Originally Posted by jerryhartlein
Hi Slomotion and Harriet,
My project boat is in our pasture. The realestate market is still pretty good here and we hope to sell by next May. Trinidad sounds good. Is your boat there or here? Thanks for the input!!
Surprised to hear the real estate market is good in Gainesville or any other place in Florida
.... and I'm a Florida real estate broker! Hope your specific area is as you hope but overall in Florida we are continuing in a depressed market with very few warm spots... those being foreclosures and distressed sales.
Nation wide it is generally similar or worst. I would recommend you get a second opinion on value and the market conditions before you get too committed to your "dream" and its timing. You do not want to find yourself in the Motivated Seller bracket and end up only able to cover existing mortgages... if your lucky. Most of Florida is forecast
to have a very flat market with an over supply and long DOM's ( Days on Market). From state data... it appears the Gainesville market has a 17 month excess inventory now listed. Of course that is considering all single family
homes and not any specific property type/ land use type which can make a lot of difference.
Good luck but make sure your real estate plans can fit your other plans. Don't back yourself in a corner and be a distressed seller.