The Veritas Real Estate Group, Inc.

March 18th, 2009 1:13 PM
I am going to take a break from all the charts, although I think they are very effective in depicting our current market. And even though one picture is worth 1,000 words, today I will just talk about the situation here. As the graphs clearly show, our inventory of homes that are on the market has decreased from last year's peaks. This is good for everyone because it makes for a healthier market. It gives the seller confidence that their home will sell if it is priced attractively and there are still plenty of properties available so that the buyer has a wide choice of possibilities. In fact, many investors are buying two properties for the price of one. Rents are still high and with the depressed sales prices, it is much easier to have positive cash flow on rental properties. Be careful. though, if you are purchasing a property with a maintenance fee. If condos are abandoned with no one paying the maintenance on them, the condo association will most likely be forced to raise the maintenance fees to cover the costs of supporting the common areas. If they don't do this, then eventually there will be no money for repairs. Walk around the complex and make sure it is well maintained before you buy.

Posted by Pat O'Connor on March 18th, 2009 1:13 PM

Recent Posts:

Archive:

My Favorite Blogs:

Sites That Link to This Blog:
1287 University Drive Coral Springs, FL 33071
Phone:

Staff Profiles | Contact Us | Dream Home | Real Estate Classes | Real Estate | For Sale By Owner | More Information | Community Links | Shopping Cart | Videos | Bargains | Florida Mortgage Classes | NMLS Registration Process | MLO state reqs | RE Schedule | Online RE Classes | Get Pre-qualified | List Your Home | Home | My Blog

Copyright © 2012 The Veritas Real Estate Group, Inc.
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Terms of UseSite Map
All rate, payment, and area information are estimates and approximations only.