Florida Ranks Highest In FSBO Market

It's no surprise that Florida tops yet another category of the drowning real estate market among foreclosures. With sixty-seven counties in the state known for its sunshine, Florida is one of the top places for another type of real estate, FSBOs.

As Florida's market increases, homeowners are finding other ways to buy or sell real estate without spending a fortune to do so. The state currently has more than 7,601 "For sale by Owner" properties on the market, topping the rest of the nation. It looks like everywhere you look you see a home with a "for sale by owner" sign out in the front yard.

So why so many FSBO's in the Sunshine State you ask? Well, can you really blame residents of the state for not wanting to sell their homes on their own? The prices of real estate in some parts of Florida are some of the most expensive you can find, especially for median income families.

I looked up listings in Florida and noticed a 2 / 1.5 condo in one of the most dangerous looking neighborhoods in Miami I have ever seen, going for $ 270,000. Yes, I said $ 270,000 for a 2 / 1.5. Then I checked out Daytona Beach and found a 2/2 condo going for $ 340,000. This listing showed pictures of an interior that looked like the insides of a warehouse.

Whether the real estate market is tumbling or not, Floridians have had to do the-it-yourself mentality. Homeowners have lost so much money in this market that they are willing to do whatever it takes to get in or out of a home without losing money money from their investment.

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Source by Karim El Sheikh