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Oh No! Something has Happened in Florida
The Florida housing market has attracted many foreigners to invest their hard earned money in the sunshine state. The British have for a long time favoured Florida for buying a second home. Many use their Florida home as a holiday home for friends and family. Some may rent it out on a casual business basis, renting out their Florida home from adverts they have put up at work or in the local shops. Most British buyers dream of owning the home outright and eventually using the house for their retirement. Fragile Buyers. Despite the attraction of buying in Florida i.e. cheaper prices and a wonderful climate it does not take too much for a British buyer to get cold feet. Real estate agents in 2004 reported a rush of British buyers cancelling their sales owing to the hurricanes that hit the region. Reports in 2005 concerning fatalities concerning shark attacks again spark similiar worries and may affect the fragile buyer's attitude towards the region. Why so fragile? It is all about choice available to the European Buyer. The British for example have cheap air fares and short journeys to the most popular places to buy a second home such as France and Spain. Now emerging markets in Turkey, Egypt,Croatia and Bulgaria not only offer cheaper property prices and cheap air fares but sound short term investments. Recent house price rises in Florida are now making the region a long term investment area not one for short term gains. Bad News Travels Fast. Negative reports about a region will always affect the perspective of those who do not live there. So when bad news hits the sunshine state its no surprise that it affects the minds of those looking to buy overseas. Nicholas Marr +44 0845 458 1413 Selling property on behalf of agents and private sellers worldwide.
MORE RESOURCES: The talk show host pays $12 million for the 4,088-square-foot house with four bedrooms and four bathrooms. The ocean-view home sits on 1.26 bluff-top acres with beach access. In one of the more talked-about transactions in town, actors Brad Pitt and Angelina Jolie have sold their Malibu beach house to daytime host and comedian Ellen De Generes for $12 million.
The four-bedroom, five-bathroom house built in 1920 for industrialist James Wigmore lists for $2,875,000. A decorative cast stone entrance opens to this restored Spanish Colonial Revival-style house in Pasadena's South Orange Grove area. Built in 1920 for industrialist James Wigmore, the house retains such original details as coffered wood ceilings and arched doorways.
They don't believe they can sell their property for what it's worth, so they're spending money on making their homes more comfortable. Do you fit any of these descriptions?
A biennial research report by the National Assn. of Realtors indicates that a handful of real estate agents and brokers and their clients either don't know the law or don't care to follow it. When it comes to lawsuits, real estate agents and brokers tangle mostly among themselves.
The president aims to help about 3.5 million people with good credit who are unable to refinance at historically low rates because their homes are worth less than their mortgages.
The White House hopes to help millions of homeowners lower their monthly mortgage bill with a $5 billion to $10 billion plan to set up a streamlined refinancing program for people who are current on their payments.
The Standard & Poor's/Case-Shiller index of 20 large U.S. cities fell 1.3% in November from October as foreclosures continue to drag down the housing market. Three straight months of home-price declines in the biggest U.S. cities showed that foreclosures remain a significant drag on a housing market that is entering its fifth year of deterioration.
L.A. Clipper Chris Paul may be quick down the court, but he moves pretty fast when it comes to buying multimillion-dollar real estate too.
Karen Mena managed to get a foreclosure on her San Bernardino home rescinded. But she continues to negotiate with Bank of America over loan terms and could still lose the house. Foreclosure commonly represents the end of a struggle. A borrower can't pay a mortgage, loses a home and moves on.
A.F. Leicht designed quirky Spanish Revival houses in Los Angeles as well as evangelist Aimee Semple McPherson's landmark Angelus Temple. His interiors often had irregular-shaped or curved walls, rooms or hallways. This Los Feliz villa, with rounded rooms, fancifully shaped living room French doors and elliptical master bathroom, captures his signature style.
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