Buy a 3 bed house in the US for just $1,500

Friday 17.04.2009 (17 months ago)
USA :: Property News

New numbers released on reveal that one in every 73 homes in Florida faces foreclosure.

Research from a leading US property portal revealed that Florida has the fourth highest foreclosure rate in the US since March.

These statistics mean tough times and tears for those losing their homes. But it also creates a buyers market.

Opportunities are everywhere. And the ironically, the crash in housing that sparked the world financial crisis is now the hottest place in the world for property investment.

Property in Florida that previously sold for $500,000 can be found at prices for just $80,000. And this is not isolated to the state of Florida.

All over the US, property prices have hit rock bottom prices. And investors liken the situation to going back in time to buy.

One case highlights the situation where a property worth $80,000 recently sold for just $1,500.

However, the market is fraught with difficulties and can easily snare naive foreign investors.

Different regulations in states and counties means that buyers must have trusted expertise at hand to safely navigate this market.

For those who do manage to snag bargains, the profits when the economy picks up again will be enormous.

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