Things to Consider When Venturing in to International Real Estate

As real-estate matures more all over the world with the improved transparency and impact of the constantly evolving internet, realtors have immense opportunities to capture valuable international, cross country business that they did not until now have access to.

And so real estate agents have come to trust significantly on the Internet for a number of things however this is especially the situation with discovering possible international real estate investors.

Bearing in mind the information from 2017 we know that foreign real estate investors accounted for around $153 billion of the overall sales in the American market which subsequently was an upturn of the previous year of a massive fifty percent. Similarly this signifies ten percent of all domestic real estate deals in the USA. And if the National Association of Realtors (NAR) is proclaiming the aforementioned figures then surely you must agree that the international client is deserving of consideration whenever selling real estate.

Because agents taking part in foreign buyer dealings tend to profit larger earnings only contributes to the attractiveness of this section of the market. Yet another thought here is the actuality that so many international investors usually are high net-worth individuals wanting to increase their wealth by making informed investments outside of their nation of origin.

Even so seizing this highly profitable marketplace is a challenge.

The leading difference between working with the national populous compared with internationally, would be the language barrier. In spite of this many international clientele pay people to break-down the language barrier when seriously considering investment in another country.

Which one country dominates international real estate buyers in the US? Why China silly. You got that right, China retains a whopping 50% of the entire sales volume credited to foreign buyers and yes, regardless of all the variations between how business is undertaken in both countries and language.

With such a highly profitable real estate market in existence, how do you break in to it?

CPROP’s end-to-end electronic exchange management system is made to promote real estate agents to international prospects and encourage them to safely and transparently close deals.

Fundamentally it makes use of technology to streamline the sales process of service providers, from the start of a deal to conclusion. Below are 3 ways agents can take advantage of this massive opportunity.

Join a honest international platform

“Choosing to focus on international real estate buyers and sellers in one thing however making a success of it is another thing altogether.” claims Allie Wright of the Wright Team in South Florida.

Any real estate agents wanting to be participants in the international real estate community, need to begin their exploration by identifying online sites where potential buyers and sellers may meet up. Once found…be part of the discussion and gain trust in the community.

Keep in mind also that given your platform also features automatic translations, this may also be a big benefit.

Think trust and security

As the old saying goes, long-distance relationships hardly ever last, however in this case they can and do you basically have to prepare particularly in the case of dealing with multiple languages.

Gonzalo Gutierrez is a Costa Rica lawyer who specializes in real estate closings in that country.

Anyone seeking to buy real estate in a foreign country should first and foremost be concerned about their security in the transaction and therefore should have a competent attorney who’s astute in dealing with international buyers and sellers.

Two incredibly important points to consider when working in international real estate are security and trust. You will need to protect yourself and your buyer even while preserving the trust of the other person.

The planet recently has-been introduced to a great unique method of protecting transactions over the internet. Blockchain technology has permanently changed the way we exchange funds digitally. Any time a contract is completed and executed, it can be saved to the blockchain, making an immutable allotted ledger validated by a system of potentially thousands of computer systems, thus effectively blocking any undetected changes to a contract.

“Potentially among the best elements to working with blockchain technology is for deposits and payments kept in escrow.” says Armando Rodriguiz, a San Pancho, Mexico realtor.

Seek out responsible, successful alliance

One thing is closing offers within the country but it’s always a completely different thing when completing international buys and these deals need to have more care to ascertain a clean closing.”

Give me a chance to ask you something: at any given time are you aware, in real-time, the state of any of your prospects in your pipe?

All of this being said, wouldn’t you recognize that an all inclusive online digital transactions SaaS software built to satisfy international real estate transactions from beginning to end, be described as welcome improvement to all real estate brokers? Transactional transparency throughout any real estate transaction is valuable however pair that with a technology that can enhance your flow including ensuring security, would indefinitely alter the industry.

Bullish real estate investor and Intricate Group, a meter proving company employee, Jen Scott had this to say about dealing internationally…

“My husband and I have for the past 10 years, invested, brokered and leased international real estate and without the help of digital currency and CPROP software, we’d have been lost.”

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Statistical view of Vancouver Real Estate in 2017

With the end of 2017, let’s look at the performance of Vancouver Real Estate market from a statistical point of view. Total dollar volumes, median sales price and new listings will be discussed here.

Although these numbers will not give you an exact idea of where the market stands currently, but it will showcase the overall summary of the year and will allow you to predict the trends heading into 2018.

Detached total Dollar Volume:

The dollar volume describes the total amount spent of purchases in Real Estate. According to stats, Vancouver’s total detached dollar volume was $6.4 billion in 2017, which is down from $8.6 billion from the previous year (2016) and it shows a 25% decline in the total Volume. This is further shown in the graph below.

