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Inman’s editorial team has no hand in the creation of this content. Advertisers interested in sponsored content can learn more here As real estate grows more global with the increased transparency and power of the ever-maturing internet, real estate agents have immense opportunities to capture lucrative international, long-distance business to which they didn’t previously have access.
This business opportunity is significant. Foreign buyers purchased $153 billion of U.S. residential real estate in the 12 months through March 2017, a jump of nearly 50 percent from the previous 12 months and over 10 percent of the market by sales volume!
That’s according to NAR’s 2017 Profile of International Activity in U.S. Residential Real Estate. Adding to the attractiveness of this large and growing market segment, many of these transactions offer agents a big payday.
A notable portion of international buyers and sellers are affluent global elites looking for promising investments and luxurious vacation homes. But capturing this lucrative business is tricky. Read more from inman.com…
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