Coldwell Banker Releases 'The International Buyer's Guide to Purchasing U.S. Property'

Coldwell Banker Real Estate recently released "The International Buyer's Guide to Purchasing U.S. Property," an in-depth collection of guidelines and best practices to demystify the buying process for international clients seeking to purchase property in the United States.

The International Buyer's Guide also serves as a helpful resource to help Coldwell Banker affiliated agents better serve clients, and as a marketing resource for agents to build referral business globally.

Key features in The International Buyer's Guide include:

The Current Real Estate Landscape

With travel bans eased, international interest in the United States real estate market is expected to increase due to pent-up demand. In 2022, international buyers spent more money, but purchased fewer properties than in previous years. According to the National Association of REALTORS®, while transactions further decreased, the dollar volume of foreign buyer purchases rose 8.5% to $59 billion between April 2021 and March 2022.

• Big Spenders: International buyers accounted for $59 billion in dollar volume for residential properties purchased.
• Cash Offers: 44% of international buyers paid all-cash for a U.S. property, compared to 24% among all existing home buyers.
• Real Estate Investment: 44% of international buyers purchased property for use as a vacation home, rental or both in the United States.

Dream Locations

The five U.S. states that attract the greatest number of international home buyers are Florida, California, Texas, Arizona and New York. While cities like New York and Los Angeles have traditionally attracted the most international dollars, secondary cities are on the rise, presenting as "hidden gem" opportunities. The Coldwell Banker Global Luxury program issued "The Report 2022," which includes "The Opportunity Index" that measures a market's percentage of annual price increase against the current inventory level.

"We're ecstatic to welcome back international investment into the U.S. real estate market," said Liz Gehringer, President of Affiliate Business and Chief Operating Officer of Coldwell Banker Real Estate. "Gone are the days where the agent is just part of a transaction – today, they're a lifelong partner, helping consumers craft their dream life. The 'International Buyer's Guide to Purchasing U.S. Property' offers prospective buyers a full-scale look at best practices, tips and recommendations when thinking about their next purchase."