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Investment Planning
Is the Florida housing market still a smart investment for 2022? Based on the most recent reports, the answer is a resounding “Yes!” with tight inventory keeping housing prices high in the state high.It’s true that Florida has one of the hottest real estate markets in the country, and for good reason. The state is bordered by the Gulf of Mexico, the Atlantic Ocean.Florida is an international tourist destination with year-round sunshine (earning the state its nickname “The Sunshine State”) with world-class theme parks. The economy is dynamic and diverse, with dozens of global business headquarters and a government that is both pro-business and pro-development.
Buying Real Estate
You’ll often hear that buying a home is a good long-term investment for two key reasons: appreciation and home equity. The former is pretty easy to explain: residential real estate values tend to increase over time, so when you eventually sell your home, the hope is that it’ll go for more than you paid for it and you’ll make a tidy profit.
Home equity, on the other hand, is the current market value of your home, minus the amount you owe on your mortgage. In other words, it’s the portion of your home that you’ve fully paid off and is truly yours. When the value of your home goes up, so does your home equity.
Selling Real Estate
Selling your home can be one of the best moves you’ll do. Housing is consistently in high demand, with few homeowners ready to sell.Selling your home can be the decision of a lifetime. You can get good value out of your home.Whether you’re preparing to sell your home or you don’t want prep at all, one crucial detail you need to consider is your home’s equity. You want to gain some equity to buy your next home and get something more suitable than what you already have. Selling now can get you solid value on your home and get a good profit margin.
You’re also setting yourself up with enough equity to cover your next home. Whether you’re downsizing or going for a home fit for a larger family, you should be able to cover that and get a little extra on the side now that you’re getting started.