Posts Tagged ‘ profile of international home buying activity ’

Are You Prospecting Glocally? More Specifically, Globally and Locally?

Per the Certified International Property Specialist (CIPS) course ‚ÄúLocal Markets‚ÄĚ, glocally means:

  • Awareness of the opportunity in your marketplace
  • Knowledge of the market dynamics
  • Outreach to potential clients, customers and other real estate professionals

Despite the present market conditions, the process of globalization continues to persevere as reported in The National Association of Realtors¬ģ report ‚Äú2010 NAR Profile of International Home Buying Activity‚ÄĚ released earlier this year.

At the 2010 REALTORS¬ģ Conference & Expo in New Orleans they recently awarded the largest number of CIPS designations with 460 NAR members receiving the Certified International Property Specialist designation.

The numbers are big; $66 billion of U.S. residential property was sold to International buyers since March 2009. The median purchase price of these properties was $219,400, 26% higher than the overall median sale price of existing homes. 55% of International buyers used cash to cover the full purchase price.

Continue reading this post


Posted by: Brian Kinkade on December 7th, 2010 under Best Practices

No Comments »

For Real Estate Agents

Online Marekting Solutions

For Home Buyers and Sellers

e.g., 1250 S Main St, Burbank, CA or 91506
     Search Foreclosures    Search New Homes    Search Rentals    

Blog Categories

Blog Archives

Real Estate Blogs

Top Articles

Recent Comments

Guaranteed LeadsReferral Lead ProgramListings PackageVisits to your WebsiteFind REALTOR¬ģHomes For SaleHome Values