South Florida’s housing market is seeing lots of growth as northern home buyers seek to purchase homes with the added benefit of being able to telecommute.
Although it is sellers who have the advantage right now — demand is strong but supply is low — buyers have opportunities to reap rewards. A recent report shows Florida has gained in popularity as a destination for buyers coming from cities like New York, Chicago and Boston. Single family home rentals have also increased in South Florida, as several families look for a more stable alternative before the market stabilizes.
With its small supply of properties, the existing market has become more favorable to sellers who have not had to slash their rates. But sellers can take several actions to ensure the best price, and one of the most important is having a professional appraisal done regardless of the type of property.
Remember that if you’re looking to purchase a home in South Florida and you need money fast, Monroe Funding Corporation can get you the money you need in hours versus weeks.
This update is by hard money lenders Miami company Monroe Funding Corporation, a direct equity lender serving clients throughout Central and South Florida. We specialize in first mortgages on non-owner occupied residential and commercial property investments as well as real estate loan options. Our fast and flexible loan programs get you to the closing table quickly and professionally. For more information on Broward County hard money lending, please call 954-816-0388 or fill out our application.