With interest rates below 4% right now – 91 % of all home purchases in the U.S. are at least partially financed – according to the NAR’s 2010 statistics.
That’s interesting because international buyers tend to pay cash and they certainly rely far less on conventional financing than domestic buyers do …. with fewer than 15% of foreign investors getting a mortgage.
Interesting too is that the number of acquisitions by international buyers (whether vacation property, or for investment purposes, or as a primary residence) continues to increase, especially in resort destinations like Miami… which bodes well the real estate market in much of South Florida for the remainder of 2011 and throughout 2012.
If you are considering buying or selling property in South Florida, top local Realtors Vicki and Alexandra Restivo, who specialize in the local South Florida/Miami Real Estate Market, would love to work with you.
The Restivo Team at EWM Realtors will help you from the start, through to closing, and after … from finding just the right house or condo for your needs, negotiating the purchase, recommending reputable and reliable service providers – mortgage lenders, architects, attorneys, home inspectors, title and closing agents…. overseeing the process … and being there for you even after you close and move in! Please contact us anytime by email at email@example.com or on our direct line 305 793-1365 (You can call or text). Vicki and Alexandra Restivo … EWM Realtors … Miami, Florida