- Here’s An Opinion On:
- Property Management Bald Hills
By Mike Benton
Fort Lauderdale has everything you might look for in a second home location-tropical climates year round, ocean breezes, golf galore, nautical lifestyles, sports venues for every sports lover, and the many amenities found in a greater metropolitan area. In addition, Florida is a very tax friendly state with no state income tax and the option of the Homestead Tax Exemption. With a growing population of over half a million residents, this area has something for everyone.
Apparently, many people are recognizing the value of owning a primary residence or second home in the greater Fort Lauderdale area. In addition to the steady improvements we are seeing in the Fort Lauderdale real estate market, we are also noticing an increased number of people relocating to this beautiful area for reasons related to career relocation or retirement. How do we know this, you ask? The answer is simple: the number of Fort Lauderdale homes for sale are shrinking, and the competition for the existing Fort Lauderdale homes for sale is increasing.
The same goes for the number of Fort Lauderdale condos for sale, particularly waterfront condos in Fort Lauderdale. The prices for oceanfront condos have obviously decreased, but we arent seeing any further decrease in waterfront property value. In fact, the growing competition for the Fort Lauderdale condos for sale on the market seems to be triggering a slight but significant value increase in waterfront condos for sale here. Will that trend continue? Were not sure, but we have a hunch that it will due to a combination of record low mortgage interest rates and the growing rental market.
One of the best real estate investment options is a one of the many Fort Lauderdale condos for sale, particularly a waterfront condos on Las Olas or the nearby beaches. These make excellent seasonal rentals for those who wish to use it as a second home while offsetting the mortgage costs with renters. There are also some well priced condos near local universities that can easily be rented on an annual basis to college or graduate students. These are often rented to longer term renters who attend school near Davie, FL. We find that our investors usually have an excellent cap rate with either of these choices.
If you are in the market to buy one of the many Fort Lauderdale homes for sale, please take a look at the inventory on this site. You may also wish to send us an email, as some of the best deals are those short sale homes that fell through, or become available again and are not yet listed on MLS. The same goes for those looking for the best Fort Lauderdale condos for sale. Whether you want an oceanfront luxury condo in Fort Lauderdale for your primary residence or a triplex in Davie, FL for investment purposes, we can find the best available investment for you.
You can also read a review with further information regarding the optimistic real estate market forecast for 2012 here, where we discuss some excellent market indicators and the price index relative to the Fort Lauderdale Homes for Sale.
About the Author: Mike Benton is a real estate professional specializing in short sale and foreclosure properties in the greater Fort Lauderdale area. He has 10 years of real estate experience, with 6 of those focusing on successful transfers of short sale and foreclosure properties. Learn more at
Fort Lauderdale Homes for Salefortlauderdaleforeclosures.org/?attachment_id=1186 Source: isnare.com
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