Jacksonville Homes rank as a Top 5 for best deals in the country!
Check out this video! This is one of the leading experts in the real estate world, Barbara Corcoran, talking about the top 5 best places to get a good deal in the country in a good location.
In the report she states that Jacksonville homes have seen a nearly 50% drop in value from 2008 numbers driven by one of the highest foreclosure rates in the country. She's right, the values have dropped considerably from the over-inflated values of yesterday.
Realistically, most home owners in Jacksonville are coming to terms with the value of their home. It's less than last year.....especially if your neighborhood has many homes that are selling for bank pricing.
Two distinct rules that will hold value better than just about anything else available in real estate:
- Location: This has been the biggest rule in real estate that we all have been taught. When buying, buy location. Many failed at this with the lure of "Bigger better house, not so good location". Of course, ask anyone how they like living in _________, and they will tell you its the best location. However, you know what is good and not so good.
- Waterfront: Really, just a subset of rule #1. Waterfront homes are always in demand. It's highly attractive to just about everyone. It provides lifelong fun, activity, social, and a lifestyle that only a few will ever have the chance to experience.
- BONUS Rule: Great location and Waterfront. If you have the means, buy it before someone else does!
Thank you in advance for Sharing!
Give us a call at 904-234-5196 if we can help you buy or sell real estate in Jacksonville, FL.
Leave a Comment
Listing information last updated on October 22nd, 2019 at 7:23pm EDT.