- Learn about your tax situation
- Get your home inspected
- Complete a title report
Source: How Can a Foreigner Buy Property in USA – A Complete Guide (HomeAbroad, Aug. 28, 2021)
Mark your calendars for upcoming international real estate expos, so you can network and learn about trends and developments in the market. Discover new information sources for international buying, selling, and investments. NAR Global provides a wide range of resources to help international property specialists – browse them in the references tab.
As vaccines pick up globally, pent-up demand among foreign buyers is expected to increase. A CIPS designee has undergone specialized training to complete international transactions seamlessly with reduced risk. They have the expertise to work with international clients – both foreign-born individuals residing in the US and non-resident buyers of US real estate. In addition, these specialized real-estate agents are usually fluent in multiple languages.
See References for more information.
NAR Library & Archives has already done the research for you. References (formerly Field Guides) offer links to articles, eBooks, websites, statistics, and more to provide a comprehensive overview of perspectives. EBSCO articles (E) are available only to NAR members and require the member's nar.realtor login.
Networking Opportunities at Home & Abroad
2021 International Conferences / Meetings & EventsSeptember 27-29
C5 Summit, New York City, New York
C5 Summit is the premier US-based commercial real estate event launching in the Fall of 2021, in the heart of the city, at the center of the industry – New York. Who should attend and exhibit? Commercial industry influencers and industry partners including commercial brokers, state and local associations, economic development organizations, government officials, NAR Global members, along with domestic and international investors.
BOMA International Conference & Expo, Boston, MA
During the past year, the BOMA community has been a source of strength as we’ve supported each other during the massive changes we have been through. In 2021, BOMA is back — in person! Let’s get a handle on things together and discover what’s next for commercial real estate, from the latest information on market trends and conditions to the regulatory changes that affect your portfolios.
EXPO Real, Messe Munchen, Germany
Hosting the entire real estate industry from all over the world, the three-day trade fair takes place in Munich every October—and has been doing so since 1998. Being the biggest trade fair for property and investment in Europe, EXPO REAL offers you the ideal setting for efficient networking.
Our attendees are sales agents, associate brokers, broker-owners and real estate office staff, and they represent a variety of different office sizes and business franchises. Visitors come from all 50 U.S. states and several U.S. territories. The event also welcomes 1,500 international real estate professionals from over 65 countries. Approximately one-third of attendees are first-time visitors each year.
Join colleagues from all around the world. This is the international community's night to shine. We will honor the highest achievements during the Global Awards Ceremony.
November 30-December 2
MAPIC, Cannes, France
Created in 1995, MAPIC is the leading global platform to build vibrant retail & urban destinations. The international retail property market event will gather 8,200+ retail, property, food & leisure leaders from over 80 countries at the on-site event from 30 November to 2 December 2021.
International Real Estate Information Sources
AFIRE - Established in 1988, AFIRE is a nonprofit trade association headquartered in Washington, DC, and is an essential forum providing high-value thought leadership for real estate leaders from around the world. AFIRE’s members includes nearly 200 leading global institutional investors, investment managers, and supporting partners from 24 countries representing approximately US$3 trillion in real estate assets under management (AUM) in the US.
Global Property Guide - Our focus is financial. You may know what type of property you want. That's your choice, and it is partly or largely subjective. What you probably won't know is the rent that you might earn in another country, what you'll be taxed, and what the landlord and tenant law is, whether the property market appears to have good prospects. We examine these financial aspects of your purchase, comparing them across countries, so as to help you make choices.
Global Real Estate Project (University of Denver) - Our goal is to provide students, investors, and the general public with the tools they need to research real estate opportunities both domestic and abroad. We aim to provide the latest real estate trends data as well as thoughtful analysis and insight into doing business in many different countries around the world.
PropertyWire - PropertyWire.com is an online channel focused on news from both the residential and commercial real estate sectors. It is aimed at key business decision makers from industries such as estate agencies, property development and construction, surveying, architecture to a broad range of readers who just have a general interest in bricks and mortar.
The World Property Journal -.Our editorial focus and goal is simple -- to help all active property buyers, sellers, investors and tenants worldwide -- make more informed transaction decisions. Period.
