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Patricia Tan – Perspectives – International REAL Estate

Thursday, October 11, 2018

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Money Flows Across Borders By Patricia Tan The U.S.A. and the U.S. dollar have long been considered safe havens for capital from around the world, and our real estate market has been a beneficiary of that money flow. We see money fleeing political instability in its own country, or simply being invested here for a return. The strength of the U.S. dollar in international markets does have an impact on the rate at which money flows across our borders. A weak dollar tends to attract foreign investment, while a strong dollar may encourage prof-it-taking and repatriation of funds. Canadians represent […]

Patricia Tan – Perspectives – International REAL Estate

Friday, August 17, 2018

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Welcome! To Our Summer Real Estate Buyers By Patricia Tan Just as our tourism market is becoming less seasonal, so too is our real estate market. The gap is narrowing between the number of transactions closed as a result of our winter seasonal visitors, and transactions closed during the steamy summer months. No sooner have we waved goodbye to our winter residents and visitors, then we start to greet summer tourists who come to sample our sunny shores. We hope they will stay a while and enjoy the Florida lifestyle. Many of our summer visitors will be from other countries, […]

Patricia Tan – Perspectives – International REAL Estate

Wednesday, February 21, 2018

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Are You Ready? By Patricia Tan A growing number of U.S. citizens are choosing to live in other countries. Are you ready to join them? In 2016 more Americans than ever before surrendered their passports and chose to renounce their U.S. citizenship. The latest statistics available for 2017 also show that the numbers are continuing to climb. But this is only part of the picture. An ever-increasing number of Americans simply choose to live in a foreign country while retaining their citizenship. The decision to relocate may be based on personal, economic, financial or lifestyle choices, but it is most […]

Patricia Tan – Perspectives – International REAL Estate

Monday, December 18, 2017

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2017 World Tour – A Look at Some Global Trends By Patricia Tan This has been a busy travel year for me and my business partner, Carla Rayman, as we worked to further develop our overseas network of real estate partners, and bring Sarasota properties to international buyers. As the year end approaches, I thought it might be interesting for readers to see some of the trends in international real estate that we have observed while on our travels. Portugal Portugal can probably boast the fastest growing market for international buyers. Continued investment by Chinese and other foreigners looking to […]

Patricia Tan – Perspectives – International REAL Estate

Wednesday, October 25, 2017

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5 Things Foreigners* Ask About Spending Time in Florida By Patricia Tan Over the years I have worked with real estate buyers from many countries around the world. Their home countries and the properties they buy may vary, but their questions remain the same. Here are the top five questions I hear from overseas customers considering a longer stay in Florida: How long can I stay in my Florida vacation home, without running into visa issues? Once an overseas visitor has purchased a vacation home here, they can apply at the U.S. Embassy in their home country for the B1/B2 […]

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 […]

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 […]

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.

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 […]

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 […]

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 […]

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 […]

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 […]

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. […]

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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