We are still fairly deep in the housing market crash and it seems that it won’t be ending anytime soon. All the news we hear these days deals with prices dropping lower, foreclosures continuing, homes underwater, and the continued high unemployment rate. It seems like chaos out there, but in chaos lies opportunity.
So where’s the opportunity in all of this? Well, right now is a great time to buy a home or condominium. With sale prices continuing to drop, potential buyers need to take advantage of the current market condition.
This drop in prices seems like its going to continue for some time. This trend is likely to continue because of the amount of homes that are a part of shadow inventory, which are homes that are in the early phases of the foreclosure process or have already been repossessed, but have yet to placed for resale.
If you’re looking into purchasing a home or condo, don’t just look here in South Florida.
A great place to look right now is at the Bimini Bay Resort and Marina. Located in the Bahamas and just a short boat trip from Miami, it was recently recognized by the Miami New Times as the Best Day Trip in Miami for its 2011 Best of Miami issue. Paradise is just a day trip away!
If you are interested in purchasing property in Bimini Bay, please contact our office today as we could assist you in this transaction.
At Alvarez & Barbara LLP, we have extensive experience handling all types of real estate issues. We can handle all aspects of your real estate transaction. A major part of our practice includes real estate litigation as well. So, whatever real estate legal issue you’re facing think of Alvarez & Barbara, LLP.
About the Author – Gabriel de las Salas is an attorney with the law firm of Alvarez & Barbara, LLP. His practice is focused on general civil and commercial litigation, including personal injury, insurance claims and real estate disputes. Mr. de las Salas received his B.A., cum laude, from the University of Florida, and his J.D., from Stetson University College of Law.