Is America For Sale?
Tuesday, July 29th, 2008The 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…..