One of the questions you will ask yourself as you are shopping for a home is, “How likely is it that I will be able to sell this house at a profit?”
This is a wise question to ponder even if you are planning to stay in your home for the long term. You never know where life will take you.
Owners Least Likely to Recover Losses on Sales of Their Homes
If you are buying a home in South Florida, you will be happy to learn that you may be in great shape. A Redfin study found that Fort Lauderdale is one of the cities in the country where homeowners are least likely to sell at a loss.
Redfin says, “Homeowners were least likely to sell at a loss in San Diego, Boston, Providence, RI, Kansas City, MO and Fort Lauderdale, FL. In each of those metros, roughly 1% of homes sold for less than the seller originally paid.”
Of course, we do not know what the future will bring, especially for those who plan to live in their homes for decades. But at least in the present economy, Fort Lauderdale looks to be a great area for purchasing a home.
A healthy real estate market is not the only boon that comes with living in Fort Lauderdale either. Residents in this area get to enjoy beaches, shopping, cruises, and of course, the Everglades.
Purchase a Home in Fort Lauderdale
Searching for a competitive mortgage to help you buy a home in Fort Lauderdale? PLC can help you with home purchase or refinance in Fort Lauderdale or anywhere else in Florida. If you are ready to apply, please give us a call now at 954-840-8811 to schedule your consultation. We look forward to getting you into your new home.