Wednesday, December 12, 2012
Are the deals all gone? No, but expecting to purchase property significantly below market pricing will eliminate most if not all possibilities. There are plenty of properties that are deals at current market levels. Just matching the last sale in many neighborhoods and complexes would qualify as a deal in my book. Some prices at current levels are down 75% from the peak. Expecting to buy significantly below that level is unrealistic. As always, buyers need to do their homework and know the dynamics at play in the current market so they can have a better chance of success. I'm glad to help if you have questions about the Cocoa Beach and Cape Canaveral market.
Some of you will have read this similar post from 2009 but it's worth revisiting. Self Defeating Games
"Amateurs talk strategy, professionals talk logistics." ___Gen. Omar Bradley