Repossessed property in Florida has been identified as one of the best investments. Overseas property expert Liam Bailey has written two articles highlighting the potential gains to be made from the opportunity, one on Overseas Property Mall and one on his own blog Overseas Property World.
Liam believes that it is almost fool proof, he writes:
3, 4 and 5 bedroom (mansions) villas with private pools; the properties that you or I could only dream of are now within reach of the masses. Buying a property with 50% instant equity leaves buyers with only one question: will they ever regain their market value. In Florida’s case the answer is a resounding yes.
When we can talk about the international downturn and housing crises in past tense once and for all, Florida will regain its popularity with international buyers, and as things recover Florida residents will once again be buying houses in the normal way.
Time is of the essence for any Investors wanting to cash-in on this opportunity, because while repossessions are still happening almost daily in the sunshine state the best properties sell very quickly, almost as soon as they come onto the market.
It is also worth advising people to look upon this as an opportunity, not to buy cheap property, but to get more property for your money, a: because the more expensive properties are discounted more heavily, and b: because they are likely to regain their market value more quickly.
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