The economic downturn of the last few years has caused consternation globally, ripples are still being felt in places like Greece and Spain. Stock markets tumble and recover a little, then tumble again. Much of the initial crisis was caused by the misunderstanding of the underlying risks involved in complex financial products. The complex financial products were tied (ultimately) to debt, specifically mortgage debt. The famous sub-prime mortgages of America.
We are now 4 years on. Barack Obama has been in the White House for nearly the full term. Real estate prices in the USA are stagnant. But there are signs that they have stopped dropping which is important and very interesting.
Along with food and water (and air), shelter is just about the most important thing that a person needs. All the people who lost their homes - they still need to live somewhere. They still exist in the market for property. They are renting, not buying. Biding their time, re-building their lives. Don't forget these people, and don't forget that the population of the United States is expected to grow by tens of millions over the next 15 years (Florida is expected to go from 18 to 28 million by 2030).
Much of the asset firesale by the banks is coming to a close. There are federal programmes to help people stay in homes. Support given to Freddie Mac and Fannie Mae has seen a noticeable drop in the number of ridiculously cheap properties that have flooded the Market. We can´t speak for anyone else but our experience is that there are far fewer short-sale properties available this year than last in areas around Orlando.
Many of the properties have been sucked up by large and smaller hedgefunds looking to build their portfolio for the future. They haven't forgotten the ultimate maxim: "buy low, sell high".
Today you can "buy low". We can´t guarantee a selling price, it depends on when you sell and everyone´s circumstances are different, but we suggest you look at the basics. Fairhomes Land has seen the opportunity looking further down the supply chain. People need houses and houses need land.
And cheap land for sale can be found, if you know where to look. There were builders who went bust and developers who defaulted. And the land already has planning permissio (zoning for residential use), water pipes, electric and roads. In the vast majority of areas people are living in existing houses either side of the vacant lots or a few lots down.
How low is low? From Fairhomes Land, as little as $17,000. We sourced the opportunities and used our purchasing power to make the barrier to entry low enough for the "average person".
Florida has the highest proportion of overseas home owners anywhere in the Untied States. Every year millions flock from abroad to visit the world famous tourist centres and theme parks in Orlando. People work in Orlando, and Tampa, and Miami and all over Florida. Lots of people. Millions of people. And those people need homes.
"Build-ready" land that is currently available for just $17,000 near Orlando Florida was sold for $60,000 in only 2006. "Buy low, sell high".
For more details on our great land offers click here.
To download a brochure and price list please click here.
