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Chris Elizabeth Griffith ~ Bonita Springs Fl Real Estate

The Illusion of Foreign Buyers



The Illusion of Foreign Buyers

The Illusion of Foreign Buyer’s in the Bonita Springs Real Estate Market

The headlines make for great copy - “The British Are Coming”, “International Buyers Flock to Florida”, “Foreign Buyers Scoop up Florida Real Estate”. There has been enough coverage of the alleged foreign invasion to actually convince the public that it is largely true. Many people have been led to believe that Florida is so full of Foreign Nationals buying up real estate that it could snap off and sink into the Gulf of Mexico.

Listen, I don’t doubt for one minute that we still have our usual amount of European buyers. We may even have a few more Canadian buyers. What I do doubt is a marked increase simply because the dollar is weak against the currency of a few particular countries. Just because there is leverage against a Foreign National’s currency, it doesn’t mean they are taking full advantage of it. The are many more economic conditions that influence a buyers ability and willingness to buy real estate besides the value of their currency against the US dollar.

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Just a Reminder...

Cash clock

It’s that time of the year, citizens of Bonita Springs. Don’t forget that tonight, at precisely 2:00 a.m. your clocks move ahead one hour and the value of your real estate gets moved back to 2004 levels.

Check your batteries in your smokes and CO2 detectors, too.

Related Post

Bonita Springs Blues Festival March 15, 2008

Riverside Park Bonita Springs

Bonita Springs Blues Festival March 15, 2008

The second annual Bonita Blues Festival on March 15 at Riverside Park in Bonita Springs.

The concert will run from noon-8 p.m. Tickets are $10 in advance and $15 at the gate. Children 12 and under are free. The festival will feature fabulous blues bands, diverse and sumptuous food, and vendor booths.

Featured bands and artists include:

  • John Mooney, will headline the second annual Bonita Blues Festival.

    Blind Pass - a six-piece bluesy and funky progressive experiment with groove-oriented music.

  • Little Eddie and the Fat Fingers - a band that creates a sound reminiscent of the 1940s Chicago scene, 50s Boogie Woogie and early rock n’ roll.
  • Albert Castiglia - a leading guitarist and vocalist whose acoustic side is pure Delta and is considered to be among the next generation of hot, young, blues-committed guitarists.
  • Frank Corso - Corso has been playing country blues and ragtime guitar for many years. Centering himself in the Delta-style slide guitar in the tradition of Robert Johnson and ragtime and east coast Piedmont styles such as Rev. Gary Davis.

The net proceeds from the Bonita Blues Festival will support the Immokalee Friendship House, the Shelter for Abused Women & Children and Healthy Start of SW Florida. For tickets and additional information, call 947-0715 or visit bonitabluesfestival.com.

Printable brochure for the Bonita Blues Festival here.

To learn more about the Bonita Blues Festival, visit the Official Bonita Blues Festival Website.

Riverside Park is located on Old 41 Road in Bonita Springs, Florida just south of Everglades Wonder Gardens. Directions from I-75 exit 116 to West on Bonita Beach Road to North on Old 41 Road to Festival. Directions from US 41/Tamiami Trail to East on Bonita Beach Road to North on Old 41 Road. Google Map.

Why Your Bonita Springs Home is NOT Selling

Your agent hits like a girlToday I will be out with a lovely couple from Wisconsin looking for their Florida home. I try to stay upbeat and not hyper critical of what other agents consider "marketing" but it's a nightmare, plain and simple. It is literally a struggle for me to show your Bonita Springs home. Should it be? My buyers are searching for a home or attached villa in the $200-250,000 price point. I will be showing them eight homes that best meet their criteria of size, style, one level, two bedroom minimum & value.

Here's what the market has to offer:

  • 144 active listings meet the price criteria (not value criteria)
  • 90 active listings have a two car garage
  • Just from this point your home has only a .09% chance of being shown to my buyers before your agent even screws everything up.

What else would sell the other 88 homes to me? Yes, me. Your house has to be sold three times, by the way. To the agents, to the buyers and to the appraiser. First, what would make me show any of the other 88 homes to my buyers?

Click here to continue reading, but only if you can handle the truth.