INTERNATIONAL BUYERS - WELCOME !!

By
Real Estate Agent with Sotheby's International Realty Canada - Brokerage

This morning I read two different articles that got me wondering about whether or not I should focus my marketing efforts overseas?

The first was a story about a modest bungalow selling for $421,800 over asking price.  Asking price was $759,000 and was described as "not having had a whole lot of updating since it was built in the 1960s". 

The 'successful bidder' is a university student from China with family money behind her so no worries about the property not appraising for value!  Considering she paid $1,180,800 for this dated 3 bedroom home, it is a good thing she doesn't need a mortgage!!

The 2nd story I read this morning is a little nearer and dearer to my heart as it takes place just a bit down the road from me:

Terry and Marsha Dixon, owners of our local Eagle Point Winery in Mallorytown which opened only last May, sold the 600 acres to Chinese developer, Du Zhongyi of Wuhai, China! 

The winery uses only 20 acres for their operation and the new owner has plans to 'transform the other 575 acres". 

Part of the new owner's vision is "for the 600 acre property to include a world-class golf course and country club, residential housing development of 65 homes and an expansion of the winery operation."  He expects to invest $100 million into this project.

The number 3 must be his lucky number because he say he wants to be the 3rd largest exporter of wine into China.  He is currently the 3rd largest coal producer in China.  It seems he has a diverse portfolio of investments in China, Mongolia and now Canada!

I have to say, for once I am speechless!  

Shall we hire Chinese interpreters to help market our listings overseas? 

I have a gorgeous 100 acre farm with a beautiful limestone home just outside of Mallorytown that would be a bargain for an overseas buyer . . . price?  Only $595,000 

If you're interested in investing in this part of Canada, get in contact with me, Susan Emo - let me help your vision become reality!

 

 

 

Posted by

If you're thinking about selling, I'd love to meet with you and provide a Market Analysis and go over my Marketing Plan - it is the little things that make the difference.**

 Susan Emo
Sales Representative,
Sotheby's International Realty Canada, Brokerage*
Kingston, Ontario

www.SusanEmoSellsHomes.com

 Serving the Kingston, Gananoque and the 1000 Islands Region
- come for a visit and stay for a lifetime!

*Each office independently owned and operated.
** There is nothing on this blog that is intended to solicit business from anyone already under contract with another Realtor

The opinions expressed on this blog are the personal opinions of Susan Emo

If you are a non-member and would like to comment, please feel free to contact me.

Take a moment to visit my facebook fan page at
www.facebook.com/susanemosellshomes
and click "LIKE" today! 

 

 

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Topic:
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Location:
Ontario Leeds and Grenville United Counties Mallorytown
Groups:
Realtors®
Marketing, Ideas and Methods That Work!!
Diary of a Realtor
Bananatude
Canada has Arrived!!
Tags:
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mallorytown
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investing in canada
chinese developers
eagle point winery
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Rainmaker
506,180
Ellen Caruso
Daniel Gale Sotheby's International Realty - Glen Head, NY

Susan, About a week ago a seminar was presented on dealing with overseas buyers, we are seeing a lot of the same activity, Asians buying everything!

Mar 09, 2012 04:02 AM #3
Ambassador
1,301,552
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

Hi Ellen -  I don't care who is doing the buying as long as things are SOLD!!!

Mar 09, 2012 04:07 AM #4
Rainer
136,597
Jon Eliason
EXIT Realty Advantage Pagosa, Pagosa Springs, Colorado - Pagosa Springs, CO

Susan ~ I actually use Trovit for overseas advertising. Depending on which country also depends on language. Google Translate is pretty good for this. I do get emails, once in a while, for a Designer in Sweden that shares my name. It's fun though. Using translate.google.com allows me to advertise in several languages. The Following is the translated from the first five sentences of this comment into Swedish:

Jag använder faktiskt Trovit för utomeuropeiska reklam. Beroende på vilket land beror också på språket. Google Translate är ganska bra för detta. Jag får e-post, då och då, för en designer i Sverige som delar mitt namn. Det är roligt ändå.

Mar 09, 2012 05:09 AM #5
Ambassador
1,301,552
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

Jon -  when I had a spare moment later, I was going to look up what I needed to do just what you did -  cool!!!   Thans for the tip.

Mar 09, 2012 05:18 AM #6
Rainmaker
2,346,102
Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

Wow, let us know what you find out.................sounds like a good plan for you.

