Do Hollywood, Lighthouse Point and Fort Lauderdale homeowners stand a chance in selling their homes, against the flood of new homes and luxury condos coming to the market?
While the pace of new foreclosures and mortgage defaults in South Florida continue to be debated, new homes and condos appear to be flying off the market at an unbelievable rate. At the same time existing homes don’t seem to be getting near the attention.
From GL Homes holding lotteries for the right to make offers on new homes in Delray Beach, to condo and townhouse conversions in Boca Raton, and on Fort Lauderdale beach, as well as multi-million dollar pre-construction condos in Miami, it is easy to see where the government and qualified buyers are wanting to put their money.
They want shiny new units and buildings, regardless of the price and value. Meanwhile many foreclosures and distressed properties sit on the market. They are not only hampered by South Florida buyers’ appetite for luxury and shiny new things, but what mortgage lenders will loan on to.
So what do you do if you have a condo, townhouse, or home in Hollywood, Fort Lauderdale, or Lighthouse Point you really need or want to sell? What if you don’t have the luxury of many months and endless cash to pour into fabulous renovations and marketing to find a buyer?
Fortunately, there are those like QuickCash2Sell that have the cash to purchase these homes fast and will do their own fixing up after they buy. They can be a lot easier to deal with than retail buyers that will nitpick you for carpet colors and chipped paint too.