Did you know that for every $100 you had spent on a home during the early 1950s, it increased in value every until it peaked at an equivalent value of around $192 in value by 2006? That's adjusting for inflation, of course. But it's near the end of 2008, and home values have passed their peak and are still in free-fall some two years later. But, that isn't the case everywhere in the country. In some places, such as parts of Texas, home values have actually rebounded and are climbing just a little, or are holding stable at or near their former peaks. This makes a Texas short sale a likely bet. You can take advantage of that likely bet by becoming a Certified Short Sale Specialist. The best way that I've found to get this certification is to visit the website of the Frontline Companies: http://www.frontlineseminars.com/. If you take the Frontline Companies' CSSS course, you'll know when you go to other regions where home values have shrunk by as much 25% what to buy, what to pass on and what you should scoop up and warehouse until it's valuable again. And that's why you should avoid a short sale Florida deal for now. Personally, I would give a Florida short sale a wide berth for another year to two years, because by then prices will have bottomed out and a short sale Florida purchase will have shrunk quite a bit from its peak price, especially in desirable areas like Miami Beach, Tampa, and other wealthy neighborhoods. So hold off on that Florida short sale, at least for now. See, if you'd taken the Frontline Companies' Short Sale Specialist Certification class, you'd already know this.
If you look at the real estate picture elsewhere, notably the Northwest, you'll find the view of real estate markets pretty bleak as more layoffs and factory closings occur. I think you'll agree when I say that a Michigan short sale transaction is not a bargain even though home prices in places like Detroit are at record lows. Since the value of a Michigan short sale is inextricably intertwined with the fate of the auto industry, the relative value of a Michigan short sale is in free fall until the auto industry learns if there is some kind of bailout in the offing, or if the Big Three automakers will be allowed to go bankrupt, which will throw thousands of people out of work and could endanger the pensions and health care plans of many more thousands of retirees. In my opinion, a Michigan short sale deal is a must to avoid, even more so than a Florida short sale, which could regain some of its value much more quickly, even decades more quickly. At this point, a short sale Texas purchase looks like the best deal of all. But don't just take my word for it. Visit the Frontline Companies website and in no time you'll be wheeling and dealing in short sale Florida real estate like an old pro.
