Category: Property

Top 3 Things To Look Out For In International Deals

Back before the Word wide web actually existed, brokers went through a problem gaining interested investors from outside the country.

As it is the case within any business, when opportunity presents itself such as it has in international real estate, it cannot go overlooked.

International home buyers purchased $153 billion of U.S. domestic real estate in the twelve months thru July 2017, a jump of nearly 50% through the previous twelve months and above 10 percent of the market by sales volume! All the numbers earlier mentioned procured from NAR (National Association of Realtors) and are deemed to be valid.

A really interesting component to sourcing one’s own foreign real estate buyers is how profitable it can be for the agency.” states Gina, a realtor with vast experience in international real estate dealings and realtor with the renowned Costa Rica Real Estate dot COM

Image courtesy of Intricate Group

Then there’s the statistic stating that of all foreign prospective buyers, many of them are well-off individuals wanting to grow their riches in international real estate markets.

Never assume this is simple to find and break in to, the foreign real estate investor segment.

The biggest difference between working with the domestic populous rather than internationally, would be the language concern. In spite of this many foreign home buyers employ people to break down the language concerns anytime seriously considering investment in another nation.

China rules the headlines all over the world in relation to foreign business and in real estate the same holds true given the information indicates that of the complete sales volume in the USA to international buyers, China maintains half of this. All even with barriers including language and cultural distinctions.

With such a highly profitable marketplace in existence, exactly how do you break in to it?

CPROP is a blockchain-powered electronic transaction control platform intended to help real estate professionals improve and manage long distance deals.

Image courtesy of Intricate Group

The start-up employs blockchain to confirm and document actions pertaining to deeds and closing documentation. Additionally it plans to build a robust, user created specialized network by supplying its utility tokens to buyers and sellers who will also leave rankings and analysis of the broker, agent or agency they choose on the system.

Armando is another well-known realtor in Lo de Marcos, Mexico who deals regularly with foreign investors, and he had this to say…

Once we began using this amazing technology that ensures the security of any international – or domestic – real estate transaction, we knew we’d never look back.

Innovation is definitely vital for virtually any purchase from start to finish. We’re going to lay out a few ways any brokers can maneuver in to this market component.

Be A Part Of A Trustworthy International Base

Choosing to focus on international real estate investors and sellers in one thing but making a success out of it is another thing altogether. Agents thinking about penetrating the sector of catering to international investors and sellers really should think creatively and search segments of the World Wide Web where these focused forums may congregate.

Keep in mind also that given your platform also provides automated translations, this might also be a large bonus.

Think Trust And Security

Remember the flick Lost in Translation? Actually in the case of international real estate transactions this is undoubtedly the case whilst the two parties are involved in talking different languages.

Planning is vital to productive international real estate opportunities and included in preparing one must think trust and security.

Technology shifts at a remarkable pace and nowadays blockchain technology has entered the mix and everlastingly changed the way real estate brokers conduct business over the internet. Blockchain tech makes way for protection at ranges not accomplished previously. Real estate deals when composed using this technology, are forged eternally in the encrypted shield and eliminating any changes to the contract from going undiscovered.

Kelowna Condos, an agency situated in the Okanagan region of British Columbia, Canada, has been advancing over the past few years with respect to utilizing blockchain technology for their international investors of condos in Kelowna and surrounding areas.

Block-chain technology is also advantageous to the buyer by creating a protected trusted way to store money in escrow.

Seek Trustworthy, Streamlined Cooperation

The first thing is closing contracts inside of the country however it can be an entirely different thing when completing international deals and these deals call for much more care to ensure a smooth closing.

Can you tell your transactions state in real time, what’s left to finish and who should next do what in the process?

Consider this though, as an agent working in global transactions, wont it be good to have a SaaS tool that handled all the online digital areas from start to finish for any kind of international real estate deal? Procedure transparency simplifies communications, loosens realtor time and relieves everybody’s mind.

Don Halbert is a seasoned software developer who has developed a number of advanced SaaS applications that help realtors perform transactions with confidence and security throughout the process.

Since 1997 my company [Triton Systems dba The Real Estate SEO] has provided reliable solutions to security concerns of those within the real estate vertical.

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Moving Abroad? You Simply Cannot Leave Before Knowing These 4 Things

There is a lot of planning involved when you decide to move abroad. A lot of decisions also needs to be made, like whether or not you should bring the pets along. Will you take all your furniture? Should you take everything you own or just a couple of things. Moving, even if it is from one house to another in the same street, can be quite a headache. Let’s take a quick look at 4 things you should know before jumping in and packing for your move overseas.

1. Do a Spring Clean

Never has the opportunity been better. Take stock of all your things and organize them. Decide what you cannot live without and chuck the rest. You can even hold a yard sale if needs are, or donate things not going with you to a charity.

2. Smart Storage

If you have an heirloom that you don’t want to move with you, and you just cannot part with it, put it in storage for the time being. Even if you’ll have your furniture and belongings sent over later, storage is the way to go to keep things as simple as possible.

3. Paperwork to be Done

Make sure all your personal documentation are up-to-date and that you have original copies of them on your person when making a permanent move to greener shores. Paperwork includes your original ID, qualifications, police checks and so on.

4. Financial Matters

There’s a lot of things on the financial side that you have to get in order before you can set foot on any plane. Firstly, you need to ensure that you have enough funds available for settling in and moving into a new place. Then, you need to decide whether you will keep your current bank account or if you will open up a new one in the country. Speak to your financial advisor before making any hasty decisions!

And that’s a wrap. There are plenty more things one has to take into consideration before moving overseas. Are you an expat? Do you dream of moving to another country? Can you add any neat tips to this list? Let us know in the comment section below!

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