Thorough due diligence is crucial for commercial real estate buyers in Florida who wish to avoid costly mistakes, and taking care of the issues raised by these inquiries early in the transaction process can save both time and money. A due diligence period gives buyers the time they need to inspect properties and check out the claims made by sellers, and purchasers may back out of deals or negotiate more attractive terms when their efforts reveal building defects or uncover irregularities in financial documents.
Buying a home is a milestone for both civilians and members of the military. Just like civilians who travel a lot for work, those who are stationed in Florida or elsewhere may need to take their job into account when timing their home purchase. This is because a person in the military may be ordered to another base or deployed with little or no warning.
Floridians who wish to buy homes may be interested in learning that many properties in the country's biggest housing markets are considered to be overvalued. While demand is up for homes, the housing market has weakened because the rising prices have made it almost unaffordable to buy a home in many regions.
The National Association of Realtors reported that the pending home sales index was .8 percent lower in July 2017. Year over year, the index fell 1.3 percent. The lower index numbers suggest that supply has lessened in the residential real estate market. In Florida and across the United States, 1.92 million homes were listed for sale in July 2017. This was a year-over-year drop of 9 percent.