Words: Ashley Rigg
Published: 26th May 2010
Canadian's flood Florida market
The Realtors Associations of Greater Miami and Beaches (RAMB) report that Canadians are reacting to the their strong currency and housing market by snapping up bargains in Florida.
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Source: RAMB
User Comments
you've got the Benjamins to buy a property, chances are you can cash in, in this real estate market.
Agents in Palm Beach County say they are seeing more cash deals lately. Between fluctuating prices and new rules requiring lenders to hire the appraiser, agents say there's an increased chance an appraisal could kill a deal.
In a cash transaction, the appraisal is optional. It's easy to see why cash offers could be more attractive to a seller.
With some units selling for half what they used to,it’s a golden opportunity for a second home in Florida.
More cash deals also means more investors are once again entering our market. And realtors tell of investors with lower cash offers beating out first time buyers, who have to finance.
The increased number of cash deals is part of more real estate activity overall in recent months. So have we hit bottom?
I don’t think so with all the FORECLOSURE !
I'm an active Realtor with Foreigner Buyers in CASH and so far...Canadians are my big clientele.
Marcel R Beaumont,
Paradise Properties of Florida