Life is good in SW Florida – real estate, palm trees, beaches and more!
As a Florida real estate lawyer and business owner for more than 25 years, I have seen and experienced an unusual amount of economic turbulence over the last twenty five years – we all have. We have seen “Black Monday” in October of 1988, the recession of the early nineties, the dot.com boom and bust period from around 1995 – 2000, the short recession and September 11th attacks in 2001, the period of the real estate bubble and crash from around 2000 – 2005, the period of the long lasting “Great Recession” financial crisis from around 2007 – 2010, and most recently, although it has been over 5 years since it began, the Covid crisis that reared its ugly head in 2020.
Well, the good news is that over the past 5 years, although not perfect, things have been quite a bit better than those periods mentioned above.
1. The real estate market in the area has stabilized and we are getting back to the point where there is sufficient inventory to meet demand giving both sellers and buyers a good opportunity to enter into a fair and reasonable deal.
2. Builders have been building a lot of new homes and offering them for sale at attractive prices so people once again have the option of buying a new home in a nice new subdivision development with many top-notch amenities.
3. Interest rates, although not as low as they were post-pandemic, have stabilized somewhat. Many builders are offering lower rates to those buying new construction homes in their community.
4. Florida has been consistently ranked in the top 10 best States in which to seek shelter from taxes.
5. Florida consistently ranks in the top 10 best States as having the best tax climate for businesses.
6. And I am sure this comes as no surprise but Florida cities always pepper the top places to retire list year after year.
Now if these things aren’t reason to feel good about buying property in Florida, I don’t know what is. At Gold Key Title, LC, we have had the pleasure of providing real estate closing services from the contract to the closing for many years. As a Florida native and attorney owner, operator, it is my pleasure to give you the benefit of my knowledge, education and experience when assisting you with all of the service that are needed to safely sell, purchase and finance Florida real estate. We offer the full line of real estate settlement services including negotiating and preparing a contract for sale and purchase, providing escrow and settlement services, preparing and coordinating the execution of all documents appropriate to accomplish the closing, collecting and disbursing all monies, performing a title search, examining all instruments of title, issuing title insurance and much more.
Please call us today at 941-795-5775 to find out how we can help you. We look forward to talking with you.
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