Admin

What a market!

By
Real Estate Broker/Owner with RLM Properties Inc
As we see the holidays come around many people are questioning what will happen to the market. If I were to tell you 18 months ago that your property would be worth 10 - 20% less next year you would think I was off my medication.Now we see prices reducing and property sitting on the market. The sooner properties reduce to an adjusted price, the sooner sales will pick up. Taxes and insurance are a big issue on the Treasure coast and south Florida. I believe we have at leat another 10% drop in prices coming, but we will see.
Show All Comments Sort:
Sue Melhorn
The Bean Group - Dover, NH
Licensed in NH, ME and FL!

I have clients wondering what the spring will bring as well.  In fact one client took her home off the market and we got 4 calls and 2 offers after we took it off.  Were working with one now for an early 2007 close for this very reason!!

Nov 15, 2006 11:04 PM
Stefan Scholl
Buyer's Broker of Northern Michigan, LLC - Petoskey, MI
Northern Michigan Real Estate
A buddy of mine is paying $7,000/year for insurance on a $500,000 home in Jupiter.  He was hit by two hurricanes in '04, I believe.  I just had another friend move from Michigan to Florida to sell insurance!  It certainly seems to be an issue in FL right now.   
Nov 15, 2006 11:31 PM
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Welcome back to ActiveRain!

    Much has changed since your last visit to ActiveRain.  I encourage you to take another look at the website. 

    Surf some blogs, leave some comments.  Better yet, post a Blog.

    Best to you!

Aug 28, 2015 01:08 PM