Increase in International Buyers?
In their latest issue,
The
My question is the following: has anyone out there who is not strictly in the luxury market gone after international buyers? Of course the Palm Beach set is used to seeing European buyers come and go, but what about the middle- to high- end markets on the other side of the Intracoastal? Is going after international buyers feasible in the $500K to $1.5M range, or should that market be left to the ultra-luxury agents?
Florida Realtor Magazine featured an article encouraging real estate agents to think outside the box when it comes to finding buyers for their local listings. Local real estate markets, of course, have taken a beating lately but that does not mean a creative realtor can't find new and inspired places to market their properties.article specifically encouraged marketing to the international buyer, touting "the global approach as a good solution for real estate professionals looking to overcome the challenges being inflicted by a global 'financial crisis' that’s affecting the domestic real estate market." It specifically goes on to say that agents should do their research and determine which countries' currencies are strong against the dollar, since investors in such countries would be more apt to invest in American real estate because of the great deals available to them.
Date: Saturday, January, 10th 2009 @ 02:26:13 PM
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