Orlando Real Estate Market Has its Perks
Published On: May 14, 2012 Posted by: TownsRealty
The housing market across the country is still pretty grim, at least from the perspective of banks holding on to foreclosed homes that just will not sell. But there’s plenty of good news out there for people who are thinking of buying a home. In fact, now is probably the best time to take advantage of the Orlando real estate market.
When you see news about a difficult Orlando real estate market, what that really means is that prices are very low. As a buyer, that means the housing market is perfect. You can probably find a home at a price you can afford right now, and you may find that your mortgage payments will be less than any rent you are currently paying. In addition, because the market is somewhat flooded with homes that are not selling, that means you’ll have great selection. You can take your time and find just the right home for you and your family, because there’s probably the perfect house for you for sale right now.
In addition, the Florida real estate market is always a draw for investment. Because so many people retire to Florida, you can be sure that as the baby boomers retire the market will go up. The next ten years will see the entire baby boomer generation retiring, which means that the population of Florida is going to rise. The Orlando real estate market will benefit, and so will you if you buy now.
Add to all those factors the incentives that local, state, and federal programs are putting into the tax code and you’re looking at an excellent Orlando real estate market for buyers. You can get tax credits at both the state and federal level. The Orlando real estate market is bad for everyone except buyers right now. Take advantage while you can.