Uh Oh The First Hurricane Of The Season And What It Means To The Fort Lauderdale Real Estate Market

It's sunny and hot and it's summer in Fort Lauderdale. Along with fireworks and the boys of summer sweating it out on the field, it means something else to those of us who also have to deal with the dark side of paradise. It's Hurricane season!

Hurricane season brings the usual anxiety and when a new storm is named, the blood pressure of homeowners rises as the barometric pressure lowers.

With the level of foreclosures in the Fort Lauderdale real estate market coupled with the sub-prime crisis influencing the pricepoint of many homes, this declining market can ill afford the impact of a hurricane. Either physically, or mentally.

Buyers out there listen up. When a hurricane gets named this year, you need to be poised like a Great White smelling blood in the water.

Talk about your motivated selelrs! Lenders and property owners in distress will be looking to unload problem property very quickly. Bank owned homes in the Fort Lauderdale real estate market, already going for 30%-50% or more below market value will be reduced even further.

Banks don't want to own property, and the increased liability of a hurricane makes them even more motivated.

Read more about the impact of a hurricane on the Fort Lauderdale real estate market on the Fort Lauderdale Real Estate Blog.