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A chance, right now, to buy American foreclosed property for a FRACTION of true cost
Property prices haven't just declined in certain places in America, they've collapsed. And right now they are at rock bottom. In fact, like all boom and busts, they've overshot and are at frankly silly levels. To the extent that it's hard to get your head around it. This is America, after all.
Simply speaking, American repossessions represent huge value for money. And all the more amazing when you consider this isn't in some third world country, but America. Still the world's number one economy. The land of Hollywood, Cadillacs and eat-all-you-can-diners! Don't think this situation will last long. It won't. Local and international investors are buying up such property, prices are rising, but some big bargains can still be found. Like the properties on this website.
Values on properties like these ranged from $120,000 to $350,000 as recently as early 2007. Now on sale here for as low as $36,000!
And that price include refurbishment, ready for tenant placement!
Crazy, we know, but that's the opportunity brought direct to you now.
Get your gift from Uncle Sam
How can houses be sold for so little? The answer is public money. The banks can afford to write off mortgages of $70,000, $100,000 and more which were typically held on these houses because billions of government money is being poured in to their businesses. In short, the American government is subsidising your investment! No other country could do this.
Where else is it better to invest some cash? Certainly not the stock market, unless you like sleepless nights. And not UK property either. Although it's dropped in price, no way has it gone down like these American properties. The surplus air hasn't just been squeezed out of the property market there, it's been stamped out completely. Preparing the market for rebound. Now that prices are as flat as a pancake, the only way is up.
The market bottom has been reached. Now it's up!
In fact, we have found prices going up in recent months. As much as 25% on some properties. Local investors and home buyers are regaining some confidence and buying. Plus there's all sorts of Federal subsidy available, such as up to $8,000 tax credit for any US citizen buying one of these American property bargains.
A genuine opportunity
No catch, just freehold detached property, with clean unencumbered title going for peanuts. However, don't think such property can be picked up anywhere, by just clicking away on the internet, for example. We do lots of work on the ground in USA searching for this bargain. Avoiding cheap properties that come with attached liens and debts, or in worst neighbourhoods. Our good links with Banks, mortgage companies and other property sources ensure the very best value for our clients.
Important notice
Also, very importantly, the property offered by us is genuinely available. Your reservation fee secures the property. We do not take a reservation fee and then go looking for a property. If it’s on this website, it’s available.
Rental return on investment is usually at least 20%. And that's not taking into account massive capital benefit as the market heads back to something more normal.
Accurate information
Many of our clients buy at distance, so need objective information. We collect up to date data on property sold, such as previous recorded sale values, what loans were on the property before and realistic rental income. Not our opinion, but accurate figures that are used by mortgage companies and realtors as a basis of valuation.
Detroit – America's industrial heart
For a good rental market it helps to have a big city market, such as Detroit. This city has large car and medical industries underpinning them and most of our properties are close to such big employers. The American government is providing billions in support for the car industry, supporting new "green" electric car initiatives and medical care is in long term growth. Plus large sums have been allocated for regenerating areas badly hit by the recession, such as grants to renovate houses and new large building projects.
Plus, Detroit has an unrivalled reserve of attractive, usually brick built houses.
Other badly hit areas in the Great Lakes area do not have the stategic importance or rental market of a 5 million persons city like Detroit.
Atlanta – a City to grow your property profits
The fastest growing metropolitan centre in America has got to be the place to buy your investment property in. Over 76,000 people were added each year to its population over the 10 years to 2008, bringing the population of the greater Atlanta area to nearly 6 million. Although the recession has made it difficult for as many people to sell up and move they’re still coming.
No wonder. There are jobs as the city hosts 75% of the Fortune 1000 companies in the USA, with names like Coca Cola, CNN, Delta Airlines and a heavy duty financial sector. This underlines the place’s status as “Capital of the South”. It even has the fastest growing number of millionaires in USA!
Last but not least, the warm weather is attracting migrants from the cold North. Even in January, the temperature rarely falls below 11 degrees C. And in summer it really warms up!
The weather of Florida without the cost and crowding
Georgia is just next to Florida and shares much of that’s states warm weather, although not so sticky hot in summer. Perfect climate and a great place for a vacation.
The properties we select are selling way below even present depressed value . Prices are rising on such houses, so from day 1 you are making rental income + an instant capital gain on current market value and ongoing capital gains –which have every likelihood of being very substantial.
Where else in today’s market can you find such solid, yet high earning investment? It’s very safe as all the excess air and more has been squeezed out of the property’s value. Mortgages of 200,000 have been written off on houses like this. The Bank’s loss, but your gain.
Phoenix, Arizona - A growing economy
Arizona has a lot going for it. Stunning scenery, including the Grand Canyon and an economy that is beating just about any other state in America for recovery. Growth is set for 3.4% in 2011 and the state capital Phoenix, where P4P are focusing, began adding jobs last year (2010) and is among the best job gainers in the country, according to a Brookings Mountain Monitor report.
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In addition to its tourism attraction, Arizona is tipped to become the U.S. leader in solar manufacturing and technology. Phoenix is the 6th most populous city in the United States with 1.4 million in inhabitants and its Metro area takes in over 4 million people. Companies like Amazon base important distribution and offices there.
The phoenix property market took a sharp dive in 2008 and we now view 2011 as a good time to invest, to take advantage of depressed prices that are bottoming out.
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Buying process
Anyone can buy and there is no need to go to America – ever! We have clients from all over the world:
 
The purchasing steps are as follows. Please note, this schedule is for property needing renovation. For properties in a ready to go condition, balance payment is usually paid in one sum about a month after deposit is paid.
Reserve the property with a deposit of $2000 plus notary fee of $500. At this point a Preliminary Contract is signed.
Approximately 2 weeks later an instalment of 50% is due.
Approximately 2-4 weeks after that a 3rd instalment of 25% is due.
The final 25% is due when tenants have moved into the property.
The total sale process is approximately 8 weeks from start to finish. This can be shorter if property has already been refurbished. No need to travel to America to purchase.
All properties offered have gone through checks at a Title company to ensure no liens or other debts. Property transfer cost only $800 in Detroit , $1000 in Phoenix and $1200 in Atlanta.
This opportunity is for now, not later.
After the carnage of the past few years, the American property market is starting to pick itself off the floor. Of course, one can't generalise too much with a country the size of the US and it's our job to identify the places that offer the very best value.
But aside from the wider US economy, an important point to bear in mind is the “Pivot effect”. When too many foreclosures are dumped on the market, as was the case early until recently, local and international investors can’t absorb the property and so prices crash. But once supply dwindles and investors have caught on and are mopping up the bargains, prices will swing sharply back up. It’s not a gradual process. A sharp movement down, overshooting, following by quick adjustment up. Not to Boom levels, for sure, but anywhere near normal should bring big profits.
But generally, prices are now rising up from the floor and there's a window of opportunity in 2011 to 2012 to secure bargain property. Just sit on the property, or improve and rent out. Either way, there should be very worthwhile gains as the market stabilises.
Contact our USA sales managers to secure your Detroit Property Bargain Now!
Call Dan, on 00 44 (0)151 324 0324 / 00 44 (0) 7809 647 987
Email: dan.pennington@thefps.com
or Paul, on 0845 0944 650 (Outside UK: 0044 845 0944 650 / 0044 1622 766 196)
Email: paul@thefps.com
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01/30/2011