So, you think you’ve found your South Florida dream home? It’s an impressive property that’s within budget and checks all your boxes. Did you hit the homebuyer jackpot, or are there red flags you’re overlooking?
So, you think you’ve found your South Florida dream home? It’s an impressive property that’s within budget and checks all your boxes. Did you hit the homebuyer jackpot, or are there red flags you’re overlooking?
Although people are quick to compare the 2008 global financial crisis – that originated in the property market – to the current COVID-19 downturn, experts have come to the consensus that the housing market will not be impacted the same way. In this case, short-term pain means undervalued assets, which in turn will produce long-term gains. So then, is COVID-19 a great opportunity to buy an investment property? Absolutely. Now is the time to invest. However, in order to do so successfully, one will need a well thought out plan, critical thinking skills, a healthy degree of liquidity, and a decent comprehension of the highest return market.