Canadian Investors – Buying Long Beach Real Estate in Southern California
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The strength of Canadian currency and the weakness of US currency has created a unique opportunity for Canadian real estate investors and snowbirds here in sunny Long Beach California.
Long Beach Real Estate has always been the most affordable beach front and beach close property in Southern California. Smart investors purchase in a buyers market before prices reach the bottom, affording them the further opportunity of receiving seller concessions; further sweetening an already desirable deal. Long Beach real estate prices are rapidly approaching the 2005 range, this is a good time to consider the purchase of luxury vacation condos or homes, or investment properties.
Alamitos Beach Luxury High Rise Condos once unaffordable to most have returned to the affordable range and are stunning; set on the sand like sentinals overlooking Long Beach Harbor. In Long Beach, we have many communities that would be suitable for a Canadian investor to consider for any reason. Downtown Long Beach and Spinnaker Bay are also extremely good choices.
An investment in Long Beach or Southern California real estate at this time has incredible benefits to the Canadian buyer. As markets correct themselves and US currency returns to its former strength Canadians will realize large profits upon resale of these properties due to exchange rates, while having had the time to enjoy them to their fullest.
Can Canadian investors get a mortgage in America? For Canadians who wish to buy an investment property, the downpayment requirement is usually 35%. Canadians who want a vacation home may need as little as 25% downpayment. While these may seem to be large down payments Brian goes on to explain the reason to be the risk involved.
If you are considering the purchase of a luxury vacation home or condo, or an investment property in Long Beach or other areas of Southern California I invite you to search the entire MLS free. Searching the MLS will familiarize you with the many opportunities available to you. If you need assitance please do not hesitate to contact me.
| Laurie Manny Long Beach Realtor (562) 212-5420 |
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| Main Street Realtors Belmont Heights 244 Redondo Avenue Long Beach California 90803 |
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