Savvy investors from all over the world can profit from investing in South Florida real estate right now. We think there’s a real buzz about what the real estate market is doing right now – and we hope our excitement about Miami real estate listings is contagious…! There is a definite buzz in Miami right now – here’s just 3 reasons the team at SFPGM would advise investing in Miami real estate…
1. Miami short sales and South Florida foreclosures offer some of the best investment opportunities in the whole of the US. Right now, there is still chance to snap up a bargain – often these properties don’t need massive amounts of cash spent on them to bring them bang up to date. This means whether you plan to rent it out or move in, the money saving benefits are obvious!
2. Properties are renting fast in South Florida. Sadly, due to so many families being adversely affected by the recession, many of them lost their homes to foreclosure and many would-be buyers were forced to postpone buying a home until their financial situation improved, and a more stable economy was evident. Single-family homes are in high-demand and so quality properties don’t stay vacant for long.
3. Miami homes tend to have a higher resale value than similar quality homes in other markets. Low foreclosure costs and cheap décor costs make selling a house on quickly relatively easy and profitable.