Why Real Estate Will Recover

Wendy and Elliot Koolik's View on why Real Estate will Recover
*As seen on the front page of Sun Sentinel's Home Spot*

Over the past year or so, the slow down in residential real estate sales has received considerable mention in the press, but Wendy and Elliot Koolik share an optimistic view on the future of the market. “Currently, buyers are motivated and sales are starting to accelerate. says Elliot Koolik. We have been busier with showings and have presented more offers to our sellers than in past months.”

According the to National Association of Realtors, pending home sales activity has surged as buyers are taking advantage of the affordable home prices and interest rates.

“What we’re seeing is the momentum of people taking advantage of the real estate market now that Amendment 1 has been passed and the rescue plan has been established.” says Wendy Koolik.

Since Amendment 1 was passed, Floridian’s have been taking advantage of the tax portability, while the rescue plan is giving the economy the closure it needed during the credit crisis. Also boosting the local real estate market, is the influx of interest and showings from foreign buyers due to the favorable exchange rates.

With the economy on its way to stabilizing and the government beginning to take control, the Koolik’s have chosen to take a positive view of the area’s real estate market. Our area is not only a tropical paradise, but it remains a favorite location for tourists to vacation and often invest in a first or second home.

Sellers are welcoming offers and willing to negotiate satisfactory deals while buyers are putting more cash down to offset loan rates while maintaining excellent tax deductions. The move is “on” in the real estate sector once more.

“Right now, it’s time for a change. says Elliot Koolik. With elections in the coming days, there is not doubt that the US economy is going to begin to see, hear and feel changes all around us and I believe it will all be for the better.”