Fort Lauderdale realestate contains some of the best properties you can find in the state
of Florida. Before the housing bust, this market’s values were
through the roof. It is no wonder that there are many opportunities
for foreigners like Canadians looking to invest in US real estate to
snap up a prime property here.
Purchasing is Cheaper
than Renting
Based on a recent report,
purchasing a home located on Fort Lauderdale real estate is more
affordable than renting one. This is based on an analysis of average
home prices compared with that of rental prices in Miami. While it
is still very much widely expected that home prices in this part of
the state will continue to fall until the end of 2012, discovering
the perfect real estate property while supply is still high and
mortgage rates are at an all time low should be the priority of any
real estate investor looking for a place here. It makes more
practical sense to purchase real estate property because of the
present economic conditions.
Opportunities for
Investors
It does not matter if it
is your first time purchasing US real estate in Florida; the prices
right now on Fort Lauderdale properties are at their lowest values.
As a matter of fact, all throughout southern Florida this has been
the prevailing trend. There are a number of variables that will
affect what the average price of property will be in this area of
Florida come next year. It is a definite fact that short sales are
dominating many real estate transactions as homeowners hurry up to
beat the deadline on the Debt Relief Act set to expire at the end of
this year. Likewise, it is also widely accepted that more foreclosed
properties will appear, pumping up inventory for existing homes for
sale. Purchasing properties that are or near their lowest possible
levels is the best way to see your investment grow over time as there
is no place left to go but up.
For more on how you can
successfully invest in Fort Lauderdale real estate visit:
http://www.stevemartel.com/workshop
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