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By: Helen Ramos

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Thursday, 18-Jul-2013 15:27 Email | Share | Bookmark
Florida Real Estate Owned Homes Are A Great Opportunity For Savi

The sun, sand, and terrific scenery in Florida combine with economic opportunities and real estate deals to make this state extremely popular. 8 million people, and the state is a peninsula and includes many miles of beautiful beaches and coastline. As a result, the best thing that you can do to pick the right time to re-enter the market is to work with a local Florida realtor to get the data that you need to make an informed decision. What you will save in a lower monthly payment by waiting for further drops in home prices will be more than offset by higher interest rates.Tropical weather and the many opportunities offered make Florida real estate owned homes a great choice for most people. Naples Florida real estate has not one, but two full golf courses. Most of the residents in the state spend less than 30 minutes commuting to work, and there are well established neighborhoods to meet all age and income demographics.According to the National Association of Realtors, Florida is on top of the property market in the United States today, so if you are looking to invest on a residential property, make sure to choose a property that takes good care of their market value such as Miami. The economic downturn has helped to lower home market values though, and Florida real estate owned homes which have spent some time on the market may be priced at incredible savings. All signs are pointing up for the real estate market of the Sunshine State as it appears that Florida is shining brighter each day.This is something that is very unusual. That can increase the amount of time it takes for a distressed home to move through the system and be taken out of the existing home inventory. My suggestion would be for you to wait until homes in the foreclosure process have fallen to less than 20% of the total home inventory in your price range before coming back into the Florida real estate market in your area.69. Refinanced homes are important because they help distressed homeowners lower their monthly payments which prevents additional homes being placed on the market for resale that are in some phase of the foreclosure process. Florida real estate owned homes can be found with various discounts, from small markdowns ranging from 2%-5% up to huge discounts with homes sold for less than 50% of the market value.Real Estate In Florida\n real estate in florida

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