Oh Canada!...Canadians are buying Real Estate For Sale In South Florida

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With such an inflated amount of Real Estate for sale in South Florida...."it is an excellent time buy a home." Prices have come down quite a bit over the last 2 years and inventory levels have reached all time highs. But there was one thing we discovered. Although there aren't many buyers looking to purchase homes right now...we have been lucky enough to have closed a few deals this year from our Canadian clientele. We want thank you for all of your support!

Tourist season is now approaching and it is a good time to think about the benefits of buying a home in Florida. So spread your wings and fly south for the winter!

Our Canadian connections have not only benefited our business but it has helped our clients get an even better exchange rate on the money that they have invested in Real Estate here in South Florida. All of our clients decided not to finance any of the properties we sold to them. They paid cash for them.

Our clients have been watching the dollar and they've noticed that it has been becoming strong so they all decided "it is a good time to invest in South Florida Real Estate."

For example.....A condo we sold 2 BR 2 BTH condo about 1200 SQ. FT. corner unit at Century village in Deerfield Beach Florida was listed at 149,000 we ended up making the deal at $120,000 after we closed on the deal our buyer was even more ecstatic when she found out that her $120,000 US dollars was actually $112,000 Canadian. Since then she has sent us 4 clients who each purchased condos in the same community. All have closed in less than 30 days. 

Last week we just sold a home in Coral Springs Florida. It was a 5 BR 4BTH about 3800 SQ. FT. single family home that was listed at $644,000 and we were able to negotiate a deal for $617,500. The buyer also purchased it for cash and closed in 3 weeks. He also was aware that the dollar was very strong and the exchange rate has hit close to a historic high considering the past being fairly low. By the end our results were 6 closed sales....3 rentals,two of which turned into eventual sales....2 new listings.

Do not wait..."now is the best time to buy your second home in South Florida." It hasn't been this attractive for over 40 years and with the recent slump in prices it may never be a better time to buy. Prices have dropped between 20% and 50% and every seller is awaiting ANY offer....so hurry this may not last!!!

We will also soon have additional information in The Suburban

It's a great time to buy the home that you've been looking for. Come visit the area so you can see all of the South FL Real Estate for sale.

You will be glad you looked at all the opportunities available.                           

If you are interested in moving to our area ......then we strongly urge you to visit  South FL- you can view Real Estate for sale here.

If you like reading different stories about our area then please visit my blog The Real Deal tells it like it is in Real Estate

For more information please contact Steven Kohn (954)605-5877 or  Neal The Real Deal Bloom(954)608-5556 /Remax Hometown

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19 Comments on Oh Canada!...Canadians are buying Real Estate For Sale In South Florida

Neal - this is great news - way to go - knock them out with your charm

11/05/2007 10:25 PM by Central Oregon Real Estate | Thesa Chambers, Broker (RE/MAX Sunset Realty La Pine)


We have to LOVE our Canadian customers.....especially for those beachfront properties.  We've sold a couple of condos in Surfside to Canadians.

11/05/2007 10:40 PM by Rick & Ines - Miami Shores Real Estate (Coldwell Banker)


Neal,

That makes sense for the Canadians now that their dollar is so strong. They come there a lot for the winter anyway, so why not do a little investing on the side. But it's a good time for anyone to buy there since the prices are so attractive.

11/05/2007 11:39 PM by Esko Kiuru - Las Vegas NV Mortgage Consultant (Sinifox Financial)


Neal,
Good news for Florida.  Now maybe I need to do so advertising in Canada, N C is a great place for their investment dollars too.  :0) 

11/06/2007 05:07 AM by Cynthia Tilghman, Realtor® Onslow County NC Home Specialist (Kingsbridge Realty, Inc)


Neal,

I will use this for my Business as well!!

Thanks,

Tom Weiss

11/06/2007 06:08 AM by Thomas Weiss (Thomas R. Weiss)


Thesa,

It's not about my charm it's about those smart people taking advantage of the value they are getting here. It is a more positive twist to the staggering market here.

