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Welcome to the Fairhomes Land Investor Information website. Please read the information carefully before using this site. By continuing on this site you acknowledge that you have read and agreed to the following: Forward Looking Statements – Statements prepared by Fairhomes Land and made on the Fairhomes Land Investor Information website that are not historical facts are forward looking statements as defined in the Private Securities Litigation Reform Act of 1995. For the purpose of establishing the Seller’s compliance with Federal Interstate Land Sale Full Disclosure Act 15 USC 1701 (“ILSA”) in the sale of lots to buyers, the enquirer confirms that they are a builder, investor or developer licensed to do business in the state of Florida and is engaged in a bona fide land sale business and is purchasing the property for the sole purpose of either constructing a residential home or selling the same in the normal course of its business. The enquirer further represents and warrants to the Seller that the enquirer is in the above referenced business sale of land sales and/or building residential homes and selling the same as an activity of continuity, regularity and permanency. The enquirer is a knowledgeable and sophisticated investor, developer or builder of real estate properties.
Tel: +1 (905) 415-9267 or +350 200 400 48

High demand and low inventory puts sellers at advantage

19th Apr, 2013back

Forget the age-old realtor's catchphrase about now being the time to buy; Florida Realtors chief economist John Tuccillo puts sellers in the driving seat of the current real estate market, claiming that now is actually the time to sell.

 

Speaking about Florida's housing recovery during the Top Producers Forum at the Gainesville-Alachua County Association of Realtors office, Tuccillo explained how home owners in Florida are in the perfect position to sell while inventory is low and demand is high; from a 25-month supply in 2008, the current five-month supply is driving up prices and causing bidding wars to break out across the state. 

 

He also explained, however, that the inventory is likely to rise throughout 2013 and continue into 2014. When the figure reaches a 5.5-month supply - the number deemed to represent a balanced market - the position of sellers will be weakened.

 

Tuccillo said: "If you can get your clients to beat that, they're in an even better position." He claimed that the ongoing rise in employment in Florida is an indicator that the real estate market will continue on its road to recovery; however, he did also note: "One big snag here is the fact that lending terms right now for ordinary people are more stringent than they were in 2000." This has resulted in cash sales having increased from 20% of the buyers market in 2008 to the 50% seen today.

 

Unlike the investors in 2008 who looked to financially gain from fast-paced flipping, today's investors are buying and renovating cut-price properties to release for rental and sell when the market offers an attractive return on investment.

Between 1976 and 2006 the value of building plots in Florida rose from an average of $15,000 to $250,000

The Lincoln Institute of Land Policy