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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

Gerri Willis highlights key factors for investors

8th Feb, 2013back

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With repeated figures and reports citing Florida as a solid area for real estate investment, the author of Home Rich and host of The Willis Report, Gerri Willis, has written a piece for the House Keys blog highlighting key factors for consideration prior to investing in property.

 

Firstly, Willis discusses the importance of researching the market thoroughly and claims that opportunity for investment will not simply disappear in the next year. Although statistics show that prices are low and values are rising, rushing into making a purchase without the necessary research could prove costly. Take into consideration the property prices in the area and the average amount of time that properties have remained on the market.

 

Secondly, Willis advises that buying foreclosures without viewing the property is not wise; if a house price seems too good to be true then it usually is.

 

She goes on to discuss that if buyers have found a property at a low cost and are keen to move forward with the purchase, they should make themselves aware of unforeseen costs. If the property is intended for rental, for example, consider the mortgage costs should the property become unexpectedly unoccupied.

 

Finally, a good investment is only that if it can produce returns; paying over the odds for a property could prove detrimental. If a bidding war erupts over a property, set a cost limit and do not exceed this amount.

 

There are some solid investment opportunities to be found in Florida, but it could prove to be a mistake to buy the first low-cost property that you find. With thorough research and a bit of common sense, buyers could be reaping rewards further down the line.