You may be wondering if a home for sale in Florida is right for you. Is Florida supposed to continue the huge population increase that it has seen in the last 25 years? Well, according the United States Census projections – yes. In fact, the states of Florida, Texas and California are supposed to account for nearly HALF of population growth in the next 20 years. So what does this mean? Quite simply, people are going to need places to live in these locations and a home for sale here is probably a good long term investment.
Florida is currently the 4th most highly populated state, just behind New York as of last census. It is expected, and may have already overtaken New York as of 2012. Florida also adds over one THOUSAND people every day. When you account for the fact that this is only supposed to increase, that is a lot of extra people! Those extra people are going to need a place to live. It is true that there is currently a surplus of Florida homes, but this is sorting itself out as you read this article. This immense growth, coupled with the decline in building permits, assures a good investment in a Florida home in the future. Real estate markets are extremely localized in Florida, however, so it is important that you do your homework on exactly what fees, taxes, and appreciation can be expected in your city, community, and you’re your prospective neighborhood.
The best idea when looking to sell or buy a home in Florida is to look for For Sale By Owner homes or FSBO houses. There are many websites out there that will help you connect with a buyer or seller in a particular community. Real estate agents are nice, but they are no substitute for someone who has actually lived in the Florida community for a long period of time. You can also browse anonymously and not have to deal with pressure or intimidation that a realtor or anxious home seller might put on you.
The first idea you must understand is that you make money when you purchase a home for sale in Florida, not when you go to sell it. This is a common misconception, but it is easy to understand. If you purchase your Florida home at the right price, you are promised to reap the benefits later. If you make a bad decision and buy your Florida real estate for a price that is too high, you will pay for it later. Despite the projects of huge growth in Florida, there are still plenty of dumb home purchases to be made!
A good rule of thumb is to look for properties that have a low initial cost, although that is not the only important factor for the home. You can find these deals by looking through for sale by owner sites in Florida, but it’s also important to understand what drives a good deal when buying a house. It may sound harsh, but usually finding a seller in a pinch can drive down their asking price by an immense amount. This could be health reasons, a new job, or some other life transition that simply makes the house a “fast mover” and the seller motivated.
The easiest way to find this out is to look at homes that are for sale by owner before you move into looking for a real estate agent. This method saves you thousands right off the bat, and you can deal directly with the person selling the home. Ask questions and find out why they are selling. In the end you could save a lot of money and it could make the investment a real winner.