How Foreign Buyers Impact Our Real Estate Market By Patricia Tan Real estate prices are always a popular topic of conversation, and recent press coverage has given Florida home owners a lot to talk about. Reports from around the state tell of rising prices, falling inventory levels and increasing numbers of closed sales. Comments like “Reminiscent of our market boom in the early 2000’s” and “Houses selling as fast as they did in 2005” are commonplace. I thought it would be interesting to look back and put today’s property values in perspective.
Bowler Hats, Briefcases and The Bank of England British Icons in the City of London By Patricia Tan During my recent trip to England, I had several meetings in the City of London, Britain’s financial district, where I worked during the 1980s and 90s. I was thrilled to have the opportunity to be in “The City” doing business again – completely different from simply being a tourist and visiting the many historic sites there. So much of being British stems from our ancient heritage and traditions, and nowhere are these more evident than in the City. The “square mile” as […]
Foreigners Investing in Florida Real Estate A Taxing Issue? By Patricia Tan Winter was a very busy buying season for Florida real estate – the best we have seen in many years. A large part of the sales activity was down to foreign investors – those whose real home is outside the United States, looking to take advantage of our State’s low property prices and buoyant rental market. The end of winter also means tax deadlines are looming and it occurred to me that in working with foreign investors, I am often asked questions about how they will be taxed […]
International Real Estate – Communicating Across Cultures By Patricia Tan As I write this article, I am preparing for a marketing trip that will include meetings, presentations and showcasing Florida properties at real estate shows in Singapore, Malaysia and England. Developing marketing materials for these very different markets is somewhat challenging, as you might imagine.
So What is Really Happening in Our Real Estate Market? By Patricia Tan The start of a new year is always a time for reflection on the past twelve months and a look into what the future might hold. When we take this approach to the real estate market, we are fortunate in that the past does hold real statistics that we can consider in retrospect. During 2012 real estate across the country made significant improvement – sales and prices are up and inventory continues to decrease. Nowhere is this more true, than in Florida, where most markets saw strong […]
Selling a Home? Choose Your Marketing Partner Carefully By Patricia Tan A marketing partner? Why not a REALTOR® In my experience, a home is more likely to sell quickly, and for a higher price when there is a spirit of partnership between the seller and their REALTOR®. Each has their own role to play. The seller must provide access to their home and present it in the best possible way, based upon advice given by their real estate professional. While a REALTOR® has a very long list of duties associated with listing and selling a home, probably the most important […]
Florida’s Island Neighbor -Life In The Bahamas By Patricia Tan Just 50 miles off the coast of Florida, the Bahamas is our closest neighbor, and one that offers relaxed island living – a short boat ride and an easy escape from the hustle and bustle of Miami, and a quick flight from Orlando’s busy city life.
Political Clout? By Patricia Tan Have you ever thought of a Realtor® as having political clout? No? Read on ……. As the largest professional trade association in the United States, the National Association of Realtors® (NAR) represents more than 1.1 million residential and commercial Realtors® involved in all facets of the industry. NAR advocates policy initiatives that will result in the continued creation of a sound and dynamic U.S. real estate market, fostering vibrant communities in which to live and work. Easy to say, but what does it really mean?
Property Rentals – The Long And The Short Of It By Patricia Tan Lower property prices in Florida and a healthy demand for rental properties has led to an increase in demand from overseas investors. One of the questions I hear a lot when I am traveling is “Should I buy a property for short or long term rental?”
The Canadian Effect By Patricia Tan I write this article as our “season” draws to a close and we bid farewell to our cool weather comrades, our snow bird visitors who mean such a lot to our communities on the west coast Florida. This year, if you feel you may have heard more Canadian accents than usual, a quick look at our real estate buyer statistics may confirm your suspicions.
Why Do People Purchase A Home In Florida? By Patricia Tan Buyer Motivation What motivates someone to buy a property in Florida? As a real estate agent working with buyers, many of whom come from other countries, I am always eager to learn why they want to buy a property, as well as what they want to buy. Understanding a buyer’s motivation can shorten the sales cycle and result in a very happy customer.
Buying Property in Florida? Tips for Success By Patricia Tan Now we are in the height of our traditional “buying season” here in Florida, I thought it might be useful to provide some tips, particularly for our out-of-state and overseas visitors. Over the years, I have worked with buyers from many U.S. states and other countries and helped educate them on ways to make a successful purchase – one that they will enjoy many years into the future. These are my tips for success:
What Will The New Year Bring? By Patricia Tan In the last few weeks of 2011, I attended an international convention in California, and attended a series of presentations here in Florida. At these events, I heard several well respected economists give their predictions as to what might happen in our real estate market in 2012.
British Developers Leave Their Mark On Sarasota By Patricia Tan From its earliest days, Sarasota has seen the impact of British settlers and developers, and our landscape continues to be influenced by them today. The Florida Mortgage and Investment Company first promoted Sarasota as a “modern town” in Scotland in 1885.
Resort Style Living – It Sells! By Patricia Tan I recently attended a class on Resort and Second Home Real Estate Markets, and I learned a lot about why and how people buy homes in resort communities. We may not necessarily think about our beautiful spot on the Gulf Coast as a resort area, but that is exactly how many overseas and out of state buyers see us.
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Tuesday, October 15, 2013
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