If your waiting to buy a home in Key West for a price, you may have a pretty difficult time. At this point our inventory is very low, which generally creates a price increase. We have seen many properties sell this season and at this time have very few short sales or REOs available. I remember in 1999 when people sat back and said will just wait until the market comes down and it didn't, it kept shooting up, to where it was untouchable for most. Well now it isn't like that, although we are still expensive, it's more affordable, but that won't last.
If you are thinking of buying, some great tips to make it easier for you and your REALTOR,
would be to bring with you prequalifing letter from your bank or accountant. I learned my lesson with a customer who didn't have one and didn't have any idea what they could afford, although they bought a great house we discovered that when we went for financing, they could have spent a great deal more. Try to have a clear idea of what area you want to be in and what style you are looking for including the amount of bedrooms and baths. Remember Key West is
not like the place you live in, you will be buying something very different and generally not as large as your primary home. Remember also Key West is not a town governed by square ft price, as not two houses are the same or on the same size lots.
In another few days Iwill be posting some great new listings. In the meantime visit my Web site for current available and call me before you are ready to come down.
Cory Held
www.coryheldrealtor.com
305-240-0355
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I agree that key west properties pricing have come down a notch. But don't you think so we can still get good deals on key west real estate properties. It is like that kind of situation whether you can get best deals but can also get even better deals if we wait.
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