When interest rates and property prices drop many renters start to wonder – ”will be this the right time to become a homeowner instead of a renter?” This is the biggest question for many residents of Miami in these days, and since property prices and interest rates went down, in many cases buying can be a better choice.
The prices of properties in South Florida are being affected by the big number of short sales and foreclosures; making homes more affordable for investors and home buyers.
These days, international investors are putting their eyes in Miami as one of the best real estate investment places in the world; many of them are using cash instead of financing to accelerate the closing process.
So this might be a big opportunity for Miami renters to become homeowners. The price of properties and the interest in the banks are at their lowest point in many years. Home buyers and investors can search for properties at www.MiamiRealEstateListings.org.
It is a buyer’s market, all the condition are on the buyer’s side, interest rates and property prices are at their lowest in years. With foreclosures and short sales everywhere, this is a great opportunity for investors and home buyers to take advantage of it before the market changes and prices rise.