The International Real Estate buyers are coming to Florida to take advantage of the incredible opportunities they have to purchase. The Canadian Real Estate buyers have a particular advantage, as their dollar is now as strong as the US dollar and Florida has historically been their first choice for a vacation or retirement home.
In an International Real Estate Purchase/sale, there are two major factors to consider: the real estate transaction and the currency exchange rate. With the relatively weak US dollar and unbelievably low prices, our International investors are finding Florida properties irresistable.
Current statistics show that approximately 27% of Florida properties are purchased by International buyers, and 52% of them pay cash. Today's difficult mortgage market puts them in a prime position to be the winning bid on many distressed Florida properties. Whether it be a condo, waterfront home or lot, single family residence inside or out of a gated community, the price is right and the exchange rate is strong.
As a Certified International Property Specialist (CIPS), I had the opportunity to meet with many International Real Estate Professionals at the National Association of Realtors Conference in New Orleans last week, and they were eager to hear about what we had to offer their investors looking at the Florida market. My market is area is the northern Tampa Bay area, and is less than an hour north of Clearwater on the Gulf of Mexico. The waters are calm, the prices are affordable, and Hernando County, known as the Nature Coast, has the most affordable waterfront prices in the state. We have kayaking on the Weeki Wachee River, numerous golf courses and communities, horse back riding trails in the state forests, bicycling on the famous "rails to trails", as well as boating, fishing and beach. Check out the values on my website.
We welcome all of our Global neighbors to come and find their piece of paradise in Sunny Florida!
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