The current market is providing a buying environment that is more like a “Buy 1 and get 1 FREE” offer more normally associated with our weekly supermarket shopping!
If you are extra careful by heeding some good sound professional advice as to what and where you should buy, today you can also take FULL advantage of the conditions and find yourself an absolute real bargain!
The recent slowdown in US real estate has created some unbelievable low priced purchase opportunities that in my opinion will never be repeated.
I have been actively involved in Florida real estate sales since the mid 80’s and as such have personally experienced several different kinds of markets, yet none that I have seen provided buyers with such a great opportunity for a savvy investment as this one!
Consider that a US realtor with MLS board membership such as my firm, has access to sell ALL listed property for sale, plus they can act for a buyer with a duty of care and yet their fee is paid by the title company after collection from the seller and it becomes clear that the US market is indeed a very different one from its UK counterpart.
Following is a small sampler of what is currently on offer in Orlando Florida and you will see precisely what I mean about the current buying value;
From £90,000 we can find New Luxury 2 to 4 beds 2 bath 1,200 to 1,600 square ft homes in a resort community all having short or long- term rental use approval located just 5 minutes from Disney.
From £130,000 New Detached 3 and 4 bed 2 and 3 bath villas with own pool 10 mins from Disney
£150,000 Resale A 5 year old 2,500 square ft Detached 5 bed - 3.5 bath villa with pool just 15 minutes from Disney
Furthermore loans are relatively easy to obtain; we can introduce potential buyers to specialist mortgage brokers who normally can arrange 80% mortgages for foreign nationals with 30-year terms.
Most loans will have no pre-payment penalties arising and there will be a variety of fixed 1 3 5 and 7 year adjustable rate loans to choose from. There is a further bonus too; there are some mortgages that can be fixed at a Sterling exchange rate and so those acting NOW can also take full advantage of the great current £ to $ exchange rate conditions!!!!
As an alternative to buying a home in Florida, some of you may wish to invest in land that is located in the mountains and lakes of Tennessee; here prices start from around £25,000 for a large tract that could be possibly sub divided at a later date or may be a brand new home in Panama in Central America is more you’re your type of investment. In Panama we have sourced some fine property with prices starting from as little as £85,000; the US dollar purchase is of course entirely yours to consider!!
Wherever and whatever, my advice to you any interested party is to ACT now if you are looking to try and make some real money!
Graham Pyle
To obtain a free DVD “The definitive guide to buying in Florida” call the UK number 08456 444 747 or e mail us with any questions about this subject at enquiries@countrysideinternational.com
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