Ines,

Thier tough..they love to go swimming in those chilling waters. We think it is so cold...they think it is warm.I'm from NY but I turned into a wimp:) They love it at this time of year!

Esko,

You are right...maybe if this posts gets exposed to the outside world..I'll catch them before they gwt here to visit and they might just bring their check book!

Cynthia,

That's right..there are still good deals out there for them to get a bang for their buck.

Tom,

Just speak:)

 

11/06/2007 06:50 AM by Neal Bloom-Realtor ® Assoc.-CRS-Weston FL (RE/MAX Premier Associates)


Hi Neal - great marketing piece you wrote here, and it shows that there are sales happening, too.  Way to be proactive and keep that ball rolling!

Ann

11/06/2007 07:43 AM by Portsmouth NH Real Estate ~ Ann Cummings (RE/MAX Coast to Coast - Portsmouth New Hampshire)


Hi Ann,

Since we are starting to do lots of business in Florida with Canadian clients...you will start to see me writing more about it again on localism...maybe they will give me some extra google juice exposure on Localism!

11/06/2007 07:53 AM by Neal Bloom-Realtor ® Assoc.-CRS-Weston FL (RE/MAX Premier Associates)


Excellent review for-your clients. You and Steve are really bringing another type of market here and virtually saved it. A great way to end the year! Great localism post!

11/06/2007 07:58 AM by Wendy Bloom (Benefit Mall )


Neal, Great post.  With our dollar at an all time low (since I can remember).  It really is a great deal for our friends north to come down and buy property.  They can even finance the property relatively easily.

11/06/2007 08:58 AM by My Favorite Mortgage.net - Matthew J Blum


I never thought about Canadians being snowbirds...go out and grab that business! Great localism post!

11/06/2007 09:01 AM by Kelly Sibilsky - Lake Zurich, IL RE/MAX Real Estate Agent (RE/MAX Unlimited Northwest)


*&($*#^%&#*^@$&*(@You let the cat out of the bag.  I have many Canadian customers right now.  Luckily I blocked my comments so my competition can't find this :)

11/06/2007 09:26 AM by Renee Burrows - Las Vegas NV Real Estate (Nevada Realty Solutions)


My love knows a good deal when she sees one:)

Matt,

True...we thought he was actually going to finance a small portion but for what ever reasons decided not to.

Kelly,

They love our cool weather..to them it is hot..all the birds are on their way in the next two weeks!Thanks!

Renee,

Sorry I ruined our secret but I didn't know your area was hot as well. They really love to come here and now have seen the value they are getting along with a great place for them to have that second home!

If they do find this and want to also come to your area...I'll send you the referrals..how about that?:)

11/06/2007 10:00 AM by Neal Bloom-Realtor ® Assoc.-CRS-Weston FL (RE/MAX Premier Associates)


I hope they still come here Renee...but I definately would give them to you as the alternative to sunny Florida!

11/06/2007 10:32 AM by Neal Bloom-Realtor ® Assoc.-CRS-Weston FL (RE/MAX Premier Associates)


Neal:  Way to rally!!!  Now is a great time to buy.  You go get em!

11/06/2007 04:21 PM by Dianne Barody - Pensacola Florida Real Estate (Century 21 AmeriSouth Realty)


 

Great Post!  You have some great information here.  We also have many Canadian buyers and our community of Windsor was built by a Canadian. 

11/06/2007 04:29 PM by Barbara Martino-Sliva, Vero Beach Real Estate, Homes for Sale (Thorpe/Sotheby's International Real Estate)


Barbara,

Thanks....that's the big secret in South Florida...don't tell anybody:)

11/06/2007 04:56 PM by Neal Bloom-Realtor ® Assoc.-CRS-Weston FL (RE/MAX Premier Associates)


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Real Estate Agent: Neal Bloom-Realtor ® Assoc.-CRS-Weston FL  (RE/MAX Premier Associates)
Neal Bloom-Realtor ® Assoc.-CRS-Weston FL
Weston, FL
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