Buying Real Estate in Clearwater, Florida

This is actually a very good time to buy real estate in Clearwater, Florida. Pricing has come down up to 25.


Buyers of real estate are always skiddish when they believe prices are going to drop even lower. That is understandable, but keep this in mind: when sellers find out that the bottom has been reached and prices are starting to rise again - they will not be very willing to take a bit hit on their price.


One major difference between buyng real estate in a buyer's market and buying stocks - you can always bid lower than the asking price. I have seen a seller with an asking price of 1 million, accept 790K. Real estate is really a market driven commodity.


In Clearwater, Florida it is no different. Now is an excellent time to grab a piece of Clearwater Beach. There are so many properties for sale - you can almost name your price.


Here is another real example: I know someone well that has a condo for sale in the luxury Belle Harbor on Clearwater Beach. The condo next to hers was purchased about 2 years ago for 1.4M. The view on that one was somewhat better, so he figured his was worth 1.2-1.3M. He started trying to sell it for about 1M about 1 year ago. Now he is down to 712K and will probably take less.


I hope you see that now is a much better time to buy real estate than stocks. The stock market is not likely to go up another 20% in the next year or two. Real estate really can if you buy low enough

Sheldon Goldberg is the CEO of Dream Realty - a Clearwater, Florida based real estate company.

Clearwater Real Estate