U.S. real estate attracts international buyers for several reasons: foreigners may freely own, purchase, and transfer real estate; there is a large supply of residential and commercial investment-grade real estate available; the U.S. offers a reliable system for registration of property ownership and documenting real estate transactions, and the U.S. has a resilient economy and stable political climate. Also, in the case of Europe, the Euro to U.S. dollar exchange rate makes U.S. real estate more affordable, so the buyer gets “more house for the money”. For these reasons and many more, international buyers are seeking vacation homes in resort communities for investment or second-home properties.
On the outbound side, U.S. retirees are increasingly lured to the warm climates, low cost of living, and sometimes homeland ties of foreign countries. Your next client may be looking to list or buy a second home in countries that welcome retirees with reliable pension incomes, such as Panama, Mexico, Belize, India, Malaysia, or the Philippines.
Become an expert in these unique transactions –consider the Certified International Property Specialist designation classes being offered at the South Bay Association of REALTORS®, July 6 - 13. Early-bird pricing will expire on April 30, so don't delay!
Early CIPS registration - by April 30, 2010 $449 ($499 SBAOR nonmembers) full institute or $79 ($89 SBAOR nonmembers) per class
Click here for more details.
Source: National Association of REALTORS®
Wednesday, April 14, 2010
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