Based on a survey of REALTORS®, taken from April 2014 through March 2015:

  • An estimated 209,000 houses have sold to foreign buyers over that time period, approximately four percent of total Existing Home Sales.

  • The total foreign sales dollar volume is estimated at $104 billion, approximately eight percent of total Existing Home Sales dollar volume.

    Sign Up for E-News

  • Foreign clients paid, on average, nearly $500,000 for a house, compared to the overall U.S. average house price of about $256,000.

  • Sales to foreigners are split between resident and non-resident purchasers. Resident foreigners may be in the U.S. for business, educational, or other purposes. Non-resident foreigners are typically looking for a vacation or investment property.

  • Five countries accounted for 51 percent of purchases by foreigners: Canada, China, Mexico, India, and the United Kingdom.

Living close to New York City, in an area with International corporations, and close to Universities and Colleges that attract international students, it is important that Real Estate professionals market to International Buyers.

To tap into the International Buyer and give your property the marketing edge -- or if you are considering buying an International property -- consider working with a Real Estate Professional who is:

  • Global Property Specialist (GPS)

  • Advertises properties on Global Websites

  • Markets properties to international Buyers with translated materials

  • Networks with International Realtors and local experts in International Real Estate like Attorneys, Accountants, Mortgage Brokers

  • Understands and studies cultural differences in transacting business

  • Certified International Property Specialist (CIPS)

Considering buying an International property? The robust US dollar, coupled with depressed asset prices throughout many markets around the world, creates opportunity for investors looking to purchase property outside the United States. American investors will find that their cash can buy much more than it did this time last year.

For example, if an investor had US $400,000 to spend on a property last spring, they would have been looking at properties listed at €293,000. However, a year later, US $400,000 equates to €363,835 -- a difference of more than €70,000!

Lynn Reed is a Real Estate Professional with Keller Williams Realty in Summit, NJ. She is a Global Property Specialist (GPS), who is in the process of becoming a Certified International Property Specialist (CIPS).
 
Real Estate transactions can, and should, be pleasant and stress free! Lynn Reed will:
 
- LISTEN to your real estate needs
- ACT as your fiduciary
- COMMUNICATE with you
- GUIDE you and be a resource to you
- WORK together with you to meet your objectives
- NEGOTIATE on your behalf
 
You can reach Lynn at LynnReed@kw.com or 908/ 273-2991 x126.