 

Total Detached Sales:

2017 showed a significant cut down in detached sales which totaled 2,434. The number of sales in 2015 were 3,946, and it was 3,059 in 2016 so this year’s sales were 20% less from the prior year’s sales. A graph showing sales from 1998 to 2017 is as follows:

 

Total New Listings for 2017:

As you can see from the above statistics, 2017 was not the best year for Vancouver Real Estate but the downfall is not that significant and for the new listings that occurred in 2017, we saw a nominal 9% decline from the previous year. 2017 total listings totaled 5,578 which were 6,156 in 2016 and a graph showing the total listings from 1998 to 2017 is as follows:

 

Vancouver Condo Prices:

There was a significant in a Vancouver condo’s average sale price and median sales price. Average sales price increased by 13% to $849,712, while the median sales price saw an increase of 18% which totaled $695,000. A graph illustrating the stats from 1998 to 2107 is as follows:

 

Summary:

The key take away from the stats shown above is the new listings which was almost record low levels in 2017 and the only reason for that could be the rising prices so every wants to hold on and wait for a better price to sell. The largest price increases might be behind us, so we should expect a steady market in 2018.…

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Top 3 Paint Colors That Will Make Your Home Irresistible to Buyers

So you know that you want to sell your home as soon as possible, but there is one step you haven’t taken in guaranteeing maximum returns and that is a great paint job. They say that first impressions are everything, and for good reason too. Think about it, the first thing a buyer sees is the color of your home, so make it effective and impressive. Check out the following colors and count your dollars as soon as it sells.

 

#1 WHITE

Although this is playing it safe, we can honestly say it might be one of the best ways to go. A white house is a crowd pleaser and makes your home look bigger, bringing light to a possibly shady and green area as well as generally looking clean and attractive.

 

#2 EARTHY TONES

Tan, brown, orange and even red can be very appealing colors when it comes to your homes exterior. These colors play well with greens and definitely associate with nature and you can complement the exterior by adding coffee toned wood paneling on the inside of the home.

 

#3 GRAYSCALE

Bringing elegance and refinement, gray tones will also translate to urban sophistication. If you keep with the gray colors on the inside of your home, you can take a leap of faith and add some bright furniture to bring out your trendy vibes.

There you have it friends! Now it’s up to you to get to the paint shop and consider which is the best color for you.…

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5 Best Vancouver Suburbs to Buy a House in 2017

Today we are bringing you the best suburbs to purchase your next home in when it comes to Vancouver. We take a look at all factors including safety, schooling, night life, shopping, employment and average price change on a yearly basis.

 

#1 Renfrew, Vancouver East

This is an area that is well known for the great community that it encompasses, compete with great schools, new buildings and reasonable prices.

 

#2 Vancouver Heights, Burnaby

You can get a glorious view of the city without the huge price tag that is often found in West Vancouver. The price change in the past five years has increased by over fifty percent which is fantastic for home owners.

 

#3 Hastings, Vancouver East

Hastings has really transformed in the past ten years offering the community members a fun night life, eclectic shops and excellent restaurants whilst still not transforming with the price tags of the homes available for purchase. The great thing about this suburbs is that there are a lot of spare locations that are undeveloped which gives great potential for appreciation in the future.

 

#4 Bentwood Park, Burnaby

There is a great amount of homes that are move in ready for potential buyers along with older homes that also have older homes which can be improved. The fantastic aspect of this area is that you can walk everywhere and the community is safe, which goes hand in hand with the incredibly schools on offer.

 

#5 Ambleside, West Vancouver

This is definitely one of the best places to purchase a home within Vancouver. In the past five years house values have risen over 75%m which is just amazing. The surrounding areas have homes that are approximately half a million dollars more expensive on average than the ones you find at Ambleside.

These are the best suburbs that you can find in terms of real estate when it comes to Vancouver. We think that you should check them out next time you are looking for your new home.…

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Increasing the Cost of Your Home in 5 Simple Steps

If you are thinking of putting your home on the market in the foreseeable future there are some steps that you can take in order to do this. Have a look at these five tips that will help you skyrocket that going price.

 

 

 

#1 HAPPY HUES

One of the cheapest and simplest ways to freshen your home up and make an instant improvement is by throwing a new splash of paint on it. Neutral hues tend to appeal to a larger audience, however do not shy away from a feature wall here and there to spice things up. This will bring up the value of your home from 1% to 3% at minimal out of pocket expenses.

 

#2 KITCHEN RETURNS

The best place to start when it comes to home improvements is your kitchen as this will see the biggest return of the lot. No matter how big or small your improvement is, from a stained counter to a rusty and dated refrigerator this will make for huge value when the big day comes, increasing your homes potential value from 3% to 7%.

 

#3 LEAVE THEM FLOORED

Have a look at investing in new soft flooring, investing in a new carpet or rug. Stained or ragged carpets will hugely impact on someone’s impression of your home. Always remember that you don’t need to purchase new items all the time so have a look online for some thrifty items.

 

#4 DECLUTTER

Clutter equals mess. This doesn’t mean that you have to remove every single item from your home, but keeping things to a minimum is vital. It is important to note that not all clients enjoy your hobbies, pets or religions. This could potentially mean that you can have a 3% to 5% higher return than you otherwise would have.

 

#5 CURB YOUR ENTHUSIASM

There is nothing like a first impression leaving a lasting impact. It is also very hard to recover from a bad first impression and means you will have to work much harder to fix that. Clean up your yard and garden, keep your lawn tidy and replace that rusty mailbox. Taking pride in your exterior can bring about a potential return of 2% to 5%.

This is just the starting point to increasing the value of your home, but it is the start and you will be well on your way to a great sale by simply adapting a few of these.…

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