Palm Beach Real Estate and Loans

I can talk about how great Palm Beach real estate is until I'm blue in the face - and I often do.

But it never hurts to have another opinion, so I was thrilled to see what well-known real estate investor and analysist Dr. Danielle Babb had to say last week on Enterpreneur.com -

The article was titled "The Best and Worst Places to Buy a Home" and you can read it HERE.

This is how the article starts out:

"Whether you're looking for an investment property or a place to live, here's a look at the cities you should seek out and avoid in 2008".

And right there in the list of 'The Top Places to Buy' is Palm Beach, Florida - and she says the following:

"Palm Beach, Florida: I'm taking a risk here because this area has been pummeled by foreclosures in 2007.  But there are a lot of Boomers retiring and Palm Beach is looking mighty attractive. If you don't like this high of a risk (which translates to great prices), check out Tampa or Clearwater in the same state"

Did you notice the part about the great prices?  Even if you did, give it another read and make sure it settles in.

Other other top rated areas are:

• Killeen, Round Rock and Austin, Texas
• Mission Viejo, California
• Las Vegas, Nevada.

I can certainly tell you the same things, but I think it's important for my potential Buyers to see this advice coming from someone who is primarily in analysis, not day-to-day sales.

OK, armed with the above information, keep in mind the following:

• We are curently in the busiest time of the year for the best real estate in North Palm Beach County.
• There is still a large inventory of luxury real estate for sale
• If the Owners of these luxury homes are not able to sell their properties before the beginning of April, they will most likely be holding on to them until next January and the beginning of the next busy season.

So.....

SELLERS:

You need to make sure that your property is priced to sell - ego must be kept out of it!  That ruins so many transactions - it's ridiculous.

BUYERS:

We are still in a Buyer's Market and you do have the upper hand TO A POINT - Sellers are willing to negotiate, but YOU need to get rid of the idea that super low-ball offers will be accepted - much less even countered!

Related Posts