Invest in Central Florida Real Estate Now!
Real estate markets all over the country are hot right now! If you’ve been following Central Florida real estate trends over the last few months, you know what we mean when we say the Central Florida real estate market is on FIRE! Sellers have been going into contracts in less than 48 hours. This is only after dozens of offers have been made.
Right NOW is the perfect time to invest in Central Florida real estate! Whether you’re planing to live in the home itself, or perhaps rent it out as an investment property. NOW is a great time to buy! With great interest rates continuing to stay low and more inventory popping up. NOW is the perfect time to invest in Florida real estate.
In this article, we share the top reasons why now is the perfect time to invest in Central Florida real estate!
Take it From the Erica Diaz Team
The Erica Diaz Team is Central Florida’s premier real estate team. All of our real estate agents live, work, and play in Central Florida. Being that we all spend our professional and personal time in the area, we have seen the market change rapidly over the past year. While it was initially a sellers market in the beginning. More and more inventory is becoming available every day.
While it’s been great time to invest in Central Florida real estate, it’s been fairly difficult to buy a home due to low inventory. However, with more inventory beginning to pop-up on the market, it’s now becoming easier.
If you are ready to invest in Central Florida real estate, we want to help you through the process. Contact us now and we can get started today!
Why is Central Florida such a popular place to live?
There are a number of reasons why Florida is such a popular place for people to live. In turn making it a popular place to invest in the real estate market. Beginning with beautiful sandy beaches along the coastlines and world class attractions, Florida is appealing as a great place to live, work, play and visit. It’s a hot spot for snow birds, retirees and tourists alike.
A Tax Friendly State
Most importantly to note, Florida is a very tax friendly state. Florida has no state income tax. This is a huge point of interest for many who move to Florida. Since Florida generates their tax income based off of sales tax, Floridians do not pay state income tax.
More Inventory, More Options
Inventory! This is the key to actually buy into the real estate market. For many months now, there has been very, very, very low inventory. If you have not heard, prospective buyers have found themselves in offer battles, even optioning to do away with home inspections (crazy, right?!). Homes for sale were getting multiple offers and quite literally flying off the shelves. Homes barely lasted a few days at the very most, let alone a week. With a market like that, buying was quite the event.
With so many people moving south, especially during the last few months, and few people wanting to put their house on the market mid-pandemic, there really was not much to work with on the market here in Florida. When a house did come on to the market, the amount of showings homes for sale would have in just a few days was higher than we have been seeing in a very long time. Now that things have calmed down and are opening back up, the inventory is starting to pick up! There is a little more inventory now.
Buying a home, perhaps the home you have been dreaming of, is definitely much more of a reality now than it would have been the last few months. For many months now, homes were disappearing faster than they could be put into the MLS (real estate listing system) it seemed! With a market so hot here, finding and getting your dream home, was a struggle.
Many people who were in a rush to move have either moved or re-prioritized due to the market. Now that the market has leveled out a bit, it is a great time to buy a home in Central Florida.
All of these reasons are why it’s a great asset to work with a well-known, reputable company like the Erica Diaz Team. It always helps to have a local well known-name negotiating on your behalf.
Low Interest Rates
Another key point to notice is that interest rates continue to be low. While almost historically low, mortgage rates dropped to an average of 3%, with some options being even lower on a thirty-year loan. It is important to note that rates are also based on credit, income, debt ratios, but for those with great credit scores, you can really expect to get some amazing rates right now! This falls in line perfectly with the availability of homes on the market. Adding to the reasons why now is an ideal time to buy!
Prime Time for an Investment Property
Right now is the perfect time to purchase a home, or even a condo as an investment property. With so many people moving to Florida, these people are going to need somewhere to live. Many of those who move south, especially to a new area, prefer to rent in order to get to know the area best before they rush into purchasing a home in an area they have never been.
There are also many people who prefer to rent or are not yet ready to buy. Florida has a huge number of renters, and what seems like more and more apartment complexes popping up all over. With not everyone wanting to live in an apartment building, there is absolutely a need for rental homes available to rent.
Central Florida is a Highly Desirable Place to Live
The Erica Diaz Team focuses our efforts on Winter Garden and surround areas including, Windermere, Clermont, Oakland, Ocoee, Mount Dora, Minneola, and Apopka. These areas are very hot for renters, and buyers alike. People moving in to these particular areas of Central Florida enjoy being close the theme parks. Many people work there and others love to visit them. Many buyers and renters may have kids who are looking for a good school district. These specific areas of Central Florida are continuing to boom and bustle with new growth.
An Ideal Place to Retire
After a long life of hard work, many people choose to retire in Central Florida. This comes at no surprise. Central Florida has many perks for folks ready to retire such as: Natural Beauty, strong communities, lots of history, tax benefits, exciting events and attractions, ideal weather and more!
In fact, Winter Garden (located in Central Florida) is an ideal place to retire. Click here to check out our article all about the great reasons to retire in Winter Garden. Most of them can go for the all of Central Florida as well!
Now is Prime Time to Invest in Central Florida Real Estate!
Right now, is a fantastic time to invest in the Central Florida real estate market. With more and more homes becoming available to the market weekly, as well as the current low interest rates, now is the perfect time to invest in Central Florida real estate.
The real estate market definitely has its highs and lows. Purchasing now while the market is doing well is a great course of action. If you are looking for an investment property, now is the time. There are always people moving south, and many that simply just like to rent or can not buy right now.
Purchase either the home of your dreams or one that will provide you with income so you can live your dreams. Either way, now is an awesome time to invest, see what the Central Florida real estate market has to offer you.
The Erica Diaz Team – Invest in Central Florida Real Estate Now!
Now is the perfect time to invest in Central Florida Real Estate! If this article stirred up some thoughts about investing in Central Florida real estate estate, contact the Erica Diaz Team today. Our amazing team of local real estate agents can help you find the gem you are looking for. Our agents have years of experience and can assist in all of your buying and selling needs.
The Erica Diaz Team’s specializes in Winter Garden and surrounding areas (Central Florida), so let us help you find the right property today!
