Why is NOW a Great Time to Buy Real Estate in Florida?

If you're one of those people that's been waiting for the right time to buy real estate in Palm Beach Gardens - or anywhere in Florida actually - consider the following:

Great Prices

Statewide, the existing-home median sales price decreased over 25 percent from the 4th quarter of 2007 to the 4th quarter of 2008.

The Time is Right

Home sales volumes are rising again a clear signal that today's "buyers market" may be changing soon. In fourth quarter 2008, statewide sales of existing single-family homes were up 13 percent compared to the same period last year, according to FAR statistics.

High Inventory Levels

Conditions are ideal for buyers to find their dream home. Inventory is still plentiful in all price ranges. But as sales volumes increase, inventory levels are likely to shrink. That reality translates into this advice for buyers: Don't wait too long - in other words Those Who Wait, Lose.

Low Mortgage Rates

Mortgage rates are still at the lowest levels since the 1960s. Lower rates multiply a buyers financial power. Even half a percent can make a sizeable difference. Buyers can get more home for the money, which is a perfect scenario for families looking to upsize.

Incentives to Buy

Federal, state and local housing programs can help buyers make that big purchase. The U.S. Housing and Economic Recovery Act of 2009 includes an $8,000 tax credit for first-time buyers. President Obama's 2009 economic stimulus package also identifies and offers incentives to help home buyers with mortgages. Talk to a local mortgage lender about state and federal incentive programs.

And the Unsurpassed Lifestyle

Finally, lets not forget the things that brought people to Florida in the first place, and will continue to attract them: beautiful beaches, fabulous weather and a friendly business climate, with no state income tax. Its no wonder that Florida's combination of temperate climate, outstanding recreational amenities and economic opportunity has consistently put Florida in the top three of Harris Polls "Most Desirable Places to Live" survey.

If those reasons don't convince you, I don't know what will - call me today @ 561-282-7406.

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