Previous posts here have addressed concerns over whether or not the South Florida real estate market is entering the dreaded "bubble" territory, similar to what caused a great many headaches about eight years ago. Some have seen the rapid increase in the amount of residential development in the local area as a concern because it is starting to match the rate of increase seen in the previous bubble. However, according to a recent article, the past is no predictor of the future when it comes to residential real estate.
By the time you're starting to prepare for the real estate closing on the home of your choice, things are probably getting pretty exciting. The closing date is usually the day when ownership of the home is officially transferred, and the keys are dropped into your hand. It can certainly be a thrilling time for any home buyer, but there is plenty of work to do leading up to the big day.
While previous posts here have emphasized that buying a home is usually the most significant financial move most people will make in their lives, a close second is probably the decision to sell your home. But, many people don't realize the effort they will need to put in to make the most of this all-important cashing-in opportunity, and they are left asking themselves, "Just what exactly do I need to do when it is time to sell my house?"
After a few previous posts here have noted a couple of reports that may indicate a bit of a cool-down in the South Florida real estate market, a new report seems to point to a market that is surging in the recovery from the downturn of 2007. According to the report, residential development in the local market is booming, especially when it comes to condo construction.