Maria Shanahan PA

If only I had a crystal ball I could answer the question I have been asked for months now from colleagues, clients, friends and family.....when is the real estate bubble going to burst??  In Florida there is a mass influx of people who are making the sunshine state their permanent residence. The low interest rates have given many buyers the potential to afford more. The problem is the inventory is low causing the prices to increase. This has not slowed down and with interest rates starting to climb, we may see a minor slowdown but prices are still increasing due to supply and demand.  More info can be found on Forbes by clicking link below Forbes Will housing market crash?

Cash buyers are moving to South Florida in unprecedented numbers. With the limited inventory, cash is king and gives an edge in the bidding wars that are taking place. Many homeowners are working from home and selling their existing homes for top dollar and then relocating to an area that is more affordable, allowing them to pay cash and no longer carry a mortgage. Unfortunately first time buyers and other financed deals are at a disadvantage when it comes down to the bidding wars. These buyers just do not have the capital to pay the over appraisal prices. West Palm Beach tops the list for cash buyers!! See more here (Source: Florida Realtors® )

  Thinking of selling your house? Many potential buyers shop around by driving around and looking at communities to help them decide where they want to live. Virtual tours of homes also make shopping for your next home easier without having to physically see the property at first. You can make your home more appealing to buyer's and also increase your home’s value by improving the exterior. Pressure washing your home and sidewalks along with sprucing up your landscaping can make the difference when buyer's drive by or view your home virtually! Entice buyers and make them want to come inside! MARIA SHANAHAN PA Social Media