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Foreign Investors and Foreign Buyers

By Steven Bastian

Real Estate Agent with Coldwell Banker #3178131

November 14, 2007 01:50 PM

Quick Question about Foreign Buyers and Foreign Investors.

I have been in the real estate business for only 1 year and have been quite successful with friends and family members. However, I am interesting in capturing the foreign markets with me being German and speaking the language. I have been looking into the CIPS certification but how can I capture the foreign buyer. From all of my friends that I still have in Europe (specifically in Germany) people seem to be still afraid to invest here in the USA. Has anybody been successfull attracting foreigners to come to the USA?

Thanks - Steven

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Zsolt Kovacs

Tyler Property Management, LLC - Port Orange, FL

CIPS, TRC, CMCA, LCAM

Hi Steven,

According to an article that was published in the FAR Magazine's September or October issue, the Orlando area REALTORS have done over 120 Million Dollars worth of real estate transaction with foreign nationals in the first 6 month of 2007. I think that qualifies as "attracting" buyers to Florida. Your neighbourhood is also a favorite among foreign investors and buyers.

One of the things that I learned from other European real estate agents is that, most of the foreign buyers that buy 2nd homes in the U.S. are not interested in traveling more than 1 hour from the airport that they land at. That is the primary radius that they are looking to buy property and it does not necessarily have to be on the ocean, they are now looking more and more for eco-tourism, nature- and equestrian trails, shopping and arts.

I do not want to repeat things, but there is a post from Chuck Williams that I responded to and it might give you some more info.

Zsolt

Jan 14, 2008 06:19 AM