All but 4 of the US Cities listed are in Florida. Manhattan/NYC, Phoenix, Honolulu & Las Vegas made the cut. Florida real estate rivals Las Vegas for foreclosures, which from an investment point of view makes those hardest hit to have the highest ROI. Where are the buyers coming from? The majority influx is from the Far East, Russia and China. The international buyers have CASH and lots of it. Whether one mega mansion or an entire track of homes, the bet is on the US to repair its markets and economy. Unlike stock, real estate you can really enjoy while you own it. So why buy 100 small homes, when you could have one huge one?
The numbers are out! The first half of 2012 is over, and the winners are both Buyers and Sellers! Properties are selling faster than in the past 5 years, less time on market is good for Sellers. The median average price is down, and starting to come up in certain zip codes, which indicates the bottoming out of the market. With interest rates at historic lows, the recent 6 week plunge in rates increased buyer demand to the point the market has flipped. The market is in shift once again, buyers are finding more competition from other buyers and seeing bidding wars. WHAT?!? Bidding wars, yes! Multiple offers on a well-priced property have become common. What can you do to separate from the pack? To make your offer stand out from the others? Work with a Realtor who is an experienced negotiator and is willing to be creative with your deal. At www.DreamHomesMatchmaker.com we put together a package for the listing agent to present to the seller demonstrating your proposal to purchase their property. Whether a short sale, bank owned property, or a traditional sale, the seller does not know the buyer. Do they? Of course the seller does not need to know the buyer, however, in chosing from multiple offers, what will make yours stand out? Are you looking to land in your new home in the near future? Call me you’ll be glad you did!