Last Year, 90 percent of The Cherry Group's sales were with all-cash foreign buyers. The Coconut Grove Realtors know the ins and outs of these transactions which are more complicated than what one might think. Considerations include types of visas, moving money from foreign to US banks, installation of utilities and other logistics. We expect sales to foreign buyers will be just as robust in 2012 because home and condo prices are still very attractive, interestest rates are at an all-time low (foreign investors can still get a mortgage with 50-60 percent down) and exchange rates favor the foreign buyer. If you plan to list, please call The Cherry Group at 305.607.8360 to make that all-cash foreign buyer a reality.Monday, January 9, 2012
Another Big Year Ahead with Foreign Buyers
Last Year, 90 percent of The Cherry Group's sales were with all-cash foreign buyers. The Coconut Grove Realtors know the ins and outs of these transactions which are more complicated than what one might think. Considerations include types of visas, moving money from foreign to US banks, installation of utilities and other logistics. We expect sales to foreign buyers will be just as robust in 2012 because home and condo prices are still very attractive, interestest rates are at an all-time low (foreign investors can still get a mortgage with 50-60 percent down) and exchange rates favor the foreign buyer. If you plan to list, please call The Cherry Group at 305.607.8360 to make that all-cash foreign buyer a reality.
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