Canadians Buying in Florida
Posted: September 10, 2009
As most people know, there are a large amount of International Buyers getting involved with Florida Real Estate. Currently, our team has sold numerous properties to buyers from Ontario and Quebec. So, what are the good deals? What is everyone buying? Most investors are buying under the $250k price point. There are great homes to Buy in Fort Myers, Bonita Springs, Estero, and Naples withing this price range.
Let's say a Buyer buys for $100,000. This home may be a three bedroom 2 bath with a garage. Depending on the location, this home can be rented between $1000 and $1200 per month. If the International Buyer is Buying with Cash, as most are, then they will most likely have a good positive cash flow on their property. Most Canadians are buying with the thought process that these homes will appreciate in coming years. Based on historical data; it is inevitable that they will.
Caveat Emptor, or Buyer Beware... If you are Buying these homes "site unseen", it is beneficial to know and trust the Real Estate Consultant you are working with. You should probably get an inspection and see what kind of work needs to be done to the home. Most homes selling are bank owned or corprate owned properties that will need some work to get them up-to-date.
Bottom line...Be sure to ask the right questions, and sometimes, get a second opinion. Have an Outstanding Day!!! Rgds, Jay Berube
Comments(0)
Post a comment
|
