The Importance of Recognizing the Value in Dealing in International Real Estate

Not that many years ago, brokers didn’t have the tools and resources the Web now provides for them, to contact international real estate traders.

Plus one sector of the real estate sector often overlooked is the international client.

Astounding to many is the fact that 10 percent of the total sales of real estate in the United States Of America is associated with foreign buyers. On top of that total sales statistics in 2017 are demonstrating a pattern deserving of your attention for the reason that they are increasing by almost 50 percent yearly adding up to more than $150 billion. All these numbers are sourced from the National Association of Realtors and should be regarded a fantastic indication of what the future holds for real estate sales to foreign investors.

Probably the most appealing aspect to doing business with international clients, from the realtor’s perspective, is transactions including an international client usually return higher commissions. And of course the reality that many foreign investors are well-off wealthy elites in search of worthwhile investments and premium luxurious second or getaway properties.

“But incorporating the foreign investor to your repertoire won’t be as simple as finding them can be complicated.” according to Costa Rica real estate agent Brett Elliott.

Attaining this sector of the marketplace however will require overcoming a few obstacles including language and currency to name a couple. Normally though many international buyers aren’t going to buy in to a country without doing their research and having steps in place to avoid any “lost in translation” troubles.

China rules the headlines across the world when it comes to international business and in real estate the same holds true given the data displays that of the entire sales volume in the US to international investors, China maintains 50% of that. All even with hindrances such as language and social differences.

With such a profitable real estate market in existence, just how do you get yourself in on it?

CPROP’s end-to-end digital exchange management suite is fashioned to expose real estate agents to international prospects and assist them to safely and transparently close deals.

The quick answer is that it involves tech that helps communication and connects a group of screened companies to work with others on ushering a deal from contact to close. Don Halbert, a specialist in real estate SEO for realtors around Canada and the US, claims SaaS (Software as a Service) is the future of real estate transactions.

The following are 3 ways agents can seize this massive opportunity.

Be a part of a trustworthy international program

Hedging in on the international real estate industry is not really straight forward for real estate professionals that have not ventured here before. Realtors looking at penetrating the market of dealing with foreign buyers and vendors should certainly think outside the box and research areas of the Web where these pocket forums may congregate.

If the platform boasts a provider directory with unfiltered buyers ratings and reviews and additionally automated translations, even better.

Think reliability and stability

international real estate agency
Photo courtesy of Galvan Real Estate Services in Riviera Nayarit, MX

A long-distance deal, predominantly among the persons in different countries, could possibly be a recipe for miscommunication plus, in the worst cases, fraud.

That may be why real estate agents trying to develop their international dealflow want a platform to expedite these transactions with trust and security mechanisms inclusive to the platform.

Technology moves at an amazing rate and as of late blockchain technology has keyed in the mix and everlastingly changed the manner by which real estate agents conduct business from the internet. Whenever a contract is concluded and carried through, it is generally recorded to the blockchain, creating an immutable distributed ledger confirmed by a network of potentially thousands of computer systems, therefore effectively blocking any hidden changes to a contract.

And also, agents may use smart contracts to perform escrow, which provides a secure approach for clients to put up earnest money.

Seek responsible, successful cooperation

One thing is closing offers inside the country however it’s always a uniquely different thing when finalizing international transactions and these sales demand a whole lot more care to assure a smooth conclusion.

Good real estate professionals, when asked, at any time can let you know the position of their impending contacts, leads and sales. Could you?

All this being said, won’t you acknowledge that an all-inclusive digital transactions SaaS software built to accommodate international real estate transactions from start to finish, be considered a welcome addition to all brokers? Transactional openness spanning any real estate trade is essential but partner that with a technology that can enhance your flow like verifying security, would eternally transform the industry.

Talking Property Value: What Main Things Can Affect It

When you are a savvy real estate investor, you should be very much aware that a property’s value can be raised or lessened with time. So early on, you must arm yourself with the understanding of what can raise and damage your property’s value.

