Has the Florida Real Estate Market Bottomed?

Real Estate Agent with Charles Rutenberg Realty

That is the number one question I am asked every day. My answer is.... 
YES it has! For the Individual Buyers picking up Great Deals in Florida.

There are many homes and condos that are listed for less than appraisal value.

The last 18 months have been difficult for sellers. Many purchased a secondary
residence for vacation and rental income. With the overabundance of foreclosures
and short sales ... it is a Buyers Holiday. I consult with every potential buyer about
the situation. I always ask...How many properties do you intend to buy. 98% of
the time they say....ONLY ONE. After getting their full criteria and price point, I
run a full search. I analyse the property appraisers records. I determine how
many days the properties have been on the market...etc. I then email my clients
all the necessary information to make an informed decision...before they arrive.

Asking Price $475,000 Sold Price $325,000 is an example of what the current
market contains...If and only IF...the Realtor does the hard homework.

There is a lot of interest in pre foreclosures and short sales. They can take
many months to determine...even if an offer is acceptable. If you desire
informational news and videos on FORECLOSURES...GO TO THIS WEB SITE

Comments (5)

John Novak
Keller Williams Realty The Marketplace - Las Vegas, NV
Henderson, Las Vegas and Summerlin Real Estate

Welcome to ActiveRain, Michael! Great to hear some positive news from Florida. Hopefully that will spread to the southwestern US as well.

Jun 21, 2008 02:52 PM
Keith Elliott Jr
KEIRE Realty Group - Manassas, VA
Principal Broker/Owner

Hello Michael,

Welcome to Active Rain and congrats on your first post! The opportunities to learn and network are incredible here. Best of luck to ya!


Jun 21, 2008 04:41 PM
Ted Mackel
Keller Williams Realty Simi Valley - Simi Valley, CA
Simi Valley Real Estate Agent

Welcome to ActiveRain. Congratulations on your first post. Get around and check out the community, you'll quickly figure out how to supercharge your blogging skills.

Jun 21, 2008 06:42 PM
Connie Rice
Keller Williams Greenville Central - Simpsonville, SC
Connie Rice & Partners - Greenville, SC Real Estat

Welocme to Active Rain. This is a great site with a wealth of knowledge available. Hope to see you around! Happy blogging~

Jun 22, 2008 08:16 AM