Mar 09, 2012 05:24 AM #7
Ambassador
2,975,315
Anna Banana Kruchten Arizona's Top Banana!
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Susan this is a great idea...and I like what Jon suggested.  Keep us posted on the results and any other methods you discover.  

 

Featured in Bananatude


Mar 09, 2012 05:44 AM #8
Ambassador
1,301,552
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

Roger -  I'm going to give it a whirl and see where it lands me!

Mar 09, 2012 05:45 AM #9
Ambassador
1,301,552
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

Anna -  thanks for the Feature - much appreciated!

Mar 09, 2012 05:47 AM #10
Rainmaker
2,346,102
Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

Why not!  Someone is doing these international deals, may as well be you Garlic Girl!  How's Olive?

Mar 09, 2012 05:52 AM #11
Ambassador
1,443,426
Richard Iarossi
Coldwell Banker Residential Brokerage - Crofton, MD
Crofton MD Real Estate, Annapolis MD Real Estate

Susan,

Go for it. Of course, if one of us in the lower 48 bought something...it would be considered international too.

Rich

Mar 09, 2012 06:06 AM #12
Ambassador
1,301,552
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

Olive is absolutely perfect, thank you for asking!

Mar 09, 2012 08:39 AM #13
Ambassador
1,301,552
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

Hi Rich -  right you are and I'm happy to handle all your referrals :0)

Mar 09, 2012 08:40 AM #14
Rainmaker
3,401,452
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hey Susan, Now you have me wondering what class I should look in to to learn more about how to market overseas.

 

Mar 09, 2012 09:06 AM #15
Rainmaker
820,870
Juli Vosmik
Dominion Fine Properties - Scottsdale, AZ
Scottsdale/Cave Creek, AZ real estate 480-710-0739

Susan, how interesting AND timely.  I was showing a couple of homes today to a Canadian investment group.  They mentioned the same thing.  

Mar 09, 2012 09:24 AM #16
Rainmaker
580,027
Chris Smith
Re/Max Chay Realty Inc., Brokerage - New Tecumseth, ON
South Simcoe, Caledon, King, Orangeville Real Esta
Susan, what a great idea... I have had a few listings in the past that could have used foreign buyers like you mention.
Mar 09, 2012 09:47 AM #17
Ambassador
1,348,772
Gayle Rich-Boxman Fishhawk Lake Real Estate
John L Scott Market Center - Birkenfeld, OR
"Your Local Expert!" 503-755-2905

Susan~The Chinese are at the top of the heap and a force to be reckoned with in the state of the world economy from what I'M HEARING AND READING. They've got the moola, the smarts, and the exports...we better watch out.

I sure loved the beauty in the photo...but I hope a "local" buys it.

Mar 10, 2012 06:34 AM #18
Rainmaker
244,734
Bonnie Vaughan
Scranton, PA
CNE SFR - Buyers/Sellers - Lackawanna & Surroundin

We do not see many foreign investors in our market.  Unless you consider New York and New Jersey.  LOL  We do have investment properties in the Marcellus Shale region.  As of yet I have not plunged into that niche.

Mar 10, 2012 10:46 PM #19
Rainmaker
1,036,903
Kathy Clulow
RE/MAX All-Stars Realty Inc. Brokerage - Uxbridge, ON
Trusted For Experience - Respected For Results

Susan - I popped over to look at the home via your link ..... it looks like a great home ..... there is a real charm to old stone homes. ..... the acreage is  bonus.

Mar 11, 2012 11:53 AM #20
Rainer
144,110
Lydie Ouellet Dickinson
Realty Executives Tri County, Bellingham MA - Bellingham, MA
Realtor

I love it. How charming! I can see a Europeans family falling in love with this jewel. Good luck with it : )

Mar 12, 2012 08:02 AM #21
Rainer
201,620
Jark Krysinski *PREC (Personal Real Estate Corporation)
REMAX CREST REALTY WESTSIDE - Vancouver, BC
TeamYVR Team Leader, BA,ABR,IRES,IMSD,LLB

HI Susan - I've had an increased number of inquiries from my clients in Asian Real Estate (Primarily Indonesia & Malaysia) and I'm doing some research on the topic on Active Rain.  Thanks for providing a valuable perspective on the matter.  

Should you like to form a referral network with Vancouver, BC for any of your clients I'd be happy to reciprocate.

Jul 19, 2012 12:46 PM #22
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