Looking back over the last few months and reviewing my February blog, I'm somewhat gratified to say"I told you so". Back then most agents were touting a quick turn around in the local market. Mostly wishful thinking. I said back then that we were in for a long hard turn around.
Since my last blog we've experienced a major credit crunch. Home prices continue to fall and the daily press is full of doom and gloom. Have I changed my position? No, not really but being something of a contrarian I do think it's an even better time to invest in southwest Florida Real Estate. The fact of the matter is that many people who were previously potential buyers are presently viewing their future as renters. What this means is that if you have the courage and fortitude to invest in investment rental income property you could reap huge benefits down the road. As always, you'll make your money when you buy the property, so it pays to have an agent who is intimately familiar with the local market and it's nuances. I see potential in commercial property as well. Many developers are selling off inventory merely trying to stay afloat.
And as always, this is a great time to buy your dream home at prices you thought you'd never see again.
See you in a couple of months!
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