Everyone is asking … when is the "right" time to buy real estate in Orlando? Are there more drops in market prices yet to come? According to the chief economist at the National Association of Realtors, Lawrence Yun, home prices have declined at an unprecedented speed and as a result have in many cases sparked multiple bidding wars. This is an indicator that the good times may soon be gone – many of the declines may have already occurred. There is a spark in the new home market as well, according to the Economic Outlook Group housing start applications are also starting to increase for the first time in 12 months.
With the combination of the housing crash and strong UK currency, Britons have never had a better opportunity to find fun in the sun at an Orlando dream home. Homes are down staggering percentages in some cases. British Homes Group is selling unsold homes from two Florida developers through "no reserve, no minimum" online auctions. Bidders are predominantly from the UK and mainland Europe. These developers have committed to sell to the highest bidder however low the final bid. It is a very strong buyer’s market right now.
Time may be running out however. With a presidential election right around the corner, all US markets are bound to experience a surge in confidence.
Find out how you can take advantage to obtain your Orlando dream home –
Call British Homes Group Today for help with purchasing or financing your Orlando area dream home!
