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International Real Estate on the Rise

An increasing trend across Canada and the USA is the amount of the overall sales volume for real estate being credited to foreign investors. In the US alone international buyers accounted for $156 million while China led that number with 49% of all foreign investors coming out of that country.

Furthermore it is typical for realtors to favor international buyers if not only because they are commonly well off and high net-worth people looking to diversify their portfolio.

Latin America including Central and South America are witnessing a bit of a slow in investors from the US and Canada. It is speculated that this is from a decrease in investor security throughout Latin America.

However one country always a fan-favorite is Costa Rica.

Gina_Briguglio Costa Rica real estateCosta Rica a democratic peaceful country without a military that over the years has marketed big dollars to attracting foreign investors to the country. Home prices there are still much more affordable than both the US and Canada and even more so to build custom homes.

“Although the previous two years we saw a bit of a depression in real estate sales volume, 2018 is off to a great start and we are anticipating a good year with higher numbers than previous years.” said Costa Rica real estate agent Gina Briguglio.

That being said there are a number of downsides to focusing on international buyers including cultural differences, financial exchange and language to name a few. But normally a foreign buyer will have the majority of these issues thought out and handled in advance of investing in any country outside their own.

Look at this from 10,000 feet from a world perspective…any realtor would be well advised to at the very least consider, dealing with and focusing on attracting foreign buyers to their markets of service if they hope to increase their bottom line.

Picking a Financial Adviser

No Commission Rule:
The first rule to follow in every real estate deal should look for an adviser who does not charge commissions. A financial adviser will trouble you more if there is a commission involved.

Don’t confuse a fee-only adviser with a fee-based adviser because a fee-based advisor will include multiple fees in a deal. A list of advisers that work without commissions can be found in National Association of Personal Advisors.

Some of the fee-only advisers and brokers set a yearly percentage on your deal if they manage the asset long term.

Learn the Jargons:
It is important that you get a knowledge of all the main jargons used in an industry before stepping.
Before hiring a financial adviser to manage your deals, get to know the terms for better communication.

Terms like a buyer’s market, appreciation, and seller’s market are used often in real estate meetings. While a CPA (Certified Public Accountant) is someone that may help you out with your tax management.


It is important to search for reviews of someone you’re about to work with. If the adviser you’re searching for is also registered as a broker, it will get easier to search for his profile on the web.


Meet Several Candidates:
You need to be picky about choosing someone to handle your sensitive matters. Meet different candidates for you decide on one.
Personal chemistry matters the most in this kind of relationships. You cannot spend your money on advice that does not satisfy you.

Why would that happen? Because when you’re not at ease with someone as a person, you’ll not like what they have to say about your financial matters.

Almost all advisers offer an intro session for free in which they tell you about their expectations and how they’ll fulfill your needs and at what cost.
Take full advantage of these sessions before arranging a formal meeting with the paperwork. Spend at least 60 minutes with the person and ask different questions about what strategy they’ll follow, etc.

Ask Straight Question:
Talk to the point when you discuss how things will shape up in the future. Ask the adviser about his background, fee patterns and where would he want you to invest.

Before you get into a formal deal, make sure the adviser understands what you require of him or her and for how long.


Contrasting Real Estate Market Conditions

When it comes to the real estate market in British Columbia there is no shortage of praise about how this market, although having it’s ups and downs, appears to always return with a vengence.

We set out to compare this market, particularly the lower mainland of British Columbia with the real estate market in Tallahassee Florida.

Stop right there you say…why would you be comparing these two drastically different markets to one another? And you’re probably right in doing so.

It’s to shed light on the differences between a market that has repeatedly been hit with taxes to help minimize the effects of a real estate bubble and another that has been repeatedly propped up and assisted by local government to help stimulate the market there.

Tallahassee is a small but quaint city with southern charm. Homes here are priced modestly around $220k to $300k on average and even at those prices, can take weeks to sell.

On the other hand we have Vancouver. With average home prices here at $1.5million+ we can see that alone makes investing there difficult for the average person.

Tallahassee realtor Suzanne McGhee claims that currently in the area, even after hurricane season, they are seeing a sharp trend upwards with respect to homes for sale with pools but also lakefront homes around Buck Lack and Lake Talquin.

But no matter where you look, even in the most depressed areas of Vancouver, even though hard to find, you don’t see that sort of variation when it comes to your money/investment.

What this boils down to is this…quite simply when investing in real estate it is best practice to research the history of the local real estate market and also reference projections for the future. In Vancouver it appears that the bubble will likely pop and home prices there could see a sharp decline. However the opposite is the case with respect to Tallahassee homes for sale. There we see projections for a rise in home prices despite natural weather concerns.

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