Picky Home Buyers
I am not an expert on this because I am not driving potential homebuyers around in my car every day. I do however have some clients who have been looking for a long time. Are they being picky? I really don’t know the answer to that but what I do know is that you don’t want to buy something you will end up regretting. But at the same time a lot of the homes for sale in Fort Lauderdale and the rest of South Florida are foreclosures and short sales which are not in perfect condition.
There has to be a little give and take with these types of home. You are getting a great deal but might have to do some work to the home. Make sure to get a home inspection by a reliable inspector so you don’t get hit with hidden costs later.
The lady in the article below looked at 298 homes since 2007. It actually ended up working to her advantage since home prices continued to come down. Will they continue to go down? Probably but you can’t time a bottom. And it’s not about timing the market it’s time in the market. Make sure whatever you are buying you plan on staying in for at least 5 years.