The Smart Money is Returning to Florida

If you speak with many of the Brokers of real estate companies throughout the state of Florida, there is a feeling that buyers are returning to the market.

It seems that many documented sales have been recorded in the luxury market, especially in the 2M and above category. There has also been a large increase in sales by first time buyers and investors who are buying REO properties and flipping them for a quick profit.

The general thinking is that with the large number of baby boomers that will be retiring over the next 20 years, Florida's current large surplus will be absorbed and it will return to a place where owning real estate will once again become a great investment.

As one long-term investor put it, real estate never was meant to return a quick profit!

I believe that much of what I have read is true. On the other hand, I know that factually speaking, the real estate market is a very slow moving mechanism and while these positive feelings are encouraging, we still have a long and rough road ahead.

It would be nice to think that the worst is over and better days are just ahead. It took us seven long years to get here and we will not return to that "normal "state of supply and demand for years to come. In summary, I believe the investor who stated that real estate was never meant to turn a fast profit was very profound!

Sellers, always remember, if you are trying to sell and have not been invest real estate miamiable to, or you are just ready to move forward, investigate how a well executed auction can produce great results.

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