Newport Beach, CA (PRWEB) March 27, 2008 -- A new luxury home valued at more than $700,000 for a buck seems too good to be true, but that really was the starting bid for several of the homes in an online auction currently on the Freedom Realty Exchange website (www.FRE.com/193R4). With about two weeks until the bid deadline, prospective homebuyers are jumping on the bandwagon and bidding to get a deal on one of more than 60 brand-new, luxury homes located in several cities across the California Central Valley.




The online auction includes 15 homes in Gridley, a quaint community between Chico and Yuba City; 18 homes in Lathrop, a short commute from the San Francisco Bay Area; and a total of 29 homes in Madera and Kerman, quiet suburbs just outside of Fresno.


Though originally priced as high as $715,000, the Freedom Realty Exchange (http://www.FRE.com/193R4), which is part of the LFC Group of Companies, the nation's premier online real estate auction marketing firm, is offering these homes with minimum bids as low as $140,000, in addition to the model homes that started at $1. Although most of these model homes are no longer going for their $1 minimum bids, their current high bids are considerably low, so interested homebuyers can still purchase one of these homes at a steal if they act fast.


More exciting news for homebuyers is the recent announcement by the Federal Housing Administration that FHA loan limits in these Central Valley (http://www.FRE.com/193R4)counties have increased significantly, affording potential homebuyers an even better opportunity to buy a new home.


The spacious homes feature three to five bedrooms and two to four bathrooms, and range from approximately 2,000 sq. ft. to over 3,500 sq. ft. Many of these beautifully crafted homes are fully-upgraded and include attractive features like hardwood floors, granite countertops, central air conditioning, energy efficient windows, recessed lighting and walk-in closets.


"What differentiates these homes from all of the competition out there is that they have been built to the highest standard of quality," says Kelly Lovegrove, Director of Operations at the LFC Group of Companies (http://www.FRE.com/193R4). "We have received rave reviews from prospective bidders who have gone out to visit the properties over the past few weeks. They have expressed how beautiful these homes are and even compared them to 'celebrity' houses," continues Lovegrove.


There has never been a better opportunity to get a deal on that new, luxury California home you've always dreamed of. Forget wasting an entire day at a foreclosure auction in a hotel ballroom or convention center, this online auction makes it simple and convenient to purchase a gorgeous new home at a great price. The bid deadline is Thursday, April 10, so there is still plenty of time for interested buyers to visit the homes, prequalify for financing and place a bid with the click of a mouse. For more information and to register to participate in the online auction, go to www.FRE.com/193R4.


Freedom Realty Exchange - part of the LFC Group of Companies

For more than 30 years, the LFC Group of Companies have served numerous Fortunate 500 companies, real estate developers, investors, financial institutions and government agencies by auction-marketing thousands of commercial, industrial, land and residential properties with an aggregate value well in excess of $5 billion. www.FRE.com

United Built Homes, New Generation of Canadians Head South to the U.S. for Real Estate
PRWEB) November 10, 2006 -- In the 1960's, at a time when the Canadian dollar exceeded the U.S. dollar by 10 cents, Canadians held more than half the residential properties in Birch Bay and the surrounding neighborhoods.

The next generation of Canadians is snapping up land, houses and condos once again in Blaine, Semiahmoo and Birch Bay as the Loonie pushes above 91 cents U.S. and is expected by many economists to catch or perhaps pass the U.S dollar.

Real estate agents report that nearly half their business now involves Canadian buyers eager to find affordable weekend retreats relatively close to home and that will double as strong investments.

The last time there was this much cross border real estate activity was when Vancouver hosted the World's Fair in 1986. Expo '86 created strong growth across the border for a period of roughly 4 years following.

With the 2010 Winter Olympics fast approaching, savvy buyers are shopping early to avoid the anticipated price run ups that widespread regional exposure could create. Add the fact that there are more homes listed for sale today under $300,000 in Whatcom County, than in all of the Lower Mainland and it's no wonder you're as likely to run into your neighbor strolling the beaches of Birch Bay than you would running into a neighbor in Victoria or Kelowna.

