Florida Home Investors Ready To Cash Out!
Posted: January 10, 2015 | Source: www.heraldtribune.comAccording to the Sarasota Herald-Tribune, investors who scooped up cheap Florida homes during the real estate crash may be ready to cash in on Florida’s recovery. According to a RealtyTrac executive, average Florida home equity gains since 2012 are more than 20 percent; sometimes much higher. Based on a 2013 investigation by the Herald-Tribune, institutional investors have been driving up Florida home prices buying “some Sarasota homes for a markup of 275 percent from the previous price just months earlier.†Higher prices and low inventory will likely make 2015 a good time to sell.