Tuesday, September 09, 2008

Great deals in many states are attracting international buyers looking to  take advantage of our softer dollar. Some of the most popular states are Florida, California, Texas, Arizona, New York, Washington and Nevada, although international buying is not only limited to those states.

According to many full time Realtors, overseas buyers comprise a good portion of their revenue and this has increased even more in the last year.  Over half of prospective International buyers complete their transaction. Those who do not have concerns with the length of stay their Visa allows, property taxes or immigration laws.

Typical investments include single-family homes, condos or town-homes for vacation purposes, used on average 2-3 months of the year. Amazingly almost half of the transactions are completed with cash. The majority of the overseas buyers home countries are Canada, United Kingdom, Mexico, China, India and Germany.
 

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