It is no secret that real estate is one of the more popular investments people choose in order to get their money’s worth in the long-term. If you have several parcels of land and are considering cashing in on one of them, you’re in luck. There is a lot of demand for real estate in Florida, particularly from Canadians. The Financial Post reports:
… Canadians spent $2.2-billion on Florida real estate last year, easily making them the Sunshine State’s No. 1 international buyer of real estate.
Canadians — most of them paying cash — were behind 31.6% of all international transactions, according to a report Tuesday by the National Association of Realtors for Florida.
There’s no country that even comes close to Canada when it comes to buying, with No. 2 United Kingdom accounting for 7% of all international purchases. Canada has been number one for seven straight years, cooling on Florida real estate after a 2011 peak but rebounding since.
Cape Coral did well as 10 percent of Canadian buyers bought property in the area. With warm weather throughout the year, it isn’t very difficult to see why the demand is so high—and this is something you can take advantage of. If you’re ready to sell some of your lots, here are a few tips to help make the process easier for both you and the buyer:
Ready Your Documents
It’s common sense to provide your Cape Coral, FL real estate agent with a copy of the title and land survey maps. However, you should also present a copy of your tax receipts. Don’t forget that real estate agents need to present these documents to prospective buyers, and that no one wants to buy a tax delinquent lot. If your land has a building permit, be sure to give a copy to your agent as well.
Ask Your Neighbors
In many cases, your neighbors make an ideal buyer. After all, they are already familiar with the lot and its boundaries. If they are looking to expand the size of their property or simply want to invest in land, they are more likely to pounce at the chance to purchase real estate so close to home.
Work with a Pro
It may seem similar at first, but selling a home is different from selling a lot. Find a Cape Coral real estate service, like Cape Coral Lots, that has experience in selling lots. These professionals are well-versed in the differences in marketing techniques, increasing your lot’s exposure, as well as your chances at selling the lot quickly.
(Source: Foreign buyers taking over — this time it’s Canadians in Florida; The Financial Post; September 9, 2014)