Are high prices making it tough to get real estate deals done?

On Behalf of | Feb 2, 2023 | Real Estate Law |

Buying or selling a house can be an exciting time and, depending on the local real estate market, it can be stressful too. Make no mistake—buying or selling a house can be one of the largest and most consequential financial transactions that any Florida resident might be a part of. That’s why it is smart to listen to the news about the local and statewide real estate market before you jump into it.

According to one recent report, the affordability of housing in Florida is causing some buyers to question the market and consider that it might be too “tough” to move into or around the state. High residential real estate prices are, in fact, expected to be an issue for buyers for quite some time to come. At the present time, according to the recent report, only certain types of buyers might be able to find their desired homes in Florida—buyers who might only include those with higher incomes.

Evaluating your deal

There is no doubt that the selling price of residential real estate can often be the “be all and end all,” of a real estate transaction. Other important points might come up, of course, but that final selling price is crucial. For buyers who are getting into a “seller’s market,” that price point is likely to be elevated. In such a situation, buyers might ask themselves, “Am I getting a fair deal”?

These types of questions, among others, are all part of evaluating a real estate deal. You may feel like you’re covered by having a good real estate agent, but having a good real estate attorney can be essential as well. The fine points of a transaction must be scrutinized to make sure you are getting a fair deal.