Is Now Really the time to Buy ?

People ask me this question every day. Buyers want to know if the market is picking up and if now is the right time to buy Florida real estate. To give the most professional and helpful answer I need to understand who the Buyer is. If the Buyer is a real estate investor then it is very difficult to give a fair and honest answer. Historically, the Longboat Key area had always been enjoyed by primary homeowners, long-term vacationers and second-home owners. The short-term real estate investor came onto the scene mainly around 2004/5 ; they were looking to make quick profits by purchasing and selling quickly in a rising market. For those investor buyers, we may be at a bottom but I cannot say we are in a quickly rising market. If on the other hand you are a long-term buyer, the kind of buyer we have been used to on Longboat Key, then most certainly now is the time to buy. If you wait you will certainly miss out. You will not only be spending more but it will also limit your choices; you may miss out on the property you found when you decide you are ready for your purchase.