Florida Real Estate for Canadians – The Bargain Hunting is Still On

For Florida real estatefor Canadians, the search for the perfect property is still out there. There are still a number of properties up for grabs in the Sunshine state. Many of these properties are being sold off as short sales as the tax deadline expires on Dec 31^st this year.

Best Deals are Still Out There

J.W., a Canadian man got the best bargain of his life when he was able to acquire a three-bedroom property just below $120,000. It is a 1700 square foot condo in Fort Myers. What is great about this location is that it is a mere fifteen minutes from the best beaches in the state and a very pleasurable drive from the best that Miami can offer. However, J.W. and his family have no immediate plans of moving into the property. They are part of a growing number of foreign investors that are purchasing large swaths of property in Florida with the intent of renting them out to Americans that could not yet afford to purchase a home of their own. Canadians represent a growing number of foreign real estate investors who have realized that they are in the best position now to purchase a home.

Great Investment Opportunity

The good performance of the Canadian dollar against the US greenback coupled with depressed housing prices and a big demand for renters is fueling the drive for snowbirds to check out the investment options south of the border. It is worthy to note that this is not another get rich quick plan. In fact, many Canadians believe that they are in for the long haul. There are signs that the US real estate market is beginning to recover. However, it may still take a long time before they get back to their pre-crisis levels. At the moment, the bargain hunting is still on for new investors to get in while there are still properties waiting to be had.

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