Looking Ahead to 2011

I recently handled a transaction in Fort Myers that I think is very interesting. I had a client with a limited budget that needed to purchase a home for herself. We spent several weeks (4) sorting through the myriad of short sales & Foreclosures and ended up making an offer on a 3/2 1400 sq. ft. Short Sale. What was interesting that while we were waiting to close on the short sale (nearly 2 months) I watched the Lee County market change drastically. What was once an abundant short sale & foreclosure market dried up and supply became minimal. Investors & First Time Buyers were gobbling up property like pop corn. Now I am watching property values there recovering. Lee County started the trend in Florida and I look for it to start spreading as the market is showing signs of recovery on pre-owned homes. In Polk County the signs are there for a marked recovery in 2011. I plan to monitor this progress. Since I now write these articles on a weekly basis I am now posting them regularly on my blog at AdvantageRECInc.com. Feel free to sign in as a follower and I would welcome your thoughts and comments. Also the articles appear ahead of publication in the Ledger.