With Everything Going Global, Should You?
I spent a quick year out of the mortgage industry, honing in on the international trade finance market and banking. Coming back to the real estate industry has been interesting thus far, as numbers like sales, as expected are lower, prices are lower, credit is difficult, and real estate purchase / refinance moral is at an all time low. With the events of the past few years in the US economy it is evident that our economy is interconnected with other, due to technology, business expansion, and the needs of other economies to become more industrial. Even if you didn't want it, some businesses are faced with the fact that they have to go global to remain competitive.
The real estate market is so local in terms of the borders we, real estate pros, have to transact business. Although, a buyer outside of the USA could purchase a home here in the USA, our immediate marketing consists of local buyers, in our communities. And of course, if there was a foreign buyer, they may be a big investor that may only be interested in a big portfolio of homes, REO homes/packages, and/or securities.
But what if you could promote a continual feed of homes advertised to your global clients? Especially, in California, and with the value of the dollar, I could see this area being a potential for realtors out there. I know that if I was to ad homes to my website, sooner or later, I'd have an interested party. Even networking with realtors outside of this country. It could be interesting.
If anyone is interested in continuing this conversation, please let me know.