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Patricia Tan – Perspectives – International REAL Estate

Monday, June 26, 2017

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Americans Venture Overseas For Real Estate By Patricia Tan The strength of the U.S. Dollar has led to an increase in the number of Americans considering the purchase of real estate in another country. Their motivations can be many and varied: from straightforward investment potential, to life style choices, less expensive retirement living to a desire to reconnect with their ethnic roots. Whatever the motivation, the decision to buy real estate in another country is not one that should be taken lightly. My advice to anyone considering such a purchase right now would include: • Conduct extensive research on the […]

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Patricia Tan – Perspectives – International REAL Estate

Sunday, April 16, 2017

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Taxing Matters For Non-Residents Who Own U.S. Real Estate By Patricia Tan What season Is it? Some might say “Spring” as temperatures are in the 70s, others may say “Tourist Season” as they sit patiently in heavy traffic, but as I write this article I am working on my annual accounts, so I would say “It’s Tax Season!” It is this time of year when I get questions from some of my overseas customers who are working on their tax returns too, and I thought it might be useful to spend a few minutes looking at how foreign real estate […]

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Patricia Tan – Perspectives – International REAL Estate

Tuesday, January 17, 2017

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Trends To Watch For In 2017 By Patricia Tan As I write this, the end of 2016 has passed, and it is about time to get out our crystal ball and see what the New Year will hold. My business partner, Carla Rayman, and I had a head start on this. We were invited to present at the National Association of REALTORS annual convention in November and talk about the shifts we may see in global real estate in 2017. We started our research in October and are happy to share some of that with you here.

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Patricia Tan – Perspectives – International REAL Estate

Monday, November 14, 2016

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What Does BREXIT Mean To Our Real Estate Market? By Patricia Tan I was born and raised in England and watched with interest as the United Kingdom decided its future – whether to remain in the European Union or leave and become autonomous again. While it was a very close vote, the majority of the British people did vote to exit the E.U. The exact details of BREXIT will be negotiated over the next two years, and its full impact will not be known for some time. Many readers know that I make several trips each year to the United […]

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Patricia Tan – Perspectives – International REAL Estate

Tuesday, September 20, 2016

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Confidence In Your Real Estate Professional Makes Decision Making Easier By Patricia Tan As we experience Florida’s hot and humid summer months, and the snow birds have long gone, we continue to welcome many international visitors to the area. Long summer vacation weeks in Europe make this the perfect time for Europeans to make the long journey here to enjoy sun and sand. Many of these visitors are so taken with what our wonderful area has to offer, they contemplate purchasing a home so they can stay for longer periods, and have a place to call their own. Many think […]

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Patricia Tan – Perspectives – International REAL Estate

Wednesday, June 1, 2016

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The Changing Face Of International Real Estate By Patricia Tan As we wave good bye to our winter visitors, we hope they enjoyed our balmy, sunny shores, and that they will be back again. While many of those visitors come here from the cold northern States, we still welcome a large number from other countries – Canada, United Kingdom, Germany and even as far away as Australia and South Africa, to name a few. In the past, many of these international visitors, just like their American counterparts, have fallen in love with our area and start to think about purchasing […]

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Patricia Tan – Perspectives – International REAL Estate

Sunday, April 24, 2016

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2015 Was A Record Breaker What Does 2016 Hold? By Patricia Tan Spring is definitely upon us, and those of us in the real estate industry will be taking a welcome respite from a very busy selling season which came hard on the heels of a record breaking year for real estate transactions in Sarasota and Manatee Counties. 2015 was certainly one for the record books. 20,691 homes were sold in our desirable spot on the Gulf Coast – 1,302 or more than in 2014, and an increase of more than 6%. As you would expect, our median sales prices […]

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Patricia Tan – Perspectives – International REAL Estate

Wednesday, February 24, 2016

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Why Buy A Home In Florida And Why Now? By Patricia Tan Here we are in the middle of winter and enjoying balmy weather with temperatures in the 70s. Need I say more? While our climate is a big attraction to those thinking about purchasing a home for retirement, or a vacation property, it may not be enough on its own to persuade home buyers to write a sizable check. Recent world events and volatility in the stock market have led many home buyers to pay more attention to the potential returns that their second home can provide. I thought […]

