Florida offers warm temperaures, a refuge from the cold snow filled winters in Canada and, at this point, an attractive real estate market. Many Canadians looking for a warmer alternative are taking advantage of a weak US Dollar to purchase homes in many differetn parts of Florida.
With the supply of high-quality, reasonably priced Florida homes on the rise, house-hunting Canadians have their pick of everything from high-rise condos and townhomes to single-family homes in every conceivable type of neighborhood, golf course communities, waterfront homes and condos on the beach and on a marina as well as more traditional neighborhoods.
The National Association of Realtors (NAR) says that Canadians represented about 11% of all international home buyers who purchased homes in 2007 in the United States. In Florida, Canadians account for 9% of all 2007 home and condo buyers. When the results are in for 2008, this percentage is undoubtedly even higher.
American lenders will give loans to Canadian real estate buyers, but because of the presumed added risk involved, they often demand a down payment of up to 50% of the purchase price. Interestingly though, about 47% of Canadians pay cash for their Florida homes while the other 53% take out mortgages.
Purchasing a piece of the paradise that is Florida has never been for affordable for Canadians whether they are looking for a getaway from the harsh Canadian winter weather or as an eventual permanent retirement home.
For more information on waterfront, golf course, and downtown living spaces in the Sarasota Bradenton area, you may want to visit Rich Stover's Sarasota Florida real estate website. Those more interested in homes and condos in the Osprey or Venice Florida area may wish to visit the Sarasota & Venice FL real estate website of Bob Henley. And those more interested in Tampa Bay, should check out Cheryl Stimac's informative Tampa Bay Florida real estate website. You will be glad you did.
Saturday, October 11, 2008
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6 comments:
I just finished taking a really great 3 day seminar with Jason Rodriguez, he was amazing! It was called Creative Investing and Wholesaling, check out his website it will have a lot more info www.elitementoring.com
I work frequently with Canadian buyers and they are wonderful to work with. They really appreciate the values now available in Florida real estate.
I'm new to real estate so this is good to hear. That seminar by J. Rodriguez sounds like something I need to check out.
http://www.inexpensiveinvestinginflorida.com
I'll have to start looking into what Canadians want in real estate.
Thanks
The Real Estate Market is in fact up and down during these times. Although it seems that there have been more houses being abandoned every day. It seems that the market as a whole is starting to improve. One of the struggles that goes with moving and relocating is the moving process itself. After finding a new home, you have to deal with packing, loading, unloading, and then unpacking. One of the most important decisions you have to make once you are ready to move is finding a credible company to assist you with this move. Speaking from personal experience, it does take awhile to research companies trying to find the right one to help you with this move. After calling numerous places I fumbled across this one company that turned out to be everything that I was looking for. It was called JJ Metro. They offered every service that I needed so that I didn't have to look elsewhere for additional services. Ladies and Gentlemen, look into any company before you decide on hiring them. Because when it comes to moving everything that you own, you are safer when trusting a credible company to assist you
If Canadians are looking for great home values, they cannot go wrong in Tampa Bay, Florida.
I'd be delighted to help anyone interested in viewing homes or condos in all of Hillsborough County and Pasco County including Tampa, Land O'Lakes, Lutz, Wesley Chapel, Brandon and Temple Terrace.
If Canadians,or others, are looking for great home values, they cannot go wrong in Tampa Bay, Florida.
I'd be delighted to help anyone interested in viewing homes or condos in all of Hillsborough County and Pasco County including Tampa, Land O'Lakes, Lutz, Wesley Chapel, Brandon and Temple Terrace.
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