Is America For Sale?
The US real estate market is seeing an influx of new buyers coming from overseas to purchase property. Because of the sinking value of the U.S. dollar relative to other currencies, a home bought by a foreigner comes with a discount averaging 30%, the National Association of Realtors estimates. Based on the information I heard recently at the Inman News Real Estate connect in San Francisco, these foreign buyers are buying in larger metro cities for investment purposes only.
For the past few years the online real estate community has been targeted heavily by scams, most of which are from people posing as buyers from overseas. As a For sale By Owner, not represented by an agent, I just wanted to make you all aware that some of the overseas messages you receive from your FSBO.com listing could be legit. Please use your best judgment when dealing with these type of inquiries as you would not want to miss an opportunity to sell because you immediately discard someone as a scammer.
So, do YOU see America as being “For Sale” as the rest of the world does? It appears our largest brewing company Anheuser-Busch is…..
Tags: dollar, FSBO, Real Estate, US Economy
August 20th, 2008 at 8:10 pm
America has always been for sale. Really it is. Unfortunately. people think they have the money to purchase it and they really don’t. Our homes are FSBO because we truly understand the value of what we have and we will not give it away. America is a great country in which to live. But many families are living above thier means and do not know how tho make real sacrifices in order to place themselves in a better place henceforth greed and vanity has brought us right to where we are now. FSBO will save you lots of money and give you an oppurtunity to see where you are going.