There’s Just Not Enough Homes for Sale in Florida

Rick Foxx, CEO of Foxx and Associates LLC, has announced the release of his fourth book: “How to Buy a Home in Florida - Your Seven Steps to Buying a Home in Florida.”

Promising to bring clarity to to what can be a confusing subject, “How to Buy a Home in Florida” distills the process down to seven easy-to-follow steps that end with the move-in process to your new home in the Sunshine State.

Foxx said: “The low inventory of Florida homes for sale, coupled with the recent interest rate hikes, have gotten a lot of my clients frustrated with the entire process. Clients are wanting to buy, but just can’t seem to get a home in contract. This book was written to help everyone understand the process, and make getting into contract a LOT easier.”

Florida has been suffering in a severe housing shortage since 2019, which started with an exodus of buyer’s coming from northern and other “locked-down” states during the pandemic. Buyers have been engaging in bidding wars and many properties have sold well over list price, in some cases, hundreds of thousands of dollars over list price.

On top of the inventory shortage, there has been a huge increase in the number of Realtors and Mortgage Loan Officers, who are often new to the business and inexperienced.

“Lack of experience and local knowledge are one of the main factors frustrating Buyers in Florida. If your agent started in the last couple years and your Mortgage Loan Officer was selling cars pre-pandemic, you have a recipe for Disaster,” says Foxx. “Finding a great agent, and a great mortgage person, is half the battle in my opinion. This book shows folks EXACTLY how to get both.”

“How to Buy a Home in Florida” (https://amzn.to/3u1F3cX) is written in concise, easy to understand language, and simplifies the home-buying process down to seven steps. Additionally, the book is written specifically for Florida, where Rick Foxx has been involved with Real Estate and Mortgages for over 20 years.

The book is called “How to Buy a Home in Florida” for a reason,” Foxx said. ”If you’re looking in Wyoming, this isn’t the book for you. Florida has a specific contract to use, and a number of other things you need to know that don’t apply to other states.”

“And you should find Real Estate professionals in Florida that know the business inside and out - why would you agree to be some agent or loan officer’s first deal, or even 20th deal?” Foxx is absolutely adamant about hiring an experienced team to assist you:

“Agents and mortgage Loan Officers need a minimum of 50 closings before you should even consider hiring them, especially for one of the most expensive decisions of your life. The state-required education is no substitute for experience, and you should demand your agent and mortgage officer have plenty of closed files. Why settle for less!” he exclaimed.

Home inventory is still tight by historical measures, but more homes are slowly coming onto the market.

Higher interest rates are making some seller’s reduce prices, and some buyer’s have been pushed out of the market by the rising rates. ”Overall, inventory of homes tends to level itself out,” said Foxx. “Buyer’s just need to be persisitent, and not give up their home search. We are seeing more homes coming on to the market, and buyer’s are getting into contract again.”

Rick Foxx is a 27 year veteran of the Real Estate and Mortgage business, and the founder of the Foxx family of companies, which include Foxx and Associates LLC (Real Estate) www.foxxandassociates.com, Foxx Mortgage (mortgages) www.foxxmortgage.com and Florida’s Reverse Mortgage Center (Reverse Mortgages)

“How to Buy a Home in Florida” is available digitally (FREE until 7/1/2022) and in paperback on Amazon link : https://amzn.to/3u1F3cX

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Lewis Michaelsson

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Foxx and Associates LLC

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