Although the last real estate bust almost a decade ago was not kind to many Florida residents, the real estate market has recovered significantly since then. There have been mixed reactions and comments about the current state of real estate in Florida and throughout the United States. But statistics do not lie.
Throughout the United States, prices have risen by 6.7 percent over the previous year and 1.1 percent over the last month, according to the monthly report from Home Price Index. They also forecast an additional 5.2 percent raise between June of 2017 and June of 2018. The Fort Lauderdale, Florida, area is considered to be among the best places to purchase real estate.
According to CBS Money Watch, Weston, Florida, a suburb of Fort Lauderdale, is among the top 10 strong investment returns for those looking to buy. This is a win-win. It is a good time for investors, as it suggests there is less likely a chance they will lose money, and that also means an increase in demand for sellers.
If you are in the process of a real estate transaction or at the very least considering one, whether you are a seller or a potential buyer, it is important to have a full understanding of the laws and rules and how they apply to your situation. Making certain that your transaction is done legally can be incredibly helpful in not only assuring that the transaction is official, but that there will be no penalties or fines for oversights, which could prove to be costly down the road.
Source: Money Talks News, "4 of the 10 Largest U.S. Real Estate Markets Are Now 'Overvalued'," Karla Bowsher, Aug. 7, 2017