Global Day Colorado 2012

The Denver Metro Association of REALTORS® Global Business & Alliances Colorado Council has worked hard to present this fantastic program, Global Day Colorado.  This event is bringing people together from the international community, the State government, and the REALTOR® Community.  There will be information presented at this event that will describe:

  • the international activity in the United States, current foreign investment and Colorado Statistics
  • the State Governments push to bring more international business into Colorado, direct flights from around the world
  • how tourism, sustainable energy, agriculture and water are being impacted (foreign investment in water and agricultural exports)
  • an update on the Aerotropolis (airport city)
  • status of the EB5 Visa and H-2B Visa/quota

The international community is participating  and sponsoring this event (World Trade Center, Denver Global, Denver Sisters Cities, Keylingo Translations, and others).

There is no fee to attend!  Our sponsorships are providing the food and beverages throughout the day.  As a bonus, Inge was able to get the German, French, Swedish Chambers of Commerce and  World Trade Center to host their quarterly Euro Networking Reception at the DMAR location following.  This is a wonderful opportunity to network and build business relationships – and to learn how we might work with the international communities and the State to attract and retain jobs!  People with jobs buy homes!

Please consider attending – and if you are not able, we would appreciate it if you would promote this information to the agents in your office.  For your convenience we have attached the link to our Agenda for Global Day.  If you are able to attend, you can register by clicking on this link:

http://www2.realtoractioncenter.com/site/Calendar?id=106961&view=Detail

Please RSVP if you are able to attend as we need to plan for the proper amount of food and drink.

5 Things You Need to Know Before Investing in International Property

For many people who are interested in purchasing international property, the appeal is not just about having a vacation home in an exotic location. Rather, purchasing international property is an excellent way to diversify an investment portfolio or to obtain rental income. Some international property purchases also come with extra perks. In Dubai, for example, those who purchase property automatically receive a business visa. Still, when purchasing international property, there are several things to keep in mind.

Know the Rules and Conventions

While there are similarities in every type of property purchase, the rules and conventions of each country do have their differences. Some things to look into in the country where you are considering making a purchase include:
• Ownership restrictions
• Property tax laws
• Development regulations
• Purchase contract regulations

Remember, many countries have restrictions regarding property ownership. In Mexico, for example, foreigners cannot purchase land within 30 miles of the coastline or within 60 miles of the U.S. border. Furthermore, the purchase process can be quite different from one country to the next. In the U.K., no deposit is required after the seller accepts the offer. At the same time, there is no contract at this point. Being aware of these differences will help you avoid making costly mistakes.

Research the Currency

Purchasing international property in Europe has been a popular choice among investors because the euro has increased in value as compared to the dollar. Yet, it is important to keep in mind that currencies may slide, which means the value of the property will also decline. Therefore, it is essential to research the country’s currency in order to get a better idea of how its value is likely to change in the future.

Understand the Political Climate

A country’s political climate can have a significant impact on the value of its property. Not only can political changes have an effect on ownership laws, but it can also have an effect on the overall stability of that country’s economy. By gaining an understanding of the country’s political climate, you can better determine if a property purchase will serve as a solid long-term investment.

Check the Title

Whether purchasing at home or abroad, it is always in your best interest to check the title to ensure the buyer has full title to the property. This is even more important when purchasing an international property, however, as you may experience significantly less protection if you get caught up in a bad deal.

Become Familiar with the Location

Before making an international purchase, it is a good idea to spend a significant amount of time in the country you are considering. Don’t stay in a resort, however, as this will give you a distorted image of what the area has to offer. Rather, rent out a home and gather as much local information as you can. This way, you can get a better feel for where the market is heading and if this is a wise investment purchase to make.

About The Author – Eric Bramlett is co-owner and broker of One Source Realty, a boutique Austin real estate firm, and specializes in Downtown Austin condos.