Investors love Florida real estate for plenty of reasons. Often, what happens in Florida with its trends in buying and selling properties is a measure of what will be happening soon in the rest of the United States.
The latest trends are indicative of a rise in property values, so buying sooner rather than later is in any good investor’s best interests. In some areas like Boca Raton, a creative trend in getting sales is where sellers offer a luxury car with the house being purchased. For those who are looking for more traditional trends, consider the areas of Port St. Lucie and Naples. Properties there have seen an appreciation of about 50 percent in just the past year or so.
Conversely, many of the investors who benefited by the downturn in prices following the start of the Great Recession are ready to bail on their FL properties. They have made their money and are now looking to sell. This can mean a much better inventory of homes and other properties for new investors.
The rise in property values is being seen particularly in places like Lauderdale-by-the-Sea. New condominiums are being offered in the mid-500s and the $1 million range. This may not seem so intriguing to an experienced investor, but a closer look reveals that many buyers have been camping out to get first dibs on the sales of these units.
Any investor looking for a turnkey property that can bring in higher proceeds for rents should grab his or her camping gear and get in on properties like these. This area is prime for any investor looking to flip and make a quick profit as the values rise.
As for the properties in Boca Raton, the cars that are being sold with the homes include Porsches, but investors may want to look elsewhere for profits. Communities like Winter Garden are better suited for investors looking to earn monthly rent revenues. The community has a big draw for would-be renters because of its proximity to Disney World. Additionally, it sports a low vacancy rate and a low unemployment rate, making it attractive to investors who want to earn rents while waiting for the right time to sell and earn a nice profit.
Among the communities that are about to see a flood of investor-earned properties hit the market is Orlando. As prices start to level off, now is the time to buy and hold. While price increases are slowing they are still on an upward trend. In fact, the community has seen more than a 20 percent price increase overall in the past few years.
Real estate in Florida is suited to many investors. It has plenty of property available for new investors, seasoned professionals and those who are looking for long-term growth or short-term profits. To get the best property for your portfolio, get an experienced real estate agent or broker on your side and enjoy more profits than ever before.