Friday, September 21, 2012

Opportunities for Fort Lauderdale Real Estate


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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