London, United Kingdom (PressExposure) October 13, 2008 -- In order to help British property buyers get to grips with the growing trend in online property auctions an Orlando-based mortgage company British Homes Group (BHG), will hold internet auction seminars on October 21st at 19.00 GMT.
The purpose of the British Homes Group "webinars" is to explain the process and answer all the questions potential buyers might have. BHG will also feature a selection of quality Florida holiday homes and other investment properties in the Orlando area that will be auctioned in collaboration with Stirling Sotheby's International Realty on November 8.
Luxury homes in Florida are at their lowest price right now, but to secure an even better bargain you need to go to auction. Experience now shows that properties sold at auction can be half price or less off current values.
For some Brits, however, bidding for a luxury home over the internet can sound daunting. The on-line auction route is a quick and definitive route to buying a home and also saves money on airfares. But how do you do it safely? And how can you be sure that what you are really buying is a bargain?
Bill Cowie, director of British Homes Group says: "These auctions are not a dumping ground for private owners to offload secondary real estate rubbish. In this market they are also a sales platform for top US developers to turn their newly completed luxury homes into much-needed cash. As a buyer you need to be aware. The first step is to make sure you are dealing with reputable companies, get prepared and familiarise yourself with the procedure. Then if your bid is successful, it may turn out to be the quickest, most hassle-free and best investment you've ever made."
British Homes Group is an Orlando-based, UK-staffed estate agency and mortgage brokerage company specializing in finding and financing Florida holiday homes and investment properties for UK residents. BHG is a "one stop shop" for all things Florida property and prides itself on offering advice and guidance with no pressure on people just enquiring about the market.
BHG has assembled a team of totally objective professional advisors on all subjects including UK and US law, immigration, tax, insurance and who will guide people through all aspects of buying a home in Florida, from on-line auctions through to buying furniture and sourcing decorators or interior designers.
The next auction on November 8th will feature a selection of properties developed by Ginn Resorts Ginn Resorts a US developer with many resort communities throughout the south-eastern US and Florida.
In a previous auction Sheila Harrison of Luton, Bedfordshire snapped up a new three-bedroom apartment at Lely Landings in upmarket Naples, West Florida for Â£100,000 ($200,000). The list price was double that at $399,000 and a near identical apartment at Lely Landings was independently valued in November 2007 for $397,000. Brian and Debbie Gill from Leamington in Warwickshire successfully bid $270,000 (Â£135,000) for a 6th floor three bedroom apartment at Oceanwalk Condominiums on the south beach area of New Smyrna Beach, Florida.
Lee Weaver, Director of Operations of The British Homes Group, says: "In all our years helping UK buyers find Florida dream homes, there has never been a better time for Brits to buy in Florida. With high supply of properties and low demand from locals, and the difficulty of getting credit here, the market has never been so full of bargains. The weak dollar against the pound presents excellent value for buyers from the UK and Ireland."