The Correction in the Florida Real Estate Market

The problem with the South Florida real estate market is that most of the gains were driven by investors. They bought properties at the top. We are now approaching the bottom. The main problem they face is that rental prices have not kept pace with rising house prices. Most investors are losing hundreds if not thousands of dollars a month. The question is how long this can last.

Investors want to get out of their properties, even if they have to take a loss. In addition, there is a certain number that is willing to return them to the banks. If these properties sell below market value, compensation will drop, as will home prices.

The sad part is that the landlords and owners are not being realistic. They have an inflated idea of ​​the value of their properties and will not lower the price. The end result is that they hold their prices, sit on the property, and then get to a point where they are forced to unload it for less than they could have gotten.

Sellers must be informed about the factors that affect the real estate market and market conditions.
Investors are at the point of trying to determine how much they can sell their properties for and how much loss they will take. They are at the point where they are willing to take losses because they are afraid that when the market comes back, they will not be able to make up for the losses they have accumulated over this period.