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Working With International Buyers
Will working with international buyers affect your real estate transaction? Every buyer and seller - and every transaction - is different. That is what keeps us as Realtors on our toes since it is so important to manage expectations on both sides of the deal.   When you add to the mix an international buyer, it can take that roller coaster ride to a whole new level!
How Many Homes Do International Buyers Acquire Each Year?According to the National Association of Realtors (NAR), about 209,000 houses were sold to resident and nonresident foreigners between April 2014 and March 2015. Foreign buyers spent more than $100 billion on U.S. homes, and realty agents who dealt with international clients reported an increase of 7 percent from the previous year.
International buyers purchased $153 billion worth of existing homes in the U.S. from April 2016 to March 2017.  They bought 284,455 properties, a 32% increase from the previous year. However, despite how impressive that sounds, it represents only about 5% of existing-home sales.
"The political and economic uncertainty both here and abroad did not deter foreigners from exponentially ramping up their purchases," Lawrence Yun, NAR's chief economist, said in a statement. "Foreigners increasingly acted on their beliefs that the U.S. is a ... more

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