Myths & Truths
About The Florida Market
Due to the recent hurricane activity it is
difficult and very expensive to insure a home in
Myth
This is true for older homes that are not built to hurricane standards. Insurance for new homes is readily available at very reasonable rates
Myth
Only one major hurricane made landfall in South
West Florida in the last 40 years.
People are moving out of the area due to hurricanes and high Insurance rates.
Myth
People are continuing to migrate to South West
Florida over 10.000 people a year are moving to
The Real Estate market in South West Florida has slowed down dramatically and prices have fallen.
Truth
Excessive building has caused the market to collapse, prices in some cases are down as
much as 50%.
It will take years for the existing inventory to be used up.
Truth
However aggressively priced homes (such as foreclosures) are being snapped up by savvy buyers. The foreclosure inventory will not last long.
It is very difficult to obtain financing.
Myth
There are many good financing options for buyers with good credit.