Las Vegas, NV-AZ (1888PressRelease)
May 20, 2008 - Arizona Bargain Properties
An area of 113,998 sq mi, Arizona is the 6th largest state in the US. Its size and the huge variations in elevation, give a varied climate - from the cold winters and mild summers of the higher altitudes in the north to the primarily desert climate of the lower altitudes to the south - mild winters and hot summers.
Prehistoric volcanic activity has created Arizona’s spectacular film-set scenery; luscious pine forests, colorful and majestic gorges, and cactus ridden flatlands.
Great for a holiday home, if not for a permanent abode – ski, trek, horseride; even if you don’t intend to live permanently in your new purchase you will get your money back and more from holiday rentals.
So…how about owning an $810,000 house in Rio Verde, Arizona – overlooking a Walnut orchard and soaring distant tree covered mountains. Beautifully appointed with a den, double garage golf cart garage and more. Overlooking a golf course too! This property’s opening bid is a mere $450,000.
A weak dollar and relatively low mortgage rates have turned houses and other real estate property into the investment of choice for a growing number of investors from other countries. While many buyers are just achieving their own personal dream, others see real estate as a better way to earn money than stocks or other securities. Whichever it is, it is a buyers market now!
A favorable exchange rate has been a big factor in the increase of sales to European investors. The dollar has fallen significantly over the past three years against the 12-nation Euro and the British pound. It is acknowledged that the falling dollar does make U.S. real estate more affordable than in other countries.
The dollar trade rate is the weakest it has been since the 1970s; and interest rates are down - house prices are at their lowest in years... it's a compelling combination for a home buyer.
The increase in foreign buyers comes as the U.S. domestic housing market continues to struggle. Home sales fell 4.3% end of last year to a seasonally adjusted rate of 5.5 million, the lowest number in five years, according to the National Association of Realtors; a 10-month supply of unsold homes is now on the market. This truly is the time to get your skates on and invest in a little bit of America.
At auction, you could become the proud owner of a stunning 20,316 Sq, Ft. lot with architecturally spectacular house, in Rio Verde, Arizona. Mountain, river and golf course views make this piece of real estate unique. Originally priced at $860,000 but now with a starting bid of $475,000…you cannot go wrong!
When it comes to property, America is a bargain!!! For those outside the US, the balance is in your favor…now is the time to strike!
The US housing bubble has burst….but don’t forget, one man’s downside is another’s upside … and this is where you can be in on the up right away!….
Currently the best place to buy property is the USA; the housing bubble, - created by historically low interest rates, lax lending standards, and a fever of speculation, has now imploded bringing property prices plummeting to new depths.
That means if you have some cash in hand you can cash in on some excellent bargains.
And the best way to get the bargain of the century is through an International Real Estate Auction. The auction method of marketing creates a form of competition unrivalled by any other approach.
To redress the lax lending of the past, the mortgage industry in the United States is becoming so stringent, that the rental market is really increasing, thus allowing investors from other countries to buy cheap and lease quickly. In addition it eliminates many domestic buyers who now have to have a 20% down payment, thus driving prices down further and leaving the market open to foreigners.
Foreign buyers are particularly attractive because they put more money down, and are more likely to follow through. Foreign buyers are also more likely to pay entirely in cash, significant at a time when many deals are failing because of the credit crunch. Forty-seven percent of foreign buyers purchased a U.S. home as a vacation home for family and friends and 22% made the purchase as an investment and rental opportunity. Thirty-one percent bought the home both for a place to vacation as well as a place to rent out. Twenty-eight percent of foreign buyers made their U.S. home purchase with cash.
The quickest way to find the property of your dreams at the best price is by live auction, a new concept pioneered in the real estate market by Joel Langer. Using the internet this is a fresh new approach to bringing together buyers and sellers from around the world. An auction creates exposure and excitement in the real estate industry and the opportunity to buy property anywhere in the world and yes, for cash!
The right price for a property is the one decided by a competitive market. Prices have never been so right!
Visit: http://www.escapeartist.com/International_Real_Estate/Auctions/info/
Email: auctions ( @ ) escapeartist dot com
Call: 1-847-867-7518
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