No, no, don't laugh. I'm serious. Of course, I don't mean property that is overpriced or overvalued. The kind of real estate that is only available at these times and at these prices. Realistic sellers, short sales and foreclosures mean opportunities for buyers.
Look ahead of the crowd
Today, you can find some great bargains on real estate in the Florida, if you know where to look. Look ahead now and you won't have missed the boat like you did before. I mean these people from overseas saying, if we knew the market would go like this, we should have bought something here in 1995. The 2nd chance is just around the corner waiting.
Sure, the US Real Estate and mortgage market is desparate now. Have we already seen the bottom of the real estate market and the US-Dollar vs. the other important currencies of the world? I don't believe so, but nobody knows for sure. Besides that election year is coming, what I know for sure is that the US Real Estate market is not Florida. Why?
Sail, surf and beaches! Period!
Espcially the Sarasota / Bradenton market was ahead of the rest when the prices began to skyrocket and it was ahead when they began to drop. So this is the market where you should starting looking now. Don't wait to long and try to chase prices better catch them in advance.
More money to buy real estate
The falling dollar and the mortgage crisis make up a perfect storm that has left overseas investors in U.S. stocks and bonds facing unattractively low interest rates and unattractively low (or negative) returns on stocks. The dollar's fall will cause them to lose money in their home currencies even if U.S. stocks hold steady.
An increasing number of overseas investors are joining the global search for alternatives. The number one alternative is real estate.
At some point, though, those same overseas investors will realize that U.S. real estate is a great hedge against what they fear most: an attack of runaway inflation in the United States. A physical asset such as real estate goes up in value when inflation soars. At some point, those overseas investors will notice that real estate in the U.S. is cheap enough that any recovery in the American economy will produce windfall profits.
And besides all profits, don't forget: Surf, sail and beaches and this can be the source for: More profits...
Axel Weiss, MBA
with material from Matt Augustyniak, Horizon Realty
Wir sprechen deutsch
Deutschsprachiger Makler Bradenton und Sarasota
Bradenton International Realtor
(941) 866 1666
Axel Weiss, MBA
Lic. Real Estate Pro, Lic. Mortgage Broker