It may not come as a surprise to hear that when property sales in Jacksonville are booming, home renovations here on the First Coast pick up, too. These two things are closely associated with one another, and it makes sense as to why. There are three leading reasons people decide to renovate a home:
real estate investment
When it comes to making the decision to enter a lease with rental property management in Jacksonville versus researching property sales or Florida foreclosures in the area, it pays to take a step back and look at the economic benefit of each over time.
Florida foreclosures are a great way to purchase a home on a dime. As foreclosures in Jacksonville–as well as around the rest of the nation–have steadily remained popular over the past several years, more people have looked to property sales in Jacksonville as a mode of investment. Property sales are a great way to invest money, especially if you are willing to purchase a home that could stand for a substantial amount of home improvements. That is why it comes as no surprise that “renovation mortgages” are becoming more and more popular—especially here in Florida.
As of September, a new Housing Price Index will be introduced in Florida statewide. This means more ability to track changes in Florida foreclosures and property sales prices throughout the state, including here in Jacksonville.
Property owners across Florida are finally starting to breathe easier as the housing market is keeping to a positive track in the sunshine state. Median home prices, pending property sales and closed sales all increased in the month of July, while the number of homes and condominiums on the market in July dropped.
It’s impossible to predict the future, so when it comes to predicting and anticipating shifts in the housing market it is all experts can do to look to the past and consider if what happened once might happen again. While the housing bubble of the 1980s was only moderate in comparison to the bubble of the 2000s, it is possible to look at that situation and gleam a few pointers as to what might be the best course of action for potential buyers now.
As a Realtor, I am amazed at how quickly the market can change. Spring 2012 has brought back the days of multiple offers leading to Realtors calling for the “highest…
Buyers making low-ball offers to Jacksonville real estate sellers are beginning to see that these tactics are no longer effective. In recent years, homes on the market exceeded the number…