**Greetings from Branon Edwards and Jelena Panfilova
from Aqualand Realty in sunny South Florida!
We hope all is well with you and that you've been enjoying your summer. We just
reviewed
an article published by the Florida Association of Realtors that we believe will
be of
interest to you as well.
** Florida Condo Prices Hit Bottom:
** http://InvestFloridaRealty.BlogSpot.com
Needless to say, we've seen a number of these types of transactions occur in
recent
months, it's just surprising that only this one has made it public thus far.
Pension funds
have been buying up units on the beaches all summer. Our understanding is that
they'll be
leasing them out and holding them as medium-term investments.
We have a number of listings and opportunities presently that are well below
market price
and represent excellent opportunities for ready buyers. Granted, cash buyers
have the
most options at the moment, but buyers with substantial down payments and the
ability to
actually qualify for and carry a mortgage have options as well.
As a licensed mortgage broker in addition to being a licensed real estate
broker, we're
finding that investor mortgages are requiring substantial cash down (20-30%)
plus high
credit scores and an ability to prove their income. However, lenders are still
issuing loans
and condos (and single family homes and multi-family properties) are still
selling.
It all comes down to location and price. Unfortunately, a lot of investors
forgot the old
saying, 'Location - Location - Location' in the heat of the market and ended up
holding
difficult-to-sell properties - mostly due to less desirable locations. However,
beachfront
real estate and single family homes in sought after neighborhoods are still good
sellers.
The mortgage crunch has a lot of sellers in exceptionally motivated situations
providing
savvy investors with a real opportunity.
If you have any questions or if you would be interested in knowing about
attractive deals
presently on the market, please drop us an email or give us a call.
As always, thank you for the opportunity to earn your business.
All the best,
--Branon A. Edwards, ePRO
Licensed Florida Real Estate Broker and Mortgage Broker
Direct Phone: 786-417-4910
Private Fax: 786-524-5747
mailto:Branon@...
VISIT OUR WEBSITE:
http://www.InvestFloridaRealty.com
VISIT OUR BLOG:
http://www.InvestFloridaRealty.BlogSpot.com
Real Estate Office:
Aqualand Realty, Inc
8359 Stringfellow Road
Saint James City, FL 33956
Mortgage Office:
Mainland Mortgage Corp
2803 E Commercial Blvd, Suite 210
Fort Lauderdale, FL 33308
Thank you for the opportunity to
EARN your business.