Tuesday 8th May 2012
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Buy at the Courthouse with our local experts in Florida –
Buying at the Courthouse – a new service we launched for our investors in 2011
Working in conjunction with our local team of experts, we can offer a bespoke bidding and buying service for clients dedicated to buying property that has been put up for sale in the American courts. Through the bidding process many properties are available for significantly lower prices than expected, meaning knowledgeable investors can turn a profit quickly, while holiday makers can find an ideal second-home in the US for a discount price.
How does this happen?
Due to the recent financial crisis to hit the USA, many properties have been put up for auction through the courthouse system, in order to secure a fast sale. With the necessity to secure sales, a lot of the properties are auctioned off for significantly less than their actual worth.
As the US economy emerges from recession, these auctioned properties have the capacity to increase in value, and dedicated investors can capitalise on their bargain bid and make a strong profit in a matter of months.
For example last year: On the 30th of July 2010, a property was auctioned off for $154,000, by the 15th of October 2010, it was sold for $202,000. A gross profit of nearly $50,000 in three months demonstrates the significant potential for lucrative investments.
But this service is not just for the real estate investors. People who holiday or work a lot in the States, or just wish to have a second home abroad, can capitalise on the bargains available through the foreclosure court system, and find a suitable property for a moderate price.
How does our service work for you?
Working with Terence Hawkins who heads up our locally based team, we help establish a service tailored to your requirements. By establishing a property wish-list and budget, Terence will research and locate a selection of properties that match your criteria. Once finalised, Terence and his team will bid on your behalf at the courthouse for the properties you want; if the winning bid is yours, then the property is yours.
It is as straightforward as that.
As Terence puts it: “Tell us what you want and we’ll find and buy it at the courthouse; saving you thousands of dollars off the current market value”
For Serious Buyers
One thing to keep in mind; this is a very secure service but requires dedication from the buyer. Payment for the property is needed to in full and on the day via cheque from a US bank account (this can be set up via our team). There is a buyers fee that is a % of the property purchase price that is payable to the local team as well.
If you are interested in our latest bespoke property buying service then get in contact with us as soon as possible and register for the lots that are sold at the Court every day (free service) and take a look at our rolling results list to see some of the recent deals that have been secured in the courthouse. Your ideal property could just be a bid away.
Many Case Studies and Client Recommendations on Request
Make sure you contact us to join the mailing list
Contact Chris@girasolhomes.co.uk or register via the site
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Monday 2nd April 2012
The professional property finders Girasol Homes have decided to withdraw from Property Sales in Cyprus, poor local economic conditions and the difficult property market and partnerships have made the decision straightforward.
High levels of property sales in Spain and in other markets have reinforced the decision to concentrate on markets which are continuing to bounce back and with the majority of clients looking to buy in Spain, USA and Portugal it makes economic sense for the company to service it’s core markets.
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Thursday 29th March 2012
Overseas Property Finders Girasol Homes have just begun their new Facebook Page and so far have over 1500 members, this page is updated daily with tips, tricks and the latest hot properties for sale in Spain, Portugal and investment properties across Florida, Europe and the United Kingdom.
Established in 2006 Girasol Homes is recognised as one of the expert property finders for Overseas Property in Spain, Portugal and the USA. This is also the case with its new services for investors at Property Investor Supermarket.com
Discover the new page at http://www.facebook.com/girasolhomesuk
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Saturday 10th March 2012
€530 Billion Euros Set To Boost The Eurozone Property Market And US Recovery Sign
This week 800 Euro zone banks tried to replicate Americas success in raising consumer confidence and brought €530 billion in the largest ECB liquidity operation of its kind.
To be clear this is not a Greek style bailout. This is a growth stimulus, which in theory should boost the property market as banks start lending again.
America initiated a similar scheme last year and since the start of 2012 America has:
Reduced unemployment by 250,000 people.
Consumer Borrowing is near a 10 year high.
