The upcoming future the deals are going to be with new construction especially with small or over extended builders. I am seeing a trend in Jacksonville, Florida Real Estate of builders being forced to move new inventory by their lenders. Many properties are going to be heading to bankruptcy or changing ownership and their lenders are wanting to reduce their risk and making huge discounts to make their loses smaller. The greatest discounts seem to be in the condo arena. The projects have a shortage established by the developer that will usually cover the association fee until the problem is resolved. If you purchase in a PUD the developer will have building standards that will require the new builder to build at the same design and building standards as the previous. So if you can wait you will find a lot of equity in New Construction. If you would like to see some properties in Jacksonville or St. Augustine that are in these situations please contact me.
David Cool, REALTOR & Mortgage Brokers
INI Realty Investments, Inc
904 338 4601
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