Exit Strategies in a falling market
I'm in the Metro Orlando area (Osceola, Seminole, Orange, Brevard, Volusia counties) and I was told the best strategy for me (excellent credit, no home, about $5K in cash) was to trade-up given the market here in Central Florida. With about 26K homes in inventory, this person says it will be extremely difficult to sell a rehab unless I was dealing in the luxury home market where sales have continued to be strong.
I'm interested in hearing another opinion on the best strategy for a market like this.
Thanks,