The Year Ahead for Florida Housing Market
Owning a house near Fort Myers or Fort Lauderdale, Florida is almost a dream come true! It’s beautiful, has that splendid view and makes you want to desire it over. So, what is the real estate prediction for the year ahead? According to Fort Myers real estate, it is a good time to purchase your dream property in Florida. It is your time to invest and get the best property over.
Predictions Say More Sales
It’s being predicted that the year 2014 is going to be awesome for real estate in Florida. It will grow at a slow pace but, it will grow. It’s being estimated that the value of residences in Florida will go up by at least 5%. Trends show a positive increase in the past year and the valuation would go up by at the very least 12% in the coming year. So, it is going to be a great year for real estate this coming year.
Rise in Mortgage Rates
Mortgage rates for Fort Myers real estate have gone up by 100 base points. You will see a greater increase in these rates in the coming year. With mortgage rates increasing and a considerable society believing that mortgage backed securities are good, it is time to invest in real estate
Buying Cheaper than Renting
Predictions Say More Sales
It’s being predicted that the year 2014 is going to be awesome for real estate in Florida. It will grow at a slow pace but, it will grow. It’s being estimated that the value of residences in Florida will go up by at least 5%. Trends show a positive increase in the past year and the valuation would go up by at the very least 12% in the coming year. So, it is going to be a great year for real estate this coming year.
Rise in Mortgage Rates
Mortgage rates for Fort Myers real estate have gone up by 100 base points. You will see a greater increase in these rates in the coming year. With mortgage rates increasing and a considerable society believing that mortgage backed securities are good, it is time to invest in real estate
Buying Cheaper than Renting
In the coming year, real estate trends show that it would be cheaper to buy a property than to rent it. In a metropolitan where renting seems as good as buying a house, you should invest in a house. In Florida, if you go for buying a house, you will spend the rent amount in EMIs and you will have a good house in hand at the end of the day. This sounds like a great idea anyway.
Low Pricing
Fort Myers Real Estate and Fort Myers Lawyer suggests this year the prices would go low and eventually you would be paying economically to get a home. This year the prices would fit your budget and buying a house would seem like a good idea to you. The biggest advantage is that the demand and supply would fit the bracket perfectly making low pricing the best available opportunity to indulge in buying a house.
Hire a Fort Myers Lawyer for Real Estate
Predictions seem to be hinting strongly at buying a house this year in Florida. In case, you wish to go by these predictions don’t forget to hire a lawyer who would help you with the real estate dealing. Fort Myers Real Estate Lawyer know the legalities involved in buying a house in Florida. The documented proof of buying would help you stay away from cheats. Also, this document would acknowledge all the primary factors involved in buying a house. Mean while our Fort Myers Real Estate Lawyer would ensure all the points to get covered and the terms and conditions stated. At no point should your investment go wasted and money unrecovered. As you would be unaware of dealings in real estate, hiring a lawyer would save you from cheats. So, 2014 is a good year to invest.