Recent Buyers like Duke and Carol Carpenter of Burnaby sum it up best, "We were looking for a weekend retreat that was easily accessible, affordable and that had good upside investment potential." They bought their golf course home in a gated community in June of this year.

The weekend migration to second homes just across the border has become so popular that a group of leading developers, builders, bankers and real estate experts have joined together to form the "Rising Tide Marketing Group." Their newly launched Website is intended to help introduce Canadians to the region as well as showcase properties and attractions in Blaine, Semiahmoo and Birch Bay. In addition they have focused on assisting international buyers with everything from financing options to tax benefits.

By joining together, they have helped take the mystery out of cross border real estate purchasing and have introduced many more Canadians to the benefits and pleasures of owning a second home just a few miles away from White Rock. According to the group's spokesperson Mike Kent, "We love having Canadians as our neighbors and have appreciated the contributions they have made to our local economy for decades. We are very excited to see the next generation following in their parents footsteps in increasing numbers."

Many merchants are already accepting Canadian dollars at par and every real estate dollar will buy about twice as much home in Whatcom County. Un-crowded beaches, fantastic weather (think White Rock) along with the prices of Crescent Beach 20 years ago, all add up to more and more B.C and even Alberta license plates cruising through downtown Blaine or along Birch Bay Drive on any given weekend.
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United Built Homes, Real Estate: A strong investment

Description: Even in uncertain economic times like these, history shows that real estate is one of the soundest investments a family can make. Also remember that the stock market is not the only place where people can make their fortunes. And also, you'll hardly ever hear of real-estate investors who've gone bankrupt, unlike stock market investors.

Even in uncertain economic times like these, history shows that real estate is one of the soundest investments a family can make. During the Great Depression of the 1930s when the stock market plummeted as much as 89 percent, housing prices dropped only 39 percent. So, according to most of the research on housing trends, prices continually stay at the same level as, and most often appreciate faster than the rate of inflation. In fact, the prices of houses actually increased by 10 percent during the economic recessions of the mid-19702 and the early 1980s.

The last downturn of the global stock market resulted in millions of investors who got their fingers burned. Overnight, life savings were eaten away, retirement funds went into decline and the economic forecast for all of us who had any money invested in stocks and shares was gloomy, to say the very least. And as a direct result, investors sought alternative asset classes to invest their hard earned money in. This has led to a global boom in real estate markets and property prices, and has spawned a generation of budding real estate investors.

However, the opportunities to make big, quick profits in residential real estate tend to come and go. If the local market is hot, families might get to buy and sell a house at a profit. but, if the market is not so hot, there are chances that you'll have to hold on to the house for a longer period of time before selling it or at least till the market turns.

Tips for First-Time Real Estate Buyers
If you play well, you can be the big winners in this current environment of boom. However, it's important to draw up a good budget to help you decide what you can afford. And, once you've determined a price and picked your desired community, you can shop around to find the best house within your budget.

However, for those of you who're still uncertain about how to go about it, there are five things that might just help you close a great deal. While deciding on the house to invest in, never make the mistake of assuming anything. Instead get help from an expert if you've any doubts. Also, it's important to set a realistic budget and stick to it. You also need to consider every single area of cost and payment to make sure that there are no nasty surprises on the way.

More than Just an Investment
Residential real estate is more than just an investment. For example, if you purchase a vacation home, it will not only be a great deal when housing prices move upwards, but it can also be a place for some great vacations for your family and you.

Also, there is another advantage. The federal government believes that home ownership is so important to the future of our country that it has allowed mortgage interests to remain a substantial tax shelter for families. So, homeowners are allowed deductions on their property taxes. And, the profit on the sale of your home remains tax-free as long as you buy a house for a greater or equal price.

So, before you decide that residential real estate investment is not exactly your cup of tea, re-examine the financial benefits of owning your own home. Also remember that the stock market is not the only place where people can make their fortunes. And also, you'll hardly ever hear of real-estate investors who've gone bankrupt, unlike stock market investors.