The Time is right for Canadian Snowbirds to Sell Florida Property

loonie image The time is right for Canadian Snowbirds to sell that property they purchased when house prices were cheap and money exchange rates were favorable.

It’s the old saying “Buy low sell high”.

The exchange rate with the loonie is currently hovering around 71 American cents – a reversal from six years ago when the loonie was around par with a U.S. dollar and 2011 when it equaled $1.05  At the same time the loonie was strong housing prices in much of the U.S. took a dive, triggered by the 2008 subprime mortgage meltdown and an economic boom gone bust.

Canadian snowbirds and investors, eagerly swooped into hot spots like Florida to buy a piece of sunny real estate at really low prices.  Today thanks to a strengthening economy, economist calculate that U.S. housing prices in a number of markets have shot up between 30% to 50%.

In 2009 to 2013 when the loonie was stronger almost all Canadians were Buyers. Today about 80% of those buyers now want to sell. Even with added costs such as possible capital gains tax, many Canadians still come out far ahead.

If I can help you or anyone you know needing real estate advice, please call or email me;

Donna Bishop  phone: 239-560-36149  or email me; donnabishoprealtor@gmail.com

 

 

About donnabishoprealtor@gmail.com

Awesome Service: I make dreams come true. I am a Real Estate Consultant. I place great value on the needs, expectations and goals of all my clients whether buying or selling. By helping they find their perfect solution. I will truly listen to you. I have 33+ years experience in all phases of real estate. I am a Loan Modification Specialist, a Short Sale Expert, and a Successful Negotiator. A certified Senior Real Estate Specialist. Former Owner/Broker of A & B Mortgage Brokers of Fl. Plus a former Appraiser. A Professional Realtor. This experience and knowledge gives me the confidence to advise you correctly. I want you to have an Awesome Experience so you will recommend me to all the people you care about. After all, a referral is sending someone you care about to someone you respect.

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