The United States Census Bureau has reported that the United States is currently experiencing the highest vacancy rates on homes in over 50 years. 

Over 2 million homes were sitting empty in the first quarter of 2008, as reported on Interest.com. That's almost 3% of all homes in the United States. Many of these homes are properties that are short sales; the owners have made an arrangement with their lender to sell them for less than the mortgage balance. Other vacant properties are sometimes bank foreclosures.

These empty homes are providing attractive buying opportunities for buyers.  Some are being negotiated with favorable financing and lower prices.  Many banks are getting more and more of these properties on a monthly basis, thus it behooves them to be negotiable. Unfortunately, not every bank is agreeable to favorable terms.

Here in Brevard County Florida homes being offered by individual owners can sometimes be favorably negotiated, depending on when the owner purchased the home and the owner's current mortgage balance.  Homes purchased 5 or more years ago, here in Brevard County can often be purchased for competitive prices.  A vacant house can often times signify a highly motivated owner. However, if owners are still holding out for 2005 prices, they may eventually be just another short sale or foreclosure statistic. As, those prices are a thing of the past.

So, if you're thinking of buying a Brevard County Florida Home, keep your eyes and ears open.  The deals are out there.  Educate yourself to the market and get your financing in order.  So you are ready to proceed ahead when you find the "right home".

Visit my website at www.SandyShoresMelbourne.com and go to the search the MLS page.  Look for Brevard County Homes for sale.