Selling a short-term rental property in South Florida

The session also focused on the approaches Realtors can use to attract investors interested in purchasing a short-term rental property. Thomas said a thorough understanding of the local laws, pitfalls, expenses and opportunity will go a long way in building trust with investor clients. A buyer shouldn't be surprised by any local fees and taxes a short-term rental owner must pay.

"Make sure they understand that they may have to buy in areas that are more expensive for the potential for a higher yield," said Thomas. "Ask clients what they want to achieve and help deliver on it."

Even with the potential dangers and expenses involved, the panel all agreed that being a short-term rental owner can

It is a Good Time to be Buying or Selling a South Florida Condo

Additional findings from Fannie Mae’s HPSI October reading

• 31% of Americans say it is a good time to buy a house, a 2 percentage point month-over-month increase. Still, the share who says it is a good time to buy remains at an all-time survey low.
• 19% of Americans say it is a good time to sell, a 4 percentage point month-over-month increase and 1 percentage point away from an all-time survey high reached in July.
• 31% of Americans say that home prices will rise, a drop of 3 percentage points from the previous month.
• 45% of Americans believe that mortgage rates will drop over the next 12 months.
• 69% of Americans say they are not concerned with losing their job, a drop of 1