International Residential Real Estate Trends

Many shifts in the Real Estate Market have been observed over the last few years. Inventory has gradually been coming back, and according to the Urban Land Institute, this should be the last year that low inventory aids property prices. There has been a migration back to the urban areas, or suburban developments focused around more urban-minded projects. And there has been a swing from a buyer’s market to a seller’s market, as sellers know they can leverage buyers hungry to buy before interest rates and home prices go even higher.




Each of these has had a substantial impact on the market, but one of the more interesting trends I’ve observed is with regard to the international buyers; according to Cory Older, Director of a leading property analysis company, one in every fourteen homes sold in the US is purchased by a foreign buyer. While there has always been an international market here in the States, that market has been growing exponentially in the past few years. For the period of April 2013 through March 2014, international sales were estimated at $92.2 billion, an increase from the previous period’s level of $68.2 billion. Although still considered a niche market, it’s a sizable one. 20% of realtors report the amount of foreign buyers increasing over the last five years; however, only 28% of realtors reported having international clients, and only 4% reported having 11 or more.
Canada, China, Mexico, India, and the U.K. accounted for approximately 54% of all reported international transactions, and while buyers and recent immigrants purchased throughout the country, Florida, California, Arizona, and Texas accounted for 55% of the total reported purchases. Many factors have led to the increase in international home purchases and real estate investments – affordable home prices, favorable exchange rates, and growing affluence abroad.



Through the first quarter of this year, almost 60% of reported international transactions were all cash, compared to only one-third of domestic purchases. This in part speaks to the affluence of the international buyer, but could also be due to the lack of a U.S. based credit history and difficulties in mortgage documentation and financial profile requirements. Roughly 65% of these acquisitions are single-family homes, and 42% of all purchases are used as a primary residence.

It’s undeniable that foreign buyers are becoming an increasingly important group in real estate markets globally. While there are always exceptions, most fall into two categories of buyers with different motivations for buying overseas properties: buyers from emerging markets who are generally wealthier and often purchase for real asset capital appreciation value, and developed market buyers who might be interested in a lower median price and are often more focused on investment yield.

International buyer’s habits are often quite different than domestic purchasers. According to Nicole Morris, a Palm Beach real estate agent whose primary focus is on international buyers, “Foreign buyers don’t necessarily look for the best residential real estate deal first. They look for the best location. After they’ve found the best location, then they want the best deal. And they usually aren’t in a hurry. Honestly, American culture wants everything to move so fast. This scares international buyers and sellers who don’t want to be pushed or pressured. They want to feel comfortable with the process.”

Realtors who are focused on increasing their production would be well served to develop a plan to cater to this growing segment in the market. Understanding the buyers, their unique needs, and the purpose of their purchase could expand an agent’s pool of prospects, and in turn, grow their business.
Bio:
Jonathan Ensey is a Senior Partner at GoThink!, a retail marketing and business consulting company, and the Managing Director of eSpend, a proprietary eCommerce platform with Variable Digital Print and Print On Demand capabilities, as well as a fully integrated SMS, MMS, and email campaign management tool. Our flagship site is dedicated to providing real estate marketing collateral and services to Keller Williams real estate agents.

Rental Management Service – A Convenient & Hassle-free Service!


Do you have a house or an apartment or any other property that you have rented to someone? Do you face tough times managing tenants, collecting rents & maintaining those properties? Do you want to get rid of the tension of your property located in a different city? If your answer is yes then the following post might help you out in a big way. Check it out:

Issues associated with renting a property

While we do advocate renting a property, we do not deny the stressful issues that come along with it. Your tenants are most likely to give you following tensions:
  • Irregular or non-payments of rent
  • Untimely vacating the property
  • Unexplained excessive maintenance costs
  • Damaging the property
  • Sometimes not vacating the property
  • Non-payments of public bills


Other than these, other issues may include – finding a new tenant, conducting legal formalities before handover, settlement of dues & several others.



I know after reading all the above problems some of you may have started doubting the institution of renting & it’s very obvious too! So what to do? Relax mate; you don’t have to do anything. Everything will be done by the guys running Rental Management Services.

Rental Management Services


These are new emerging services which take care of all your rental problems. You just have to register with them & pay them a commission from the monthly rent that you receive. These guys will:

  • Collect timely rents for you
  • Find you genuine tenants
  • Maintain your property
  • Complete all the paper works
  • If you desire, sell your property
  • Renew agreements & rental deeds

When we first came across these agencies, we were skeptical about their functioning. But after seeing them work in Hyderabad, we were mesmerized. These guys will definitely take all your tensions & stresses over their mind at just a small cost.



Is it worth paying them?

Just one word – TOTALLY!
You can totally trust them & enjoy your sleep back at home.



Disclaimer: The above post is just a piece of information & is not intended to advertise any agency. Although we trust their functioning, we do not take any responsibility for any of such agencies.


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World Trade Center (WTC) in Noida - New Gateway of Seamless Opportunities

Noida is emerging as one of most repudiated metropolitan cities like Mumbai, Bangalore, and Gurgaon etc. and becomes the first choice when it comes to choosing destination for new comer professionals and employer to maintain their business reputations. Hundreds of MNCs has already established their base in Noida and growing day by day with the wealth and seamless opportunities present in the environment.




WTC aka IT Business Park located at Noida Sector 16 has multiple offices of different MNC companies and has strength of over thousands of employees working in the day shift as well as in night shift. WTC is mainly New York based company working from since last 55 years. It has offices in over 330 cities i.e. 110 Countries. When it comes to choose the right environments for shaping employees career, nothing would be better than getting placed in such great IT Park and that’s why thousands of new comer or professionals relocate in this high tech society with a dream to get a job in such places.

What are the main attractions of WTC Noida?

Among the multiple benefits of WTC, you can find some most interesting and useful benefits of placed here or to give your business a better place:

  • Developers of WTC Noida are offering assured 12% returns to companies every year
  • World class facility and modern infrastructure designed by professional architects from around the world
  • Office spaces ranging from 350 sq ft to 1000 sq ft is available. No matter how big your employee’s strength is or how much space do your business need, WTC Noida has it already
  • 24 Hour Wi-Fi connectivity in every corner of the office and earthquake resistant to make it secure from minor earthquakes. Moreover, 24 Hours power backup and continue fresh water supply is delivered
  • Top class security and well trained guards all around the campus premises is placed. That makes you feel like one of the best secure place to work and perform your business meetings


About the Author

Abhay is an enthusiastic writer and regular contributor at a Real Estate blog named Master Plans India. You can find him on Twitter: @ajms1989



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