Menu

Shortage of Rentals Creates More Buyers

Rent or Buy?In South Florida in general and North Palm Beach County in particular, the shortage of annual and seasonal rentals creates more buyers. The local real estate market is in a state of “buyer-seller price equilibrium” where the properties are sold and purchased for fair market price agreed by both buyer and seller as a win-win situation without a win-loose or loose-win.

When prospective tenants search for months and months without success due to low supply and high demand of rental listings they are increasingly interested in buying a property. Many buyers are cash buyers but the mortgage rates are also remaining at historical lows. This is a very special time in the real estate cycle where both buyers and sellers can close a deal and both parties feel good about having made the right decision. 

About Susanna Grubb

Susanna can help you sell house in Jupiter or buy Jupiter homes for sale. Jupiter to Palm Beach real estate Florida waterfront homes, golf & country club homes, horse farms and beach condos. CITY: Jupiter Island, Jupiter Inlet Colony, Tequesta, Jupiter, Palm Beach Gardens, Singer Island - Palm Beach Florida homes. GOLF & COUNTRY CLUB HOMES: Admirals Cove, Ballenisles Country Club, Country Club at Mirasol, Frenchmans Reserve, Jonathans Landing, Jupiter Country Club, Jupiter Hills Club, Loxahatchee Club, Old Marsh Golf Club, Old Palm Golf Club and Tequesta Country Club.