Buying a property in Florida: the best decision
Buying a property in Florida ? For 18 years, Odney Bredy has been a real estate agent in Florida. His company, Odney Bredy Global, has several offices in Davenport, Orlando, Miami and Tampa. All of them are located immediately from the strategic places of this state. The market, more dynamic than ever, represents for investors a providential windfall. Profits, in the short term, are very important.
Meeting with Odney Bredy, partner of Agence Etoile, French and international network and member of the World Property Business Club.
How is real estate doing in Florida?
Very good ! I specialize in residential real estate. I offer houses, and apartments all over Florida. And with interest rates still low, the real estate pressure is real. This is why, when a seller puts his property on sale in Florida, it’s necessary to decide very quickly. The average price of an apartment or house is about 500,000 euros. When this sum is available or can easily be borrowed, the investment opportunities are numerous. Overall, there are between 15 and 20% of international buyers. Currently, we have many Canadians who wish to buy a houseor apartment in Florida. The other investors are mostly British and, for 7 to 8% of them, French.
How do you deal with foreign investors?
The health crisis has boosted the use of the Internet in real estate. We were already very much users of the Web before, but today this trend is growing. Thus, the entire transaction can be carried out virtually. For this, we schedule a detailed appointment with the investor. Tors points (budget, type of bien, location…) are discussed. I then propose goods corresponding to his request. I then make avirtual visit and can conclude the distance sale thanks to the electronic signature. It takes about a month to buy a property in Florida and complete the entire administrative procedure. But the deadlines can also be shorter. For example, I recently sold a house in Tampa in just two weeks. This is a sign that people who want to invest know that there is no time to lose! Good deals are currently running the rues. It’s simply necessary to be reactive.
What agreements have you concluded with the Agence Etoile network?
I met André Perrissel almost three years ago during areal estatemeeting. Very quickly ,we identified the interest of offering our respective clients the opportunity to invest abroad. Some of my American clients are in love with France and are looking for investment opportunities in Paris or in Provence. Conversely, some French investors do not hesitate to cross the Altantic to acquire property in Florida. They can, at the same time, go there themselves punctually, or bien rent their house or apartment.
Platforms like Airbnb work perfectly in Florida. Whatever thereal estate project, investing in Florida is not a risk. It’s always a good decision. With two exceptions, in 2009 and 2013, real estate is doing very well. André Perrissel and I are members of the World Property Business Club. We will therefore exchange visibility on our respective websites. We will highlight the offers likely tointerestinvestors, on both sides of the Atlantic. In addition, with the Internet, we will be able to process property searches, visits and all administrativeformalities remotely. This is to optimize the time of transactions of our customers.
What advice would you give to French people wishing to invest in Floride?
I would tell them not to pay too much because the bank interest rates are stillquite low. This is the time for those who want to invest, to do so. You should know that buying a property in the United States is an excellent way to generate a quick profit. For example, last year a friend of mine bought a house for $400,000. And now she’s soldit for$460,000, after less than a year ! I can also cite the example of someone who came to buy a small house here in Florida for $150,000. After keeping it for 2 or 3 years, she sold it for $209,000.
So I really hope that more and more European and French people, guided by the network of Agence Etoile, will take the step to benefit from these excellent opportunities !
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