It goes without saying that South Florida is home to some of the nicest beaches in the country. This is why so many people choose South Florida to either retire to or own a second home. From the tropical climate and beautiful beaches to the diverse culture with no state income tax, South Florida offers the very best in resort style living. There is a reason why so many residents here claim that “we live where you vacation”.
Needless to say, the COVID-19 pandemic has changed the way the entire world operates now. In real estate, we are even noticing significant trends with people moving to the suburbs or into larger single-family homes. Given the current social distancing guidelines implemented now and for the foreseeable future, it makes sense that many people are shifting their focus towards the single-family market. After all, if more and more people will be working from home, it makes complete sense to find more space.
However, we would urge you to think bigger for a moment. For example, although the pandemic has dramatically changed things, it will not last forever. While we do not know how long the pandemic will last, the scientific community is fairly certain that effective vaccines & therapeutics will be developed in the not too distant future. In addition, mortgage rates are at historically low levels thus strengthening buying power. While most of the population is focused on the single-family home market, this could very well present an excellent opportunity to finally realize your dream of living on the ocean. Whether it is a relocation to South Florida, an upgrade to your primary home, or a second home, this could be an opportune time. From a simple supply and demand perspective, we know that there is only a finite amount of oceanfront or waterfront property available. Therefore with time, this demand will continue to grow. As a matter of fact, just the amount of people moving to South Florida from Northeast states such as New York is enough to bring the demand to record levels.
Are you ready to buy your slice of paradise? At Live South Florida Realty, Inc., we specialize in the waterfront market and have assisted many with realizing their dreams of living on the water! Whether it is in Palm Beach, Broward, or Dade Counties, we are ready to assist you! After all, once you live on the water you will never want to get off of it!
