National Real Estate Market Receives Some Blessings

Posted by Eric Miller on Saturday, March 3rd, 2012 at 11:52am.

Over the last few days the idea of purchasing Ft Lauderdale Real Estate has received numerous blessings, along with the national real estate market. Warren Buffett said it is an incredible time to buy real estate. He pointed to low interest rates, low prices and low supply.  Immediately following Donald Trump sounded off that he too thought it was an incredible time to buy real estate. Both were speaking of the national real estate market and macro-economic conditions that clearly say it is a great time to buy real estate.

An article quoting Realty Trac, in Ft Lauderdale’s Sun Sentinel Newspaper added further to the recommendation of buying Ft Lauderdale Real Estate.  They said that Foreclosures in Broward County have continued to drop throughout 2011. They discussed at length that banks are embracing the short sale process and moving property through the system in a more orderly fashion. Even though they pointed out that the number of Ft Lauderdale homes in foreclosure will continue to rise through 2012 they pointed out that this often does not result in distress foreclosed properties coming to market.

Even more important to today’s real estate buyer in the Fort Lauderdale Real Estate market was a comment that the average distressed or foreclosed property is selling at a 23% discount to non-distressed properties.  We want to bring special attention to this discount as we feel it is a relatively low number and clearly shows that non distressed properties, in great condition may represent some of the best deals in the market. When looking for real estate in the Fort Lauderdale market buyers need to understand that they don’t necessarily need to look at only foreclosures or short sales to get a great deal. They need to look for is a property they like with a seller who is ready to sell, in the best condition possible. A 23% discount on a distressed property will not pay for all the costs involved in a renovation.

Looking for a great deal in today’s Ft Lauderdale Real Estate market the best plan of attack is to work with a realtor who is working the local market fulltime and to be ready to react when the right deal comes along.

Eric Miller is an award winning Florida Realtor, salesperson and broker. His website, 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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