The interest for real estate in the United States remains to flourish. Foreign buyers continue to view the United States as a desirable place to own property. Just last year America’s residential real estate sales to international buyers accounted for $102 billion in sales. Foreign buyers have been inclined to make purchases in warmer climates. They have traditionally purchased in Florida, California, Texas, Arizona and New York.
The real estate specialists at Waterfront Properties and Club Communities understand that the real estate industry has becoming global. At an international event attended by Rob Thomson, Managing Partner, in which he personally marketed his listings to real estate professionals from around the globe.
By introducing one listing into this network of luxury international brokers Thomson has familiarized that listing to over 70,000 real estate professionals and over 85 countries! Many international markets are seeing a rebound.
The United States is quite welcoming to worldwide buyers. The process for home purchasing is quite like that of United States purchasers. The international investor should be aware of some rudimentary comparable practices any investor should be aware of and understand prior to purchasing. There are certain variations in the market that any international investor ought to know about such as financing guidelines, credit checks, and tax implications.