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Author Archives: Paul Takahashi

Digital Currency Considerations in International Real Estate Deals

Posted on November 30, 2018 by Paul Takahashi

The Word wide web altered lots of aspects of real estate but perhaps the most impacted ended up being the ability for realtors selling international real estate, to reach a greater more diverse segment of investor devoid of much difficulties.

This particular income opportunity is significant.

With statistics like 50 percent improvement in volume each year and providing an overall share of the actual real estate deals of the USA at 10 percent, the international home buyer is increasingly becoming a thing to consider for any broker wanting to enter this sector worth north of $150 billion in 2017. All the stats in this article sourced from NAR (National Association of Realtors) and are considered to be accurate.

international realtors

How to attract international buyers of real estate

International buyers in real estate commonly lend to a more rewarding outcome for the brokers. And next there’s the stat revealing that of all foreign clientele, a large number of them are affluent individuals wanting to grow their money in foreign real estate market segments.

Similar to most things, there are many things to take into account before merely thinking you are gonna target international real estate investors. It really is tricky and you will need some assistance.

The greatest difference between dealing with the domestic populous rather than internationally, is the language barrier. However , many international buyers employ people to break-down the language barrier when seriously deciding on investment in another country.

Among all countries currently partaking in the US real estate market, China obviously dominates and is accountable for over half the whole international sales volume in the United States alone. Everything in spite of the many differences in culture, language and investing protocols.

We will talk about how you can enter this segment of the real estate marketplace.

CPROP’s end-to-end electronic exchange administration suite is fashioned to promote real estate professionals to international prospects and enable them to securely and transparently close deals.

Generally it makes use of technology to improve the sales process of agencies, from the start of a deal to conclusion. Here are a number of different ways any brokers can take advantage.

Register with a transparent international platform

“The moment we recognized the trends towards international real estate buyers we knew it was time to get onboard or miss the boat.” states Don Halbert.

You should not go getting all dollars signs in your eyes instead of thoroughly researching where on the Web these groups may possibly exist. Once you’ve located them you’ll have to hedge inwards and gain trust within the international real estate buyer network.

Bear in mind you are going to want to check for is areas of the net with service providers that supports automatic language translations.

Think confidence and safety

international homesAs the old saying goes, long distance relationships rarely last, still in this case they can and do you simply just have to plan specifically in the case of working across different languages.

Preparation is vital to productive international real estate opportunities and included in preparation you have to start thinking about trust and security.

Blockchain has demonstrated to be probably the most secure way to electronically execute transactions. Blockchain allows real estate contracts to generally be so greatly protected/encrypted that prevents any changes be undiscovered.

Perhaps one of the best aspects to using blockchain technology is for deposits and money held in escrow.

Armando of Galvan Real Estate Services who focuses on selling Sayulita homes for sale in Mexico’s Riviera Nayarit, had this to say…

Real estate is in constant change and if realtors do not adapt to this change they make themselves obsolete. For this reason we’ve adopted many aspects of this new technology including utilizing digital currency throughout many of our international transactions.

Locate responsible, streamlined alliance

Securing offers with local investors is tough enough, however when investors are international, agents will need to take still greater caution to secure a smooth transaction.

Jen Scott of Intricate Meter Proving in Alberta asks…”Allow me to ask you one thing: at any particular time are you aware, in real time, the standing of any of your leads in your pipe?”

An electronic digital transaction administration program built for international transactions that walks parties through every step of the closing process is particularly useful here. Procedure transparency simplifies interactions, frees up realtor time and assists in easing everyones mind.

Posted in Blog |

Qualities to look for in a Real Estate Agent

Posted on January 17, 2018 by Paul Takahashi

 

Hiring a real estate agent is very important nowadays to get the right house at the right price and according to your needs, or if you are looking to sale your house. A real estate agent can make your life easy while buying or selling a house but there are certain qualities or traits you should look in a real estate agent. Let’s discuss some of those.

