Foreclosed in Fort Lauderdale

Posted by Eric Miller on Wednesday, November 4th, 2009 at 2:10pm.

Ok I'm bad, I have not posted in months, shame on me what kind of blogger am I ? Simply one with a new committment, to write shorter, briefer, more often posts. Posts that quickly serve to inform Anderson Cooper (sorry to pick on you but you are one of my favorites), the rest of the media, and of course my readers the reality of the real estate market in Fort Lauderdale. Lets start with one fact for tonight, the ocean front is not flooded with Fort Lauderdale foreclosures. The Fort Lauderdale highrise condos that sit east of the intracoastal are not being boarded up, vacancys are not piling up and the fact is that buyers are lining up. Simply they are waiting for the sign that we have reached bottom. That sign for many will be the shrinking of inventory and the uptick in prices. For many others they are buying today, at discounted prices, often lower than it would cost to build, but not at firesale prices that the media has convinced them exists. For those who decide to wait they may face, less inventory to select from, higher interest rates, and sellers who see the rainbow, and being less negotiable. Now sure sounds like a great time to get serious if you want to buy and as always we are here to help you find the best deal.

Eric Miller is an award winning Florida Realtor, salesperson and broker. His website, FortLauderdaleGroup.com provides an up-to-date guide to Fort Lauderdale Condos for sale, and the most complete buyer, seller and investor information for the Fort Lauderdale Real Estate Market.

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