It's a Great Time to Buy a Home in the Florida Keys

In 2004 here in the Keys, many homes were selling for far more than the sellers would ever have dreamed possible. Towards the end of 2004 though, things started cooling rapidly. Many people paid more for their homes in 2004 than they could expect to sell them for now. We have no shortage of inventory today, much of it having been on the market for many months. Many sellers will consider offers well below asking price.

If you are thinking about improving your standard of living and trading up to a new home, times are good! Sell first and you are in a very strong position. Maybe you could have sold for more last year, but bear in mind that this also applies to the sellers of the home you want to buy. Your dream home may be more within your reach today than it was last year.

If you are moving out of the area, this is also a good time to move. Many real estate markets across the country are in a slump right now. There are bargains to be had. Again, if you sell first, you are in a very strong position. Remember the golden rule - He who has the gold rules. This is very true in real estate matters.

Even if you are trading down, provided you are moving to a less expensive area, you should do well to sell now. You don't have to go too far to find places with a surplus of homes for sale and that means that with cash in your wallet, your offer is more likely to be accepted.

Homes that are priced sensibly are selling! Not as fast as last year, but there is still plenty of activity. Provided you don't have unrealistic expectations, you should be able to achieve a sale within a relatively short time and once you have sold, you can use the strength of your position as a buyer to get a great deal on your next home.