Realestate investing Florida
seems to be quite a challenge to many first time home buyers in the
state. This is because there is an influx of sellers that are coming
in to South Florida in order to take advantage of current housing
prices, thereby out bidding first-time home property buyers.
The
main issues that are going against these newcomers seem to be the
lending guidelines that have become more strict since the housing
market meltdown. Moreover, savvy investors that offer straight up
cash money to purchase property are also another factor that buyers
have to deal with.
A
Third of Home Buyers
Based
on data released by the National Association of Realtors, first time
home buyers comprise about a third of the total number of real estate
investors nationwide. They make up a significant economic force
because not only do their purchases stimulate the housing market,
they also stimulate other industries associated with it such as
appliances, furniture, and other accouterments. This creates a
ripple effect to other US businesses and is not simply advantageous
or limited to the housing sector per se.
Even
with so many advantages at their disposal, the biggest drawback that
home buyers possess is the fact that most of their efforts are only
possible with the assistance of financial lenders. If they have to
choose between someone that can pay the full price upfront or with a
financing offer, sellers most often choose the former as they are
able to get instant gratification and no longer have to deal with
annoying issues that can come with some lenders.
Where
the Offers are coming
Most
investors that prefer to pay cash up front are international buyers
and corporate entities that view American home properties as a form
of investment venture which they can profit from once the real estate
cycle begins to come around. They are easier to work with as they
have lesser demands when it comes to pre-finalization repairs as
compared to FHA lenders. They prefer to purchase and repair later.
For
more information on how you can take advantage of Real Estate
Investing Florida click here: http://www.stevemartel.com
The MillTown Lofts in Cabbagetown puts you in the heart of Atlanta’s industrial history. Nestled among classic shotgun-style and bungalow single family homes, MillTown is a collection of brick townhomes on Wylie Street. www.thevancouverrealestate.ca
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