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Welcome to the Fairhomes Land Investor Information website. Please read the information carefully before using this site. By continuing on this site you acknowledge that you have read and agreed to the following: Forward Looking Statements – Statements prepared by Fairhomes Land and made on the Fairhomes Land Investor Information website that are not historical facts are forward looking statements as defined in the Private Securities Litigation Reform Act of 1995. For the purpose of establishing the Seller’s compliance with Federal Interstate Land Sale Full Disclosure Act 15 USC 1701 (“ILSA”) in the sale of lots to buyers, the enquirer confirms that they are a builder, investor or developer licensed to do business in the state of Florida and is engaged in a bona fide land sale business and is purchasing the property for the sole purpose of either constructing a residential home or selling the same in the normal course of its business. The enquirer further represents and warrants to the Seller that the enquirer is in the above referenced business sale of land sales and/or building residential homes and selling the same as an activity of continuity, regularity and permanency. The enquirer is a knowledgeable and sophisticated investor, developer or builder of real estate properties.
Tel: +1 (905) 415-9267 or +350 200 400 48

Demand causes overseas investors to purchase properties without viewing

24th Jan, 2013back

325 Evidence is rife in real estate news to suggest that the property investment market is heating up in Florida. With the powers of the internet making it possible for foreign investors to find properties for sale in the US, the real estate market has significantly opened up and is appealing to buyers from countries such as Canada, China and the UK.

Florida is currently a foreign hotspot for investors and, in particular, is appealing to a whole different type of real estate investor. AOL Real Estate has reported such an influx of interest from overseas investors that properties are being purchased without the buyer having even visited their intended property.

According to the report, overseas investors – particularly from the Asian market – are so eager to invest in a real estate property deal while prices are low and values are rising that they are making sight unseen purchases.

Wayne Levy from a Toronto based company explained: "Some Chinese investors bought up 35 [townhouse-condo] units without even flying in first," He continued by adding: "They looked at a picture. They wrote cheques. That's what's happening now."

In a race to snap up the property as soon as possible, investors may only have seen a few pictures over the internet before handing over a substantial amount of money. One realtor told AOL Real Estate that he had experienced an investor so eager to purchase a property that he transferred $1 million over the telephone.

Although this certainly highlights the demand for real estate in Florida, it is generally recommended that buyers visit the property through a real estate company prior to committing, especially when such large amounts are involved.

Between 1976 and 2006 the value of building plots in Florida rose from an average of $15,000 to $250,000

The Lincoln Institute of Land Policy