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International, Out-of-State Home Buyers in Central Florida Finding Great Values that Locals Often Overlooked, Roger Soderstrom Says

Tuesday, May 31, 2011 / Stirling Sotheby's International Realty

ORLANDO, Fla. --- International and out-of-state home buyers in Florida are finding great values that local home buyers are overlooking, says one prominent realtor.

Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty in Orlando, said international and out-of-state home buyers tend to look at Florida housing opportunities with un unvarnished eye.

“Floridians have been so inundated with how bad the market is that they’re overlooking that our market has bottomed out, and all of the great values that are now out there,” Soderstrom said.

Outsiders, including buyers from overseas, are finding a lot of Central Florida property priced well below property back home, and much lower than prices they may have experienced two or three years ago in Florida,” he said.

Luxury home specialist Dan Natoli agrees.

“Many excellent Central Florida homes are substantially undervalued, and the opportunities here are tremendous,” Natoli said.

“Sometimes, it takes an outsider to see the obvious, and that’s what is happening here. Some of the very best values are going to newcomers, international vacation home buyers and second home buyers,” Natoli said.

Natoli said the supply of undervalued properties is declining.

“The pool of listed homes for sale overall is declining,” Natoli said. “Currently, less than 11,000 homes are listed for sale in Central Florida and that’s the lowest in more than six years,” he said.

Natoli said some homes are seeing multiple offers for the first time in years.

“Stirling Sotheby’s is very aggressive in marketing homes to buyers throughout the U.S. and around the world,” Natoli said.

“In many cases we are creating markets for luxury homes and waterfront properties that are significantly larger than the Central Florida region,” he said.

About Stirling Sotheby’s International Realty  
Stirling Sotheby’s International Realty is affiliated with Sotheby’s International Realty, the largest luxury real estate brand in the world.  Stirling Sotheby’s exclusive services include luxury residential, new homes, commercial, property management, in addition to supporting builders, developers, lenders, and asset managers.  The company operates three performance zones which serve all of Central Florida.  Visit www.StirlingSIR.com

 



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