Florida Market Watch 2007

Our View;

"Now is the time to buy" The Florida market has most definitely turned the corner, prices have steadied, most builders have off loaded the spec homes they had built during the boom and all of the cheap homes have gone. Many American investors have swooped in and snapped up the distressed sales and foreclosures and have put these homes out to long term rental in readiness to sell at the next market high.

University of Florida study says, "Buy Now."

Building Plots - Vacant Lots;

There are some fantastic deals to be had on plots that are already improved (roads and services in) this is an option for serious investors who wish to sit on the land and wait or build to live in or sell.

Buyers;

Serious buyers who are considering buying should now act quickly before the lower priced inventory disappears. Buyers should evaluate their reason for buying, if it is for Short Term rental then there is still quality inventory available, if it not for short term rental then buyers need to look into other areas where use (zoning) is restricted to long term rental or residential. In these areas appreciation is still in double figures with higher end properties showing 30% + over the last 2 years.

Orlando continues to boom, over 1200 people moving into the area every week, more high-tech businesses and research institutes are moving into Central Florida, massive spending on roads and other transport infrastructure to cope with the expansion that is projected over the next decade. With all of this property prices are set to soar through 2010.

6 year appreciation; The property price Statewide average has topped 100% over the last 6 years and is continuing to grow, An average home will now cost around $240,000 as opposed to around $110,000 in 2000.

Buyer Beware;

It is well worth noting that some realtors will only show you the houses or builders models where they will make the most money, this is fact. We regularly have realtors telling us that they will not show or sell some of our properties because our commissions are too low, they are not acting in the best interests of the buyer or the seller. Pilgrim will help you buy any new or resale property irrespective of how much money we make from the sale.

Sellers;

If you want or need to sell quickly your property must be "Priced to sell" it must be the cheapest on the street, not the average and remember that no value is attached to furnishings. Any buyer who wants to test the market or is "Half hearted" about selling and wants a price higher than anyone else is wasting everyone's time and may never get an offer unless they have an exceptional property in a one off location. Our advice is if you don't have to sell at the moment, sit back and watch prices rise.

If you do need to sell then you need to have a pro-active real estate company working for you like Pilgrim who can market your property World wide, we will not just put up a sign and then sit back to wait for other real estate agents to bring a client along.

Please be aware of the sharp practices that take place to gain listings. Owners will receive cards in the mail informing them what has sold in their area, many of the cards imply that the sender has sold these properties, this is rarely the case. It is also rare that these mail shots are completely factual as they often contain inflated prices, selective sales and old sales information and are therefore misleading. This selective information is to tempt you sell you house (perhaps when you don't even want to) and to use the services of the sender who is a complete stranger to you.

Don't get caught out!

Whatever you are looking to do please talk to the experts at Pilgrim for an honest, current and informed opinion without the sales "Patter" - we can help you make better decisions and we know where the best deals are.

	Market Watch Florida Watch Articles Currency Exchange New Homes Bridgeford Crossing Davenport townhomes Kissimmee townhomes New Detached Villas New Town Homes Poinciana Town Homes Regent Park Reunion Ridge Landing Air Park Sugarloaf Mountain The Blue Rose The Cliffs The Shire Westhaven WaterSong plus many more Resale Homes Florida resale homes villas & apartments UK Pound hits $2! Fantastic rates on Foreign Exchange Florida Homes Enquiry Form Florida Land For Sale 1 - 6 Acres	Florida Market Watch 2007 Our View; "Now is the time to buy" The Florida market has most definitely turned the corner, prices have steadied, most builders have off loaded the spec homes they had built during the boom and all of the cheap homes have gone. Many American investors have swooped in and snapped up the distressed sales and foreclosures and have put these homes out to long term rental in readiness to sell at the next market high. University of Florida study says, "Buy Now." Building Plots - Vacant Lots; There are some fantastic deals to be had on plots that are already improved (roads and services in) this is an option for serious investors who wish to sit on the land and wait or build to live in or sell. Buyers; Serious buyers who are considering buying should now act quickly before the lower priced inventory disappears. Buyers should evaluate their reason for buying, if it is for Short Term rental then there is still quality inventory available, if it not for short term rental then buyers need to look into other areas where use (zoning) is restricted to long term rental or residential. In these areas appreciation is still in double figures with higher end properties showing 30% + over the last 2 years. Orlando continues to boom, over 1200 people moving into the area every week, more high-tech businesses and research institutes are moving into Central Florida, massive spending on roads and other transport infrastructure to cope with the expansion that is projected over the next decade. With all of this property prices are set to soar through 2010. 6 year appreciation; The property price Statewide average has topped 100% over the last 6 years and is continuing to grow, An average home will now cost around $240,000 as opposed to around $110,000 in 2000. Buyer Beware; It is well worth noting that some realtors will only show you the houses or builders models where they will make the most money, this is fact. We regularly have realtors telling us that they will not show or sell some of our properties because our commissions are too low, they are not acting in the best interests of the buyer or the seller. Pilgrim will help you buy any new or resale property irrespective of how much money we make from the sale. Sellers; If you want or need to sell quickly your property must be "Priced to sell" it must be the cheapest on the street, not the average and remember that no value is attached to furnishings. Any buyer who wants to test the market or is "Half hearted" about selling and wants a price higher than anyone else is wasting everyone's time and may never get an offer unless they have an exceptional property in a one off location. Our advice is if you don't have to sell at the moment, sit back and watch prices rise. If you do need to sell then you need to have a pro-active real estate company working for you like Pilgrim who can market your property World wide, we will not just put up a sign and then sit back to wait for other real estate agents to bring a client along. Please be aware of the sharp practices that take place to gain listings. Owners will receive cards in the mail informing them what has sold in their area, many of the cards imply that the sender has sold these properties, this is rarely the case. It is also rare that these mail shots are completely factual as they often contain inflated prices, selective sales and old sales information and are therefore misleading. This selective information is to tempt you sell you house (perhaps when you don't even want to) and to use the services of the sender who is a complete stranger to you. Don't get caught out! Whatever you are looking to do please talk to the experts at Pilgrim for an honest, current and informed opinion without the sales "Patter" - we can help you make better decisions and we know where the best deals are.
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