Shark fest

There is a strong smell of blood in the water on the Gulf Coast of Florida.

And the sharks have begun to follow the trail ready to devour their prey.

In this case the blood is red ink from flippers, investors, mortgage companies and banks all struggling in the deep end of the pool of a very strong buyer's market.

For those true investors, the ones that know that real estate is a long term investment, they are starting to tear into the market.

They are tearing chunks out of the supply of waterfront properties for instance and know that the deals on the market now may not return for a long time.

These investors are the true hunters in the real estate waters. They knew not to invest in the hot market but wait for the fallout.

A word of caution for those waiting on the buyers beach trying to guess the bottom of the market. Those property owners bleeding red ink now were trying to guess the top of the market.

All the best
Greg Owens PA
Keller Williams Realty of Greater Manatee
941.779.5149