Is it Time to Sell?

Our Real Estate market is HOT and it is not showing any signs of cooling down anytime soon! (Keeping in mind I am not an economist - Full Disclosure here!) Given our gorgeous weather, Florida is a natural destination for Baby Boomers to move to. It is also an innate port of entry to the US from Europe, Central and Latin America which contributes to our Real Estate growth. There is an interesting factor to be considered here though! Given the strength of the US Dollar versus other currencies particularly the Euro, Europeans would greatly benefit from selling their US properties nowadays. Let's see this in numbers. Take Mr. Perkins who bought a condo for 375,000 Dollars a year ago. At that time, he needed to exchange 272,530 Euros to buy the property. Should Mr. Perkins sell his condo today, at the same price he bought it (which we all know the property is worth more today), he would receive 347,222 Euros. A whooping 27% return on his investment! With this in mind, there are many way to contact these property owners. Tax Roll programs such as IMAPP and Realist are great to find these potential sellers and help them cash in their investments!

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