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Patricia Tan – Perspectives – International REAL Estate

Thursday, January 7, 2016

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Buying A Home in A Competitive Market By Patricia Tan Inventory of homes for sale in our area is very low. This means buyers will have fewer choices and may be involved in purchasing a home that has several people interested to buy. As a buyer, what can you do to ensure your offer to purchase will be successful? When most people construct an offer, they think about the price they are willing to pay as their “offer”. In reality, an offer needs to be much more comprehensive in order for it to be given serious consideration by the seller. […]

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Patricia Tan – Perspectives – International REAL Estate

Wednesday, December 2, 2015

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Surprising Statistics By Patricia Tan The Research Division of the National Association of REALTORS recently published a report on the profile of international home buyers in Florida, and it revealed a few surprises. Many of us already know that Florida is a major destination for foreign real estate buyers – those who purchase primary residences, second homes and investment properties here. About 25% of all foreign buyers choose to make their purchase in the Sunshine State, and Florida has consistently been in the top 3 states for international investment over recent years. Latest research reveals that, over the past year:

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Patricia Tan – Perspectives – International REAL Estate

Wednesday, October 21, 2015

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Do Tourists Buy Homes? By Patricia Tan I was approached recently by the Florida Association of Realtors® and asked to present at their annual convention in Orlando. They wanted my presentation to discuss ways in which my fellow Realtor® members could convert tourists into home buyers. The invitation spurred me to do some research and think about this conundrum. Do tourists actually buy homes? The answer is a resounding yes! People who discover our beautiful area as a vacation destination often become homeowners and members of our community. The thought processes they go through to achieve this are many and […]

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Patricia Tan – Perspectives – International REAL Estate

Tuesday, July 21, 2015

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Why Should I Have a Formal Home Inspection? By Patricia Tan Truth is confirmed by inspection and delay Falsehood by haste and uncertaintyTacitus, A.D. 56 to 117 The Roman historian Tacitus was certainly not commenting about a modern day home inspection, but nevertheless home buyers should heed his advice. Nowhere is the Latin phrase Caveat Emptor, (Buyer Beware) more feared than in the real estate market. It really is the responsibility of the home buyer to ascertain exactly what he is buying in terms of the condition of the property. In most cases, detailed inspections will be performed after a […]

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Patricia Tan – Perspectives – International REAL Estate

Thursday, April 9, 2015

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Closing Costs and Their Impact on Overseas Buyers By Patricia Tan I am writing this article from a cold, dreary and very gray England, where I just showcased Gulf Coast properties at a property exhibition attended by my fellow Brits who are interested in purchasing their very own place in the sun. A quick look out of the window and glance at the thermometer tells me why! One of the questions I encountered a lot during the property show was “Exactly how much will this home cost me?” A reference to the dreaded closing costs local buyers are so used […]

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Patricia Tan – Perspectives – International REAL Estate

Wednesday, February 18, 2015

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Buying in Florida? Six Steps to Success By Patricia Tan Buying a home in Florida is a very big step, whether you are from the northern states or outside the country. Many of our overseas customers ask us “What are the most important things for us to consider when looking to buy a home in Florida?”. I usually share a number of key points with them – things they should do to ensure their Florida property investment is a success, and I am happy to share those here. Understand Your Motivation Why do you want to buy a home in […]

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Patricia Tan – Perspectives – International REAL Estate

Saturday, January 10, 2015

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Something Old, Something New … By Patricia Tan . . . Something Borrowed, Something Blue . . . We are all familiar with this old English rhyme which gives advice to brides, but what does this have to do with real estate? In today’s real estate market, many areas have few homes being offered for sale. As the availability of resale properties tightens we are seeing a surge in interest in newly constructed homes, and I thought it might be useful to examine the pros and cons of older homes versus their new-build cousins. When purchasing a home, a buyer […]

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