World Wide Dreams
If you dream of owning a property abroad, but find the prospect quite daunting World Wide Dreams are here to help make your dream a reality.
World Wide Dreams are Real Estate Consultants here in the UK who specialise in Real Estate opportunities in Florida. Utilising our personal experience of purchasing and owning properties in the Sunshine State, combined with our financial services, banking, regulatory and property sales backgrounds, we work on your behalf here at home, in conjunction with independent Realtors in Florida.
As we and our Realtors are independent and not tied to any specific Builders or Developers we can help you find a property or investment specific to your personal requirements and budget
We can also advise you on:
- * Marketing a Holiday Rental Property
- * Management and underlying costs
- * Taxation Requirements in the US
- * Currency Exchange
- * Mortgage and Utility Costs
Whilst we all appreciate the traumatic financial situation both here in the UK and in the USA, with house prices dropping to a fraction of their former value and banks taking back ownership of properties, green shoots are starting to appear Many of the bank owned and foreclosure properties have now been sold and genuine sales are appearing back on the marketplace. These are ideal rental properties, still fully furnished and operational, they offer the opportunity to start renting them out either on a long term or holiday rental basis. Please read the article below for an insight into the market: Pending sales and median prices rose, while the inventory of homes for sale dropped in Florida’s housing market in February, according to the latest housing data released by Florida Realtors®. “Growing optimism about the economy, gains in the state’s jobs market and continued low mortgage rates are generating interest in Florida real estate,” says 2012 Florida Realtors President Summer Greene. “Increased statewide pending sales for both single family existing homes, up 36.1 percent, and for townhouse-condo properties, up 19.8 percent, show that buyers are encouraged by these positive signs.” Pending sales refer to contracts that are signed but not yet completed or closed; closed sales typically occur 30 to 90 days after sales contracts are written. The statewide median sales price for single-family existing homes in February was $134,000, up 7.2 percent from the year-ago figure, according to data from Florida Realtors Industry Data and Analysis department and vendor partner 10K Research and Marketing. The statewide median for townhome-condo properties was $95,000, up 15.9 percent over Feb. 2011. The median is the midpoint; half the homes sold for more, half for less. Housing industry analysts note that sales of foreclosures and other distressed properties continue to downwardly distort the median price because they generally sell at a discount relative to traditional homes. “The overall picture that these statistics show is of a stabilizing housing market,” said Florida Realtors Chief Economist Dr. John Tuccillo. “While closed sales are down, so are listings and so is inventory. These are signs of a market that’s moving from being a buyer’s market to a balanced market. “For the past year, median sales prices have been slowly rising; and over a longer period of time, prices have really flattened out – again, signs of an improving housing market.” The interest rate for a 30-year fixed-rate mortgage averaged 3.89 percent in February 2012, down from the 4.95 percent average during the same month a year earlier, according to Freddie Mac.
