crystal ball to tell you when that will be, but it seems to me that prices can't go much lower making Brevard County's losses, your opportunities!

If you would like to search for a home or investments in Brevard County, just go to:

http://www.melbournehomesearch.com/index.cfm/Search_MLS

Here you will have access to every listing in Brevard County Florida. Whether you are looking for a tropical home, a waterfront home or a condo, you can find it all right here.

As aways, I look forward to helping you. Have a fun Sunday!

Mitch