Selling Your Home Internationally
Home buyers that live outside of the United States accounted for more than $900 billion in home buying activity in 2010. International buyers came from a total of 53 countries, with the top four being Canada, Mexico, China, and India (which accounted for 46% of the international buyer transactions) so it’s surprising that more agents are not finding a way to capture this important segment of the market. In fact, where Massachusetts is a metropolitan hub of schools, hospitals, and jobs, we are seeing an even greater number of buyers coming into the state – and many of them are not from this country. What’s great about these buyers is that more than 50% of them are paying cash. Why would a person from Canada, China, or another country want to buy here? There are many reasons. Many are in the medical field and they come here for schooling or internships. As well, many are purchasing homes for their children who intend to come here for school. Is it possible for a real estate agent to advertise a property in other MLS services in other countries? YES! In fact, this is becoming even more prevalent as our home buying market becomes more global. The agents at RE/MAX Prestige will be attending a one hour program on April 20th with the head of The International Real Estate Specialists Institute, Olivier Mevellic. He will demonstrate the legalities and opportunities of marketing real estate across the globe. If you are interested in attending this free event please email Maureen Hoffmann at MHoffmann@remaxprestige.com to RSVP. It will be held at the DCU Center in Worcester from 10am to Noon on April 20th. We would enjoy having you there.