Friday, November 19, 2010

REALTORS® in Tampa, Florida Gain New Perspective on Global Real Estate Market

SI Real Estate has specialized in working with international real estate clientele for many years, and it appears that many other REALTORS® in Tampa, Florida and around the nation are learning the importance of understanding this sector of the real estate marketplace. The real estate market continues to enjoy a large international investor pool of buyers. This is great for the real estate market and the economy as a whole as it helps to reduce inventory of properties for sale and will lead to housing price stabilization.

The 2010 REALTORS® Conference & Expo in New Orleans that was held in the first week of November had a series of international discussions to gain global real estate insights during the “Bringing International Real Estate Practices to the U.S.” seminar at the conference. S. Nicolai Kolding, partner at REAL trends and Murray Consulting, spoke about the real estate landscape saying, “As a real estate professional, especially one that works with international clients, it is vital that you are educated on the differences in real estate practices throughout the world. Not only does it make you more valuable as a professional, but also it helps the U.S. real estate industry learn from other countries, essentially becoming a more global society.”

Vicki Cox Golder, president of the National Association of REALTORS® echoed that by adding, “According to the 2010 NAR Profile of International Home Buying Activity, more and more REALTORS® are working with international clients who want to buy in the U.S. and realize the importance of understanding different cultures and real estate practices – it’s just one more way REALTORS® add value to buyers, sellers and investors.”

International investors most often purchase real estate in the United States with cash. Cash is still king in any marketplace, and it is especially true in the world of real estate. So, while some prospective home owners and investors in this country sit waiting on the fence to see when the market may bottom out, international investors are snapping up properties in large numbers.

Ultimately, we will be living in a truly “global” society. SI Real Estate has prepared itself for this trend. Have you? To learn more about international investment in the United States, call SI Real Estate at 813.631.5144. After all, we are “Global Real Estate in Every Way!”

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