Gloom and Doom in South Florida - Not Really !

Posted by Eric Miller on Thursday, November 5th, 2009 at 12:33pm.

In was another beautiful day in paradise. The sun was shining and I am looking forward to dinner with friends at the 954, the beautiful new steak house at the W Hotel tomorrow evening. Oh. sorry, I started to talk about fun in South Florida and now I remember, I titled this article "Gloom and Doom in South Florida", and there was this morning when I read the Sun Sentinel ( note to self : I need to stop doing that ). In it was an article about South Florida and the pending disaster, you can read it at "Gloom and Doom in South Florida - Not Really !", please note I have changed the name on the link to match my blog post. If you prefer I can cut through the whole article for you and give you a sense of what they are saying in the last two lines. Buyers are lining up for Florida bargains, with banks processing these deals slowly there will be a supply of bank owned neglected crap for a year or two to come. These homes will sell for what they are worth, in a matter of days. So as more and more of these sell the perception will be that the median price has plummeted. However, once they are gone their gone and if you wish to buy a nice property that costs $200 a square foot to build and has nothing wrong with it your going to pay a reasonable margin for it. Want to find a bargain we are here to help, but if you are waiting for the Sun Sentinel to report the bottom of the market, and mention your dream home in the same article you will have missed the best buying opportunity in years.

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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