I have received so many phone calls in the past 2 weeks from cash buyers.
People who want to invest their money in real estate. They do not feel that their money is safe in their banks. Safe, maybe? But what about the value?
Just like when those from foreign countries buy because of the exchange rate; the exchange rate from liquid cash to real, tangible real estate is excellent.
Maybe your money is 'safe' at the bank. I mean it is insured up to $250,000 at each bank. But what happens when your bank closes its door or when there is a rush from everyone wanting their money? There may be a wait or there may not be any left.
This blog is not intended to instill fear or panic. It is just an observation.
Lately I've had more buyers calling, emailing and stopping by looking for a place to invest their hard earned cash.
I love real estate. I still think it is one of the best investment vehicles. Especially for long term growth and stability. You know it is there, it is insurable, it is saleable, it is rentable, it is a tax write off - it appreciates and it is a necessity.
If you are considering real estate I can help you find some great investments. From vacant land, to single family homes to multi families, everything is on sale! Why not own in Paradise? SW Florida is truly like living in paradise every day!
Search properties for sale in Lee County, FL right from my website.
I look forward to hearing from you soon!
Yours in Success,
Susan Milner
239-218-2229
- Out of the country? You can skype me for free :)
FloridaFutureRealty on Skype
Yours in Success,
Susan Milner
Florida Future Realty, Inc
http://www.YouTube.com/FloridaFuture
(239) 542-8521
Susan@SusanMilner.com
We also handle Cape Coral Short Sales......
copyright 2008-2012 Susan Milner of Florida Future Realty Inc
Hi Susan, You are absolutely correct. With the current turmoil in the financial markets and the low price of real estate it is certainly time to "park cash" into real estate.
My name is Broker Bryant and I approve of this post :)
BB,
Thanks for the comment. I felt this coming but I am surprised still by the sheer volume of calls/requests I am receiving. Makes sense though. What is the 'value' of our dollar anyway?
That's an interest twist. The only problem might be that Florida is usually the first into a real problem and the last out. I know because i saw it it the mid to late 80's
Bob
Hi Susan: FYI ... I found your post on Twitter! I agree with you completely.
Our real estate investment company is based in the San Francisco Bay Area. We are currently working on rehab projects in the Phoenix, AZ metro area, buying homes from the public trustee auctions.
There is a pent-up demand, there are buyers, and they are buying when the product and the price is right. With the Fed's continuing to dump the rates, the volatility in the stock market, tons of liquidity still being pumped into the market, the "bailout" package to pump more liquidity, it only makes sense that you had the calls that you did.
It's hard for me to believe that those calls won't continue. I'm not suggesting that real estate prices are going up but I do believe there will continue to be a large influx of buyers which will help to reduce the huge inventory levels in return helping to stabilize many of our markets. Adding the volatility of many stock market tied investments, it's hard to argue (for many of the reasons that you stated in this post) that real estate isn't the safe play.
In fact, I would say it is now one of the top plays!
Hi Susan, I agree; investing money in real estate right now, for the long term, could be an excellent way to invest in our currently uncertain economy.
Roger, I see this as the best investment vehicle for a lot of people right now. And like you said, i don't see that changing anytime soon. Thanks for stopping by - and that's cool that you found it on twitter :)
DJ, absolutely.