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Your instinct to look overseas is a good one, for several reasons:
Although it wouldn't be appropriate for me to recommend one real estate agent over another, you can find out how plugged in they are with foreign buyers by visiting their Web sites. Check to see if they speak a foreign language or two, and have listings in American neighborhoods with heavy concentrations of foreign buyers. When you schedule interviews with listing agents, ask them to bring copies of ads they've run in foreign publications, as well as community newspapers or other publications in the U.S. that have strong ethnic connections.
But even if they don't do these things, it's likely that they still have access to foreign home shoppers through their brokerages. All major real estate brokerages -- and many regional ones as well -- have international divisions or are part of global consortiums these days. One avenue available to all members of the National Association of Realtors is the International Consortium of Real Estate Associations, a nine-year-old group that sets standards for, and facilitates, transnational transactions. But to get your property listed on its global Web site, Worldproperties.com, Realtors must register with the group. Ask every agent you interview if he or she has done so.
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In the USA many people are opting to go south of the boarder to Mexico.
A third of eligible people in Europe have said they would prefer to buy a property abroad.
Research found that 32% would prefer to live overseas rather than in their own country.
One of the main reasons for this is the cost of getting on the property ladder in many of their towns and cities.
There are many opportunities for foreigners to acquire and develop real estate globally and the emphasis of this will be on the ability to do so in the residential property forum.
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Foreign residential buyers generally fall into a number of categories.
Firstly, the retirees - they primarily are chasing the sun and are looking for a change of lifestyle as well as an investment.
Secondly, the purchase of homes by students or their parents.
Thirdly, there are the lock-up and leave purchasers. They buy property to use as their private holding home. Next there are those who buy because it is politically stable and they want to get money out of their own country.
Buying residential real estate in globally instead of locally can be very cheap indeed.
From countryside dwellings in Italy and England, to magnificent beach homes in Greece and the South of France, to city apartments in London, Rome, Paris and Florence, you can find homes to suit your budget and style.