Why You Need To Know

If you are aware of what can damage or enhance your property value, you can be more proactive about it. It also helps to form your decision making on whether or not a property is worth investing in. It is all about the very start of the purchasing process.

Here are a few main things that can affect a property’s value over time:

Accessibility

When a property is well out of the way of most thoroughfares, the initial purchasing price can be quite low. After all, it is not something that people go to. If a property is in the heart of everything—regardless of its size—it is usually sold for very high.

In order to determine if something out of the way will increase in property value, consider the area. Is it something that will be developed within the next ten years? If yes, consider what is going to be around that property as that will help boost the property’s value.

Locale

Consider the immediate area of the property. If the property is within an established gated community, the property value will only increase with time. If it is something that is just in a general residential community, there are so many other factors that can determine whether or not the property value will improve or decline.

This is why many smart investors try to elevate their community as they know it will help their own property value in the future.

Conclusion

It is all about knowing what is important and what can be done to improve the value of a home. You can also take the route of buying a property, improving it a smidge, and selling it at a higher cost soon after. This can help you retake your initial investment and give you a budget for a future purchase.

Choosing a Latin American Home: What You Should Consider Beforehand

Latin America is famous for its climate, sights, music, and delicacies. The market for foreign investment is at an all time high and is pretty friendly. This is one of the reasons why it is THE place to find real estate in.

This, however, does not mean that you should snap up the first deal that comes your way. If you are thinking of investing in the real estate that the Latin American area is known for, it is best that you keep these pointers in mind. These are what you should consider beforehand:

An International Buyer’s Agent

Not all agents are the same. There are those that specialize in local sales and there are those that are best for international sales. The two are quite different from each other. The regulations and paper required for each field are worlds apart. So if you are a foreigner and are thinking of buying property in that area, it would be prudent for you to secure a highly competent agent to make sure that there are no snags in your purchase.

Square Foot Calculation

Be aware that the calculation of the width of the property may not be what you are used to. There are properties that only measure the house itself. It may not include the yard or any outside part or the lot that the property is placed upon.

You need to be aware of how they measure the properties in the locale that you are buying the property from.

Area and Accessibility

There are areas in Latin America that may not be very accessibly unless you have vehicles. It could also be possible that the roads leading to the property may need some work. When you are considering buying the purchase, do not just rely on photos that showcase the house itself.

You must make an ocular inspection of the locale yourself in order to determine if it a feasible place to stay.

Conclusion

Latin America has some pretty spectacular sights so we wholly suggest that you invest there. You just need to partner up with the right firm to secure a good property without any snags.

Perks of a Gate: Why a Gated Community Works In Your Favor

When it comes to buying the property that you can ideally pass on to your descendants, there has always been a discussion on why a gated community is the best choice. Today, we look at why a gated community actually works in your favor in the long-term.

Property Values

It is a fact of life that property values tend to drop over time. However, that is entirely up to:

  1. How you treat your property
  2. Your immediate community

When you treat your property right by doing timely repairs and damage prevention measures, you invariably sustain and even raise your property value. However, despite your best intentions if your immediate community does not take care of their properties, it will invariably affect your own.

That said, gated communities incentivize their residents to care for their properties through annual contests and community cleanings. They also have pretty strict rules for unkempt lawns or any violations.

Security

The world at large can be pretty scary at times. Being part of a gated community helps to keep any home invasion fears at bay. A gated community often employs top of the line security companies to rove around and keep perimeters secure.

If you have any issues that need to be dealt with, you can simply ring up the security and they can help you.

Stronger Sense of Community

Gated communities often make it a priority to foster a sense of community among the people who live there. After all, it is infinitely better to live in a place where those around you are pleasant and people that you actually get to know.

A stronger sense of community can get everyone on the same page about how they can better care for their property and their immediate surroundings.

Conclusion

A gated community has several established hallmarks that can help care for those that choose to live there. In the long run, a gated community is ultimately a better investment.