Vero Coastal Homes
                                                            Vero Beach Foreclosures & Short Sales

Vero Beach is the Most Under Valued Real Estate in the Nation!

    I have often expressed this opinion and will admit to a certain bias for Vero Beach!
    A recently published released study by IHS Global Insight, an economic research firm,
    confirms this opinion. The report highlighted several factors in attaining their rankings:

• Vero Beach home prices have dropped 29.7% on average since 2005
• The median Vero Beach home price has fallen to an affordable $125,400
• Income, housing density and historical prices compare favorably to U.S. 
  
  The potential for future appreciation is incredible when starting from a
  position of the most undervalued real estate market in the nation. Many
  who have  hesitated to take advantage of this market will look back on 2009
  as the year they should have bought a home, but waited too long.

     Most of the buyer activity I have seen recently is from investors who know
     Vero Beach homes for sale are a good investment. When you can buy a 3/2
     home for $100,000 and rent it for cash flow, it is time to buy.

     Investor purchases have made it more difficult for owner occupant buyers
     who do not act quickly enough to get the best deals. Typical buyers will
     begin looking for a home before pre-qualifying with a lender, and may not
     know what they can afford. Most sells want proof of funds or loan qualification.

     When a new listing is posted or a home price is reduced, if it's a great buy,
     it will often be under contract in a few days. This is especially true of homes
     that meet the investors criteria - a 3/2 under $125,000. If buyers are not
     prepared to act quickly, they will not get the best deals. I have seen this    
     scenario occur repeatedly, especially when buyers have unrealistic expectations 
     of purchase price. Sales price is typically 93% of list price.

   The following actions are essential to landing a great deal:                

•  Have "proof of funds" and/or a lender pre-qualification letter ready
•  Research prior sales in your price range and area of interest
•  Find a Real Estate Professional you trust and use their expertise

    The market is at the bottom now and interest rate increases are more of a factor
    in affordability for the near future. That "great deal" you have been waiting for is
    out there now or soon to be listed. Be prepared to act on it!