Palm Beach Real Estate and Loans

It's great to report that activity is really starting to pick up for Palm Beach real estate.

The best part is that I'm actually experiencing it.

Between the 'overly positive' reports from within the industry and the hyper-negativity from the press there is an area where the common person is able to figure out things for themselves.

When those people start to call me from different areas of the country - all with basically the same thought - that they've been following the real estate market for a while and they think that NOW is finally the right time to buy real estate in Palm Beach...... Well, that's good news.

Just this week I've dealt with people from New Jersey, Connecticut, California and Canada.  They all had the same feeling, while last season was still a bit too pricey, they feel that the current prices are in line and if they want a good value, the time is now.

While I'm certainly not psychic (I still haven't hit the lottery..) I think that the great Florida price decline has ended.  I deal mainly with luxury property and while the owners have been amenable to price adjustments through the year, most people that I know have no intention of going any further.

It's the classic Have to vs. Want to Sell that I keep bringing up.  So many Sellers would certainly LIKE to sell - for a fair price.  They aren't desperate and they won't jump at just any offer.  They have no intention of dropping their prices any lower.

So as the general outlook continues to improve, more and more real estate transactions will close.  The number of homes available will drop and the word will get out that if you haven't bought yet, you're running out of time. Perceived value will increase and prices will start to go back up.

Business 101 - it can't get much simpler.