The DOW Jones has breached the 13,000 mark for first time since 2008.
US property prices have risen by 4.3%.
US GDP has increased by 3%
New build property is up 9.9% when compared to the same period in 2011
These figures are in complete contrast to the storm of negative media in the UK and Europe which has sapped consumer confidence to the extent that potential buyers are tuning off and walking away from fantastic buying opportunities. Fortunately a lot of professional investors feel the recent surge in positive US data coupled with the boom in US property prices and the 5% drop in Gold is proof that the USA has “turned a corner”.
As the saying goes “when America sneezes the world catches a cold”.
We have personally noticed a change in client activity and the mind-set of the majority of international agents we work with. With the exception of international agents with strong exposure to American and Australian clients, most agents are experiencing a slow start to the year in terms of sales but are receiving an unprecedented level of enquiries. This is a key indication that huge numbers of cautious buyers are sitting on the fence or waiting for a chance to buy, most buyers normally fit into 2 groups.
The first group are cash buyers that sit on their hands and wait for the “dust to settle” that almost always have 1 of three common reasons not to buy today.
First Group
They think the Eurozone will collapse and they feel more comfortable leaving their money in a bank. In reality the collapse of the Eurozone would cause Financial Armageddon and the first thing to go in the UK would be the finance sector which would cause the banking system to fail. Think Northern Rock times 100. If you’re one of the many who feels this is a possibility ask yourself, would I rather leave my money in a bank which is not generating me any interest and wait for the banking system to collapse or should I buy a hugely reduced, tangible asset?
The majority of cash buyers waiting for the “right time” feel property prices will continue to fall whilst the Eurozone problem continue to dominate the media. On Wednesdays Mario Draghi, President of the European Central Bank (ECB) said that a “a major, major credit crunch” had been averted in Europe. This has and will continue to inspire confidence in the future of Europe, especially once the record breaking investment becomes available in the shape of loans and mortgages.
Furthermore if you are waiting for prices to fall in the areas most heavily affected by the economic downturn like Spain you have to ask yourself how much further can prices go? Can sellers reduce their property price even further? The answer is no as a lot of sellers have started taking their property’s off the market in response to buyers bullishly trying to negotiate on hugely reduced properties?
The governments cannot allow this to happen and have stepped in with the €530 billion to turn things around.
The third reason normally relates to seasoned investors whose appetite for risk goes up when the average person loses all confidence in the markets (these are the people that make the most money when the average person thinks everyone is losing money, the same people that brought oil and gold during the banking collapse. At a time when the media last told you the world was going to end these investors doubled and tripled their investment in the safest sectors in the world). They have seen exchange rates move by as much as 12% in their favour as property prices have decreased.
Since the banking grant was released on Wednesday our currency broker has experienced a surge in clients buying their currency on a forward contract. It’s been noticed that the clients buying are mostly seasoned investors who feel we are looking the bottom of the market.
Second Group
The second group represent the majority of potential buyers that need a mortgage in order to buy. The €530 billion will take some time to circulate through the banking system in order for the average person to receive a mortgage. When mortgages do become available what do you think will happen? Do you think buyers will turn down the opportunity to buy half prices villa in the sun? I don’t think so.
If you are a cash buyer you wont get a better opportunity to buy than the one today! Professional investors and representative’s for companies from Scandinavia, Russia, China and America are already buying. Let us know how we can help.
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Thursday 23rd February 2012
Following on from a very successful 2011 Girasol Homes would like to expand its partners network in 2012 across New Regions of Spain.
Looking to be the leading Spanish Property Finding company in 2012 we are looking for leading specialists in certain, well regarded and priced areas of Spain.
We have a tried and trusted and very successful system that works for our partner agencies across 22 locations in Spain and Portugal.
Now in our 6th year of operating we expect to have another tremendous year of sales and effective collaborations.
Girasol Homes are full AIPP Members.
Please contact us at info@girasolhomes.co.uk for a confidential discussion.
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