Have Foreign Relatives/Friends Looking Where to Invest??

If you have friends and/or relatives living outside the US and perhaps wondering if they could take advantage of this current US financial market; encourage them to consider investing in real estate. Here are some information I have found in the recent months:

-Real estate professionals tell Inman News that foreign buyers are taking advantage of lopsided currency values against the U.S. dollar in some market areas and are propping up second-home sales while many U.S. buyers are taking a wait-and-see approach. Markets with luxury properties can be more immune to the slowdown in second-home sales, real estate professionals also report.

- Heather Joubran, a Realtor in Lake Mary, Fla., an Orlando suburb, said U.S. residents have definitely scaled back on second-home purchases in the Orlando area, but buyers from the United Kingdom, Eastern Europe and Central America "are gobbling up second homes at a pretty substantial rate."
Some of the foreign buyers are particularly eyeing foreclosure properties, and coupled with the power of their currencies against the U.S. dollar, "they are picking them up for pennies on the dollar," she said. Finding properties for half the price that they were originally listed at is not uncommon these days, she said. "The international buyers definitely are the largest buyer segment right now in Florida."

Even though, our Buyers are mostly looking to buy in the Columbus local area; The Ramirez & Sanchez Group has access to a vast list of real estate professionals in the entire country. We can assist ANYONE buy a property ANYWHERE in the country; including Puerto Rico.