Posted by: rgmorgan | March 30, 2011

America (Florida) on Sale

The St. Petersburg Times had a great article in today’s edition. Mark Puente wrote about the tremendous influx of foreign buyers of real estate in the Tampa Bay area. Over $120 million in overseas purchases have occurred in the Tampa area the last 12 months. Waterfront property is the main attraction and condos are particularly appealing.
Do they know something Americans don’t? Probably not but foreign buyers continue to expand their interest in scooping up bargain priced properties while many wait for better deals. If the current trend continues there is a possibility that the best deals are happening now and waiting could be an expensive strategy. Don’t sit on the sidelines and later wish you had acted.

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