I know I have said this before, but if you are really interested in buying a home in Florida, this might be the best chance you will ever get! Interest rates are at 5% and below with good credit. Home prices are back to 2002/2003 and sometimes a heck of a lot lower. I don't know anywhere else in Florida where you can buy a home for under $200k that is 2o minutes or less to the beach.
Currently our inventory is down from a high over over 7,000 single family homes to 6,000 single family homes. This means that homes are moving again and once the inventory is down to 3,000 homes or so, you can expect the prices to start back on the rise.
Here are the facts:
- Brevard County is the least expensive waterfront community in Florida.
- Beachside homes can be bought for under $200k and you can walk to the ocean!
- In Palm Bay you can find homes built around 2005 with 1800 sq. ft. and sometimes more for around $120k and less!
- There are 77 million baby boomers retiring over the next 10 years....we know some are coming here and the prices are going to rise.
- Some experts have said that they expect our homes to be back to 2004 levels by 2012.
- Are you looking for an investment? We have many areas of Brevard County that offer a great opportunities to buy, rent and hold for a few years while the market comes back. And they cash flow!
I really can't think of a better time for you to buy your new home, vacation home, retirement home or to get into investing. You can listen to the media and miss out on a great opportunity, or you can look at the facts and realize this isn't going to last very long and prices are bound to go up!
As always, if you have any questions, don't hesitate to ask. We are always here to help. If you have been thinking about getting a great deal with a foreclosure, follow this link and we will send you a list of foreclosures and send you all new foreclosures that come on the market. Go to:
http://melbournehomesearch.com/index.cfm/Foreclosure_List
Have a great night and we will see you on the beach!
Mitch