Guy Riordan Reports Buyer's Market in Florida

June 29, 2011
Top Quote A licensed realtor at IBR Realty, Guy Riordan maintains that now is the time to buy real estate in Florida. According to the Marco Island realtor, real estate is still a good investment in a portfolio. Guy Riordan is a forty-year veteran of real estate investment. End Quote
  • Miami, FL (1888PressRelease) June 29, 2011 - While the downturn in real estate has been especially tough in Florida, Guy Riordan reports that real estate in the Sunshine State remains a great investment. "Many investors are pondering whether or not they should invest," says Guy Riordan. The answer to that question, asserts Guy Riordan, is an overwhelming, yes. "Some investors, I don't mean this harshly, but typically the little guys, follow a herd mentality," explains Riordan. While it may seem safer to wait for a significant upward move in the market cycle of stocks or real estate, it is not always wise. "Earning an income, making money, requires vision and the ability to ride the crest of a wave, not be in the middle of it," says Guy Riordan.

    Sales of real estate, according to Florida realtor Guy Riordan, are closing at 2003 prices and lower. "Prices are distressed but markets turn around," states Guy Riordan. And as the typical mantra goes, Guy Riordan points out that the time to buy is when the prices are lowest. Riordan notes that the economy is slowly turning around. "We see unemployment improving and distressed sellers will start working out of the market," says Guy Riordan. This in turn, believes the forty year veteran of real estate, will decrease inventories.

    "For some smart investors who have wanted to own a second home, now could very well be the time," reports Guy Riordan. A crucial element for return on an investment property, says Guy Riordan, is another old adage, "buy low, and sell high." According to the real estate veteran, the numbers say it all. "Currently an investment in the S&P 500 has a five year average return of 2.25% and a ten year average return of 2.35%," reports Guy Riordan. The numbers given were as of June 1, 2011, according to Riordan.

    While most brokerage firms will not allow real estate in an investment portfolio, notes Guy Riordan, there are other options. "Certain Trust companies will allow such a real estate investment," explains Riordan. As well, those who invest their monies in the traditional 401K and individual retirement account (IRA) may find "real estate a rewarding investment," points out Guy Riordan.

    For Marco Island Real Estate professional Guy Riordan, bottom line is important. "And the bottom line is that real estate is still a potentially good and strong investment," concludes Guy Riordan.

    For more information on such potential investments that Guy Riordan is describing go to www.marcowaterfrontproperties.com. In addition, individuals can contact Guy Riordan directly at: 953 North Collier Blvd., Marco Island, FL 34145 or by email at: info ( @ ) guyriordan dot com

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