Wednesday, October 18, 2023

Tell us about your international properties. Market your property to the World in 2023-2024. 

In the fast-paced world of real estate, reaching a global audience is key to selling properties quickly and effectively. As we enter 2023 and move into 2024, here are some essential tips for marketing your real estate listings to the world.

1. Showcase Property Details

The first step in marketing your property to a global audience is to provide comprehensive details. This includes:

  • Property type (e.g., residential, commercial, or land)
  • Square footage or size
  • Number of bedrooms and bathrooms
  • Special features or amenities
  • Price range and currency

2. Highlight the Country and Location in your Post Comments

Clearly indicate the country where the property is located. In addition, specify the city or region. For example:

  • Country: The United States
  • Location: New York City, Manhattan

This information helps potential buyers understand the property's geographical context.

3. Emphasize Unique Features in your Post Comments

Differentiate your property by emphasizing unique features or selling points For example:

  • Stunning waterfront views
  • Beach location or access 
  • Local infrastructure, stores, food, healthcare, retail service facilities or shopping malls 
  • Modern kitchen with high-end appliances
  • Spacious backyard with a pool
  • Proximity to major landmarks or attractions
  • Capturing what makes your property stand out can pique the interest of global buyers.
  • Other details 

4. Multilingual Descriptions

To attract international buyers, provide property descriptions in multiple languages, including English language. This can significantly expand your reach and make your listings more accessible to a diverse audience.

5. Interactive Maps and Neighborhood Information

Provide interactive maps that highlight nearby amenities, schools, shopping centers, and public transportation options. Including information about the local neighborhood can help buyers visualize the property's surroundings.

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By following these strategies, you can effectively market your properties to a global audience in 2023-2024. With the right approach and a strong online presence, you'll maximize your chances of attracting international buyers and closing successful real estate deals.

 Moving Aboard? I have education and experience to make your transaction seamless.

Market your Illinois property to the world.

  • 60 million buyers across a vast network
  • 70 publishers and 40+ countries
  • key coverage in Asia, Europe, and North & South America
  • local MLS, listing syndication to over 100 approved sites and boards 
  • CIPS International Professionals are located in 46 countries 

   "I use REALTORS® powerful analytical platforms for your advantage"
  •     Know Your Buyer - demographics, interest, Geo locations and consumer behavior
  •     CMA - Comparative Market Analysis reports, pricing and neighborhood information, your property performance 
when you buy, sell or invest in real estate 

    " I know how to service international customers and conduct real estate transactions in Illinois. I know how to compete in today’s international real estate market. I have the education, the resources, and the network to build an international marketing strategy for your property to help attract qualified buyers from around the globe."

Dmitry Vikhter, Certified International Property Specialist

Tuesday, October 17, 2023

Unlocking the American Dream: A Guide to Your First Home Purchase in the U.S.

 Navigating the U.S. Real Estate Market: 7 Essential Tips for First-Time Homebuyers

Becoming a homeowner in the United States is a significant step towards achieving the American dream. With just over half of foreign-born households in the U.S. owning their homes, you too can embark on this exciting journey. However, the U.S. real estate market can be complex, and the process may differ from what you're used to. To help you navigate it successfully, here are seven essential tips for buying your first home, American-style:

Tip 1: Establish Your Identity

While you don't need U.S. citizenship or a specific visa to purchase a home, you must have a few key documents:

Individual Taxpayer Identification Number (ITIN): This number is assigned by the Internal Revenue Service (IRS) to foreign nationals who need to file income tax returns.

Valid Foreign Passport or Photo Identification: You should have at least one of these to confirm your identity.

It's important to note that property ownership isn't tied to your immigration or visa status, but it's essential to understand U.S. visa requirements to ensure you can stay in the country legally.

Tip 2: Plan Your Path to Homeownership

Consider getting a mortgage to expedite your journey to homeownership and start building equity sooner. The U.S. offers a variety of safe and affordable mortgage options, some of which accommodate specific religious or ethical requirements, such as those for Muslims who wish to avoid paying interest. To secure a U.S. mortgage:

Establish credit by opening U.S. bank and credit card accounts.

Ensure all your income is reported on your tax returns, as lenders use this information to assess your borrowing capacity.

Major banks with global operations often have experience working with foreign buyers and a process for verifying credit established in other countries.

Tip 3: Partner with a Certified International Property Specialist

When selecting a REALTOR®, ensure they are a Certified International Property Specialist (CIPS) with experience, training, and education in assisting foreign-born homebuyers. Additionally, consider consulting with an experienced real estate or title attorney to protect your interests. Communicate your native country's home-buying process to your real estate agent and ask them to explain U.S. customs, including closing costs, inspections, and negotiations. Variations can exist even within the U.S., so understanding these differences reduces stress and helps you secure a favorable deal.

Tip 4: Embrace the Informal Process

U.S. business culture fosters a relaxed and casual attitude toward real estate transactions. Although real estate contracts must be in writing, the process leading up to the contract signing may be less formal than what you're accustomed to in your home country.

Tip 5: Convert Units Effortlessly

Familiarize yourself with the U.S. standard measurement system or use a metric converter app to help you estimate room and home sizes while house hunting.

Tip 6: Language Support Matters

If English isn't your first language or you prefer communicating in your native language, look for inspectors, mortgage bankers, and REALTORS® fluent in your language. While translated copies of standard real estate documents are possible, you'll likely need to sign the English versions during your home purchase.

Tip 7: Prepare a Financial Blueprint for Homeownership

Finally, it's crucial to create a comprehensive financial plan for homeownership. Consider all related expenses, including property taxes, homeowners insurance, and maintenance costs. This plan will help you manage your finances effectively and ensure you're well-prepared for the responsibilities of owning a home in the U.S.

By following these seven tips, you can navigate the U.S. real estate market with confidence and successfully embark on your journey to becoming a proud homeowner. Good luck, and welcome to the world of American homeownership!

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Explore essential tips for first-time homebuyers in the United States, from navigating the complex real estate market to understanding the unique requirements for foreign buyers. Learn how to establish your identity, secure a mortgage, work with experts, and embrace the U.S. home-buying experience while creating a financial plan for successful homeownership.

Tips for buying your first U.S. home: identity, mortgage, experts, and more. A guide to successful homeownership.

International Buyer Application Chicago