real-estate-recovery-st-augustine-fl-Offshore-investors-snapping-up-Florida-real-estate!

By
Real Estate Agent with Riverside Homes

Great news on the front page of our local St. Augustine, Florida newspaper.....

Offshore investors snapping up Florida real estate!!

The article reports that Florida's distressed real estate prices are attracting major companies with ties to Hong Kong, Spain, Argentina and Malaysia are snapping up properties sensing the local market has bottomed.

I've notice an increase in my investor purchases.  It's GREAT NEWS to read that investors are buying up properties in other areas of our state.

Posted by

Marjorie Taylor, REALTOR

Marjorie Taylor, is a licensed Real Estate Broker representing Riverside Homes  and is a Certified Stager with VIP Staging and Home Management.  A community leader, active in the St. Augustine Regional Council, Taylor is past Director and Technology Committee Chairman of the St. Augustine St. Johns County Board of REALTORS.  A Certified Home Stager, she is professionally educated and trained, having earned the designations of CDPE, CRS, CSP, e-PRO, GREEN, GRI, TRC.  View the Model Homes in St. Augustine

Marjorie is passionate about St. Augustine and the needs of her clients. Past recipient of the Entrepreneur of the Year - Women’s Council of REALTORS St. Augustine Regional.

904-591-9121

MTaylor@MyRiversideHome.com

MyRiversideHome.com

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Rainer
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Tara B. Downing
Village Properties - Mineola, NY
Homes For Sale - Mineola Port Washington

That has to be good news for you.  I just hope what happened today doesn't start to scare them off.  We have been hoping for an influx here just outside of NYC, but it seems like the offshore investors almost exclusively want to be in Manhattan.  There are rare exceptions, and they usually involve people buying in Brooklyn or Queens.

Good Luck.

Aug 08, 2011 11:49 AM #1
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Peter Pfann @ eXp Realty Pfanntastic Properties in Victoria, Since 1986.
eXp Realty, Victoria BC www.pfanntastic.com - Victoria, BC
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Hi Marjorie,

There are soo many awesome deal to be had in Florida, Nevada, Arizona and many other places in the USA, that it is no wonder that so many investors are jumping all over them.

The locals are a little slow to respond, but they will get it.

Aug 09, 2011 03:51 AM #2
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Kathy Clulow
RE/MAX All-Stars Realty Inc. Brokerage - Uxbridge, ON
Trusted For Experience - Respected For Results

Marjorie - hopefully some local people will take note and join the buyers who are willing to hold on for the brighter future just down the road. Have A great Day!

Aug 09, 2011 02:40 PM #3
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