Even though uncertainty exist throughout the world, real estate is primed for a comeback. What most people don’t know ui that real estate is emerging as sure thing.
Only a couple of years ago real estate seemed the biggest gamble in town. We have seen recently, especially for those looking for high end deals, an increase in those looking at real estate in a different light. Dare I say it,maybe a sure thing.
A new property management client of Carolina Living Property Management is a General in the Air Force with 3 years until retirement. He just purchased a beautiful home on Lake Norman that has tax value around 1 million and he purchased it for approximately 300K less than what these homes traditionally sell for. He has decided to rent because the rental market is so strong and the deal he was able to get was too good to pass up.
Quite a few buyers took advantage of this situation as uncertainty grew in the stock market.
All of the factors affected 2011 in a positive way with regard to real estate and point to an even better 2012. Already in 2012, Carolina Living has had several closings in what is considered the high end market. This is a good sign for things to come.
To support this data, the Institute of Luxury Home Marketing conducted a survey of U.S. agents that work in the luxury market and it is showed a better than 75% increase in activity in 2011 to 2010.
It is predicted the we will see even more high end properties become distressed sales as owners choose strategic default or lose their home to foreclosure. Sadly one persons heartache can offer another’s opportunity.
We are betting that 2012 becomes even better on 2011. For this reason we have created two very important websites that give our savvy buyers a place to shop.
