Relocation - Fun or Nerve-Wracking?

Housing data released by Florida Realtors shows a market continuing to follow a positive trend.

Here are some of the highlights of that report:

  • Pending sales for existing single-family homes in February increased 14.7 percent year-over-year.
  • Pending sales for condominium and townhome units went up 7.5 percent.
  • New listings for single-family homes is up 5.5 percent and new listings for condominiums has risen 3.1 percent.

All positive indicators of a healthy and vibrant market. Additionally, interest rates continue to be attractively low and mortgage lending requirements have become slightly less stringent.

Those are all positive indicators for Florida’s housing market as is the disenchantment many long time northern residents are feeling for the extreme winters. States in the Northeast are experiencing more resident dissatisfaction than reported two years ago. Will dissatisfaction lead to selling and moving south? It often does if the homeowner is able to move and is not tied by family or job concerns.

Being welcoming and reassuring to those buyers who find themselves not sure where to settle in Florida can be the difference between being a consummate buyer’s agent, or missing an opportunity. Florida is a bigger state than many new arrivals understand and the differences between South Florida, the Space Coast, and the Panhandle are often hard to assimilate. RE/MAX Flagstaff is an established Florida company able to be the source of information for the buyer who wants to know more before deciding on an area.

A decision that comes up fairly quickly is whether to buy a house in Florida or a condominium. Chances are the buyers had a single-family home in the state they are leaving, but they may be committed to the idea of a maintenance-free life. If they are undecided, their agent can show them representative listings and see which way they are leaning. For some who move from a single-family house, having that privacy is priority #1. For others, having a clubhouse, pool, and the chance to make new friends is more important. Either way, we are here to help.

Welcome to Florida!

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Thursday, 17 October 2019

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