Communication

It’s always a nightmare when you have to deal with an agent to buy or sell a house who is not able to communicate. As this market is time sensitive, you need an agent who can quickly update you where you stand with your current buying or selling situation. So when you are looking to hire a real estate agent, you should make sure he possess good communication skills.

Local Knowledge

A real estate agent is of no use if he/she doesn’t have enough knowledge about the local market. You should always prefer an agent who has prior experience of sales in that area. So make sure you pick the best man for the job in this regard.

Negotiation Skills

The best real estate agents always possess great negotiation skills as it is a must in order to get the right value for the buyer and seller. The agent has to be smart in negotiating, as too much of it can also lead to losing a deal.

Honesty

One of the main quality which should be present in a good real estate agent is honesty and transparency about every minor detail to the buyers and the sellers. They will tell how much you should expect from sale price point or the timing of the sale. Also if you are a buyer, an honest agent will never keep you in the dark about any flaw in the house which you will find later.

Attention to detail

You should always look for an agent who pays attention to every detail and take care of even your small demands. If the agent is organized, follow up with leads and pay attention to your needs, he will be more successful in closing more deals for you.

 

Problem solver

As the job of a real estate agent requires facing a lot of problems and challenges, the best person you should look to hire must be one who can come up with creative solutions for the problems and issues.

 

Posted in Blog |

What are the Possibilities and Probable Outcomes of Buying Vacant Land or Undeveloped Residential Plots?

Posted on December 19, 2017 by Paul Takahashi

When buying vacant land or undeveloped residential plots, it does not, in actual fact, involve any type of property; not at the time when you purchase it.  But, in future, some type of property will sit on the land or plot.  There are endless possibilities of what vacant land and plots can be used for.

Possibilities when Buying Vacant Land or Undeveloped Residential Plots:

Buy and Sell at Higher Price; this means that you believe that the purchase price was below market value and you hope to find a buyer that will buy at your new higher price.  The term for this type of purchase and sale is “flipping the land”.

Buy and Hold the Land; while you believe that the price of the land will increase in value.  You need to pay the normal taxes and maintenance of the land during this holding time.

Buy Rezone and Sell; the land you purchased might be zoned for a specific use.  The land around has been developed and the land will be worth more if you rezone it.  For example, it could have been zoned for commercial use but now the area developed has become more residential.  Re-zoning it will make it more valuable for possible potential developers.  The fact that the zoning has already been changed will save them time and money.

Buy Develop and Sell; buying the land, develop it by building a home, and sell it to someone that would like to live there.  If the land is bigger, you can start a vineyard or vegetable patch, and sell to a buyer that like the fact that the land is already cultivated and it can just be managed.

Buy Develop and Hold onto the Land; you purchase the land with the intention to develop it for yourself.  You can build a department building or townhouse complexes to rent out to tenants.  You can also build a shopping centre and rent space out to retailers.

There are numerous more options to do with vacant land.  The possibilities are endless and whichever way you go about it, there is an income to be made, one way or the other.

Posted in and probable outcomes, Blog, or undeveloped residential plots?, what are the possibilities, when buying vacant land |

What is the Difference Between Commercial and Residential Real Estate Properties?

Posted on December 14, 2017 by Paul Takahashi

Even though both the Commercial and Residential Real Estate involves the selling or buying of property, that is where the similarities end.  You cannot really compare these two; it would be like comparing an orange with an apple.

The Difference between Commercial and Residential Real Estate:

Commercial Real Estate

In Commercial Real Estate the focus is on Business.  The property involved is either sold or leased, to achieve a predetermined objective.  The property is used as an investment that will generate return funds.  In other words, for business and getting return funds.

For Commercial sales, the selling process looks at numbers and investment return calculations.

Commercial Real Estate deals involve much bigger amounts of money.  Commercial purchases can include several units, creating a larger one, for example, apartments, shopping centres, townhouses, etc.

