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Lake Wales Real Estate

Realtors:

Lake Wales tourism is growing and so is the Lake Wales property market. Dubbed the New Manhattan by the US property media. The Greater Lake Wales association of Realtors states that the Lake Wales property boom will add more than 100,000 homes to Lake Wales. Many of these Lake Wales properties are built with foreign buyers in mind. Exchange rates are favorable in Europe and with 28 per cent rises in prices in one year the time to buy Lake Wales property is now...


Discount on Lake Wales Condos
We have used a Lake Wales condo as an example here but these opportunities are going to exist in many places. As projects begin to close, especially in overbuilt areas having lots of investors that are ill prepared to close, that provides an excellent opportunity to find EXTREMELY motivated sellers. One trick to this, in my opinion, is to find those early projects in an area that are about to close since there is tons of equity that the seller can give up to the new investor if that new investor will just pay them some profit and not make them incur any additional expenses....


Get Ready to Buy Lake Wales Real Estate
First, how much you afford to pay for a Lake Wales home or condo? If you're not sure on the price range, find a reputable lender and get pre-approved for a mortgage. Pre-approval will help you know how much you can afford. Then you can look for Lake Wales homes and condos in the right price range. Getting pre-approved helps you to alleviate some of the anxieties that come with home buying. It's important to know exactly what you qualify for and at what rate, that you know how large your monthly mortgage payments will be, and that you know how much you will have for a down payment. Once you are pre-approved, you can avoid the frustration of finding homes and condos that you think are perfect, but are beyond your price range.....


Lake Wales Preconstruciton Investment Real Estate
If you’re the kind of investor that is looking for preconstruction investment real estate that you will be sure to sell at a whim’s notice AND bring you high rental income then perhaps you should look in Lake Wales. Lake Wales has long been a upper class vacation hot spot with it’s gorgeous Lakes, exciting nightlife, 5 star restaurants and hotels, and interesting mix of cultures. Although out of Las Vegas, Orlando, and Lake Wales - Lake Wales has been growing the longest which means prices have risen greatly over the last few years, but as long as you have preconstruction in mind this is still a great investment. Those of you that know Lake Wales know that it’s a seller’s market to say the least. Desirable properties usually only stay on the market for a few days and the price just keeps going higher and higher. For many Lake Wales residents, the chances of owning a upscale property in Lake Wales is slim to none simply because of the high price tag. This is the very reason why preconstruction investment properties are doing so well there. .....


Home Sellers Feature Failures Can Fizzle Buyers
The rise in home prices in the last four years have required homebuyers that are coupled to have two incomes and singles to work harder than ever to meet mortgage payments. These buyers are as choosy as never before when paying top-dollar for the American dream. Home sellers should be prepared to offer home features that appeal to these educated and savvy buyers.....


Strategies for a Transitioning 2006 Real Estate Market
Real estate consumers are the winners in the latest round of real estate bubble headlines. The media's focus offers information and opinion on markets and practices to the individual property owner and investor. Mark Nash residential real estate author of 1001 Tips for Buying and Selling a Home offers strategies for consumers on how to read signs of a softening market......



Lake Wales Home Sales Continue to Trend Upwards in 1Q

In the Lake Wales Metropolitan Statistical Area (MSA), sales of homes -- including existing single-family homes and condominiums -- increased 71 percent in the first quarter of 2011, from 3,450 to 5,910, and 26 percent from the previous quarter. This rise marks 11 consecutive quarters, since the third quarter of 2008, of increasing sales according to the Lake Wales Association of REALTORS and the Southeast Florida Multiple Listing Service.......