Finding & Working With International Clients
How Can a Foreigner Buy Property in USA – A Complete Guide (HomeAbroad, Aug. 28, 2021)
Ideally, the right real estate agent should have an expert qualification such as a CIPS (Certified International Property Specialist) designation. A CIPS designee has undergone specialized training to complete international transactions seamlessly with reduced risk. They have the expertise to work with international clients – both foreign-born individuals residing in the US and non-resident buyers of US real estate. In addition, these specialized real-estate agents are usually fluent in multiple languages. They can help you find your way around any local state-specific rules and regulations while being knowledgeable about your cultural or language-specific needs.
Experts: Global Vaccines to Bring Foreign Buyers Back (REALTOR® Magazine Daily News, Aug. 6, 2021)
But as vaccines pick up globally, pent-up demand among foreign buyers is expected to be unleashed once again. Already, there are some signs of a return in pockets across the country. A housing development in the Dallas-Fort Worth area saw 130 homes sold the first day that lots were released. Most of the buyers were investors from foreign countries snatching up properties in bulk.AFIRE 2021 International Investor Report (AFIRE, May 4, 2021)
ASIA-PAC, EUROPE, AND CANADA Are the top three regions for increased capital flow into the US in the next three to five years, though most of the capital for US investment (35%) also originates in the US.International Transactions in U.S. Residential Real Estate (National Association of REALTORS®, 2021)
Top 5 Foreign Buyers
- Canada (8% of foreign buyers, $4.2 B)
- Mexico (7% of foreign buyers, $2.9 B)
- China (6% of foreign buyers, $4.5 B)
- India (4% of foreign buyers, $3.1 B)
- United Kingdom (4% of foreign buyers, $2.3 B)
CFIUS Real Estate Instructions (Part 802) (U.S. Department of the Treasury)
Pursuant to FIRRMA, CFIUS is authorized to review certain transactions involving the purchase or the lease by, or a concession to, a foreign person of certain real estate in the United States, beginning on February 13, 2020.
Global Resources From the REALTOR® Organization
Center for Real Estate Development is an Internet-based education delivery system where real estate professionals can takes courses online, click this link to browse the catalog for details on how to take the five required CIPS designation courses online.
The Certified International Property Specialist Network (CIPS) is made up of real estate professionals in over 60 countries, who focus on an international clientele. Through NAR's alliances with 81 national and regional Cooperating Associations worldwide, more and more members are joining the network from outside the United States. You can locate a CIPS Network member through our online directory by specific business, location and language specialties.Also follow CIPS on Facebook.
Global Alliances — NAR maintains formal relationships with 100 organized real estate associations around the world, giving REALTORS® confidence in working with professionals that abide by a code of ethics. These bilateral partnerships exist in 85 countries to help you establish business partnerships and referral opportunities.
Global Perspectives — a bimonthly newsletter, which serves as a resource for global professionals who wish to globalize their local market.
Global Resources for Association Executives — The first step toward building global business is to raise awareness among REALTORS® that opportunities exist at the local level. Nearly every REALTOR® in America has access to global and multicultural clients, but many are unaware of the possibilities that engagement of those groups can create .Association Executives can promote global awareness and business in many ways.
International REALTOR® Membership — Members of NAR cooperating associations throughout the world can join NAR and take advantage of the power of a million-plus member organization. In an industry where relationships are key to business success, this membership helps you stand out among other professionals.
International Real Estate Research — from The National Association of REALTORS® Find out about international transactions in U.S. residential real estate, state-by-state international business reports and much more.
Realtor.com® International — Discover our list of all the available countries/regions and start searching for your global property.
Resort Area & Second Home Specialty Resources on nar.realtor — Find out about the Resort and Second-Home Property Specialist and connect with other members working in this real estate segment.
For more resources and information on global issues visit: www.nar.realtor/global.
eBooks & Other Resources
The following eBooks and digital audiobooks are available to NAR members:
The Brazilian Economy (eBook)
Business Across Cultures (eBook)
Global Color: Clues and Taboos (eBook)
Foreign Language Study eBook Collection (eBook, Audiobook)
Multicultural Manners (eBook)
Understanding the Global Market (eBook)Have an idea for a real estate topic? Send us your suggestions.
The inclusion of links on this page does not imply endorsement by the National Association of REALTORS®. NAR makes no representations about whether the content of any external sites which may be linked in this page complies with state or federal laws or regulations or with applicable NAR policies. These links are provided for your convenience only and you rely on them at your own risk.