Commercial Deals are much more complicated and are following a quite different set of steps and guidelines.  The transaction cycle for commercial purchases can take several years.

Residential Real Estate

Residential Real Estate is revolving around the needs and wants of families and the homeowner.  These properties are purchased only for individual use and mostly provide housing for families.

Residential sales, on the other hand, are more a personal, emotional type of purchase.  The house may just feel like the right one to buy.  A key factor might be the return on investment in the future.

The Value of Residential Purchases is calculated and determined by market rates of houses in the specific area.  You might only need a small down payment, and finance the rest of the price through taking out mortgage financing from the bank.

The selling or buying of residential property from the beginning with the purchase offer until the closing of the deal, are executed through a fairly well known, established set of steps.  It mostly takes a few months, rather than years to finalize everything.

These are only a few ways in which residential real estate differs from commercial real estate.  The parties involved, the money involved, the route the transactions follow, almost everything is different, except for the fact that it is property being sold or purchased, with the help and involvement of a Real Estate Agent.

Posted in Blog, what is the difference between commercial and residential real estate properties? |

5 Reasons Why you should Hire a Real Estate Agent to Buy or Sell Property

Posted on December 7, 2017 by Paul Takahashi

When buying or selling a residential property there are many things to know.  You might know what you are looking for and the price range that you feel comfortable with in either selling or buying.  But there are many things that can help you when making a final decision.  You will need the type of information that only a Real Estate Agent can give you.

5 Reasons why Hiring a Real Estate Agent is Important when Buying or Selling:

  1. They Have the Experience and Knowledge; to help you find the best deals available. This is what they do.  They know their way around properties and they know everything that you might need in the transactions of either selling or buying.
  2. A Real Estate Agent Acts as a Buffer; between you and possible buyers and sellers. An agent organises all the showings, handling the negotiations, dealing with other agents, filtering phone calls while finding the serious buyer or seller to make an offer.
  3. They can provide Market Related Information; about the conditions that can influence the selling or buying process. They have the information at hand that will guide you to not overprice when selling and buy at the highest price if a better value for the same is available.
  4. A Real Estate Agent will handle the Paperwork; they know what types of forms are needed, where the signatures go, when each form should be submitted or filled out, and all those bothersome administration things that we do not know all about.
  5. Will Keep Contact to Sort out Possible Queries and Answer Questions; there may still be documents that need stamping of tax transfers that can follow months after the close of the transaction. Your agent will always be only a phone call away.

A Real Estate Agent’s continued success can be boosted a lot by referrals; therefore, they will always perform at their best, doing business with clients.  Your good word of mouth can get them their next client.  They will do their uttermost to ensure a good, problem-free transaction.

Posted in 5reasons why you should hire a real estate agent, Blog, for buying or selling property |

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Recent Posts

  • Digital Currency Considerations in International Real Estate Deals

    Digital Currency Considerations in International Real Estate Deals

    November 30, 2018
    The Word wide web altered lots of aspects of real …
  • Qualities to look for in a Real Estate Agent

    Qualities to look for in a Real Estate Agent

    January 17, 2018
      Hiring a real estate agent is very important nowadays …
  • What are the Possibilities and Probable Outcomes of Buying Vacant Land or Undeveloped Residential Plots?

    What are the Possibilities and Probable Outcomes of Buying Vacant Land or Undeveloped Residential Plots?

    December 19, 2017
    When buying vacant land or undeveloped residential plots, it does …
  • What is the Difference Between Commercial and Residential Real Estate Properties?

    What is the Difference Between Commercial and Residential Real Estate Properties?

    December 14, 2017
    Even though both the Commercial and Residential Real Estate involves …
  • 5 Reasons Why you should Hire a Real Estate Agent to Buy or Sell Property

    5 Reasons Why you should Hire a Real Estate Agent to Buy or Sell Property

    December 7, 2017
    When buying or selling a residential property there are many …

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