Weathering Through South Florida's Crazy Market
Hey Everyone,
I wanted to pop on here to ask for some advice / see everyone thoughts on the crazy real estate environment currently in South Fl. I just finally got an offer accepted on a condo in Tequesta 2/2 and had to offer 15K over asking to get it. This seems very typical now but I am wondering what everyone else has been doing. I am worried that the value of these homes are not stable and one day could bite me in the ***. I know we have high demand and that it is not exactly like 2007 because most people are buying these properties up with cash but what is everyone's game plan through this? Are you buying as much as you can now before interest rates are up big time? Or are you waiting for value to "correct".
Thanks for your help.
Annie