Real Estate Offers Bargains and Long-term GrowthORLANDO, FL --- Turmoil in the stock markets could result in long-awaited gains in the real estate sector, says one prominent Florida real estate leader. Roger Soderstrom, (top right photo) founder and owner of Stirling Sotheby’s International Realty (http://www.stirlingsir.com/), said investors unhappy with stock market declines could well shift their investments to real estate.
“The turmoil currently taking place on Wall Street could create some opportunities for the real estate market,” Soderstrom said. “Uncertainty on Wall Street and declining stock values will motivate some investors to look at real estate once again as a safe haven for their capital. Real estate has always performed well over the long term.”
“Prices have dropped substantially over the past two years and motivated sellers are open to offers,” he said. “Soon, we will see more builder-owned and lender-owned properties coming to the market, and we expect they will be aggressively priced to sell.”When properties begin selling at prices substantially below their replacement cost, astute investors see substantial value, Soderstrom explained. Large investors are already roaming the Florida landscape for bargains.
“For the past four months large investment groups hunting for distressed values have been converging on Florida,” Soderstrom said. “Individual investors with solid credit h
ave the same opportunities as large investors, but are more like to acquire a single property.”(Bottom right photo is a Michigan industrial property, not part of Stirling Sotheby's portfolio and only used here for market illustration purposes.)
For more information, please contact:
Roger Soderstrom, Owner/Founder, Stirling Sotheby’s International Realty 407-588-1260
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142
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