A chance, right now, to buy American property
for a FRACTION of true cost
Property prices haven’t just declined in certain places in America, they’ve collapsed. And right now they are at rock bottom. In fact, like all boom and busts, they’ve overshot and are at frankly silly levels. So low, that we just can’t get our head around how cheap the price is.
Simply speaking, it’s now the best value property in the World. And all the more amazing when you consider this isn’t in some third world country, but America, still the world’s number one economy. The land of Hollywood, Cadillacs and eat-all-you-can-diners!
Prices are rising now
Don’t think this situation will last long. It won’t. Prices are springing up from the absurdly low levels. Local investors are buying up such property and there are bidding wars on many repos. Prices are now, in our estimation, sharply on the up. However, bargains can still be found.
Same houses often 3x the price on open market
This market often throws up odd situations where houses almost next door are being sold for wildly different prices. Here’s an example from last week; when we visited two chalet type properties only 30 yards apart. One is a foreclosure selling for $20,000, the other a private offer at “distressed price” of $58,000 (actual prices from an example in April 09). This means your repo house is being sold under even present depressed open market value. And remember, that’s a market now on the up. Price increases have been recorded for the past two months and the pace is picking up.
How can this be so?
Simple, government money. Billions and billions of it, poured into banks and housing conglomerates. It means US banks can write off bad loans and practically give the property away. They don’t care, it’s costing the US taxpayer a heap, not them.
No catch, just freehold detached property, with clean unencumbered title going for peanuts. However, don’t think such property can be picked up anywhere, by just clicking away on the internet, for example.
We have done a lot of work on the ground in USA searching for this bargain. Avoiding cheap properties that come with attached liens and debts, or in very bad neighbourhoods. We have years of experience in foreign property and you can buy with confidence via us.
Please note that almost all our property offered is only sourced via large US banks and these financial institutions ensure that the property is debt free with no outstanding taxes, this is not like buying from a private seller/agency.
