With the retreat of the 'pre-crisis' speculator wh...

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The Modern Overseas Buyer 08 February 2010

With the retreat of the 'pre-crisis' speculator who bought for quick profitable resales; the new 'post-crisis' investor is emerging ... a new type of international real estate investor with a different mindset and goals.

One can expect the 'new' global investor to:

  • *  Be informed and demand better service from the industry
  • * Not make decisions based on thin slices of information but demand openness and transparency
  • * Be skeptical of promises made by developers on their websites and brochures
  • * Be wary of pre-construction properties, preferring to purchase completed real estate with amenities they can enjoy right now.
  • * Want to understanding the financial health of the community before they invest
  • * Expect substantial discounts on the market highs of 2007
  • * To haggle, even when it comes to high-end properties
  • * To be drawn to real estate that is a bit low key
  • * To be interested in properties that generate revenue in the short term.
  • * To be motivated by lifestyle factors (not just financial gain)
  • * Focus on regions with a low cost of living, good health care and safe streets
  • * To avoid areas with over-supply risk and copy-cat developments
  • * To seek safe haven investments and tax friendly environments
  • * Be interested in contributions to larger concerns such as environmental preservation, the local community and sustainable approaches to building, water, and energy

 
Discuss (1 posts)
The Modern Overseas Buyer
Feb 08 2010 17:45:11
So true. Just as properties were purchased in countries like Thailand for families to stay over and holiday while execs from UK and US visited their factories in Vietnam, so to is it likely to happen in South Africa.
#180

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12 Days to Christmas 12 December 2009

With the festive season underway, December 25th only a few days away, and the year end shortly thereafter - it's a great time to not only reach out and give to others, but also to consider touching your clients and sphere of influence in a meaningful way.

Here is a list of ideas ...

  1. 1. Write personal notes using your data base. This is a great exercise to see how well you remember all of them and their homes ... and check that you have it up to date.
  2. Find every client you have or have had, add them as a friend on your Facebook profile ... including a nice, non-real-estate-related greeting in the message.
  3. When they accept your Facebook add, post a simple note on their wall wishing them a great new year.
  4. Have a Christmas Pudding collection event. There are a number of organisations that sell them to raise funds - You'll be able to support a cause and only get to pay for those puddings that were collected.
  5. Invite everyone to volunteer
 
Discuss (1 posts)
12 Days to Christmas
Dec 12 2009 06:33:14
Cool ideas and great use of Facebook.
Here's another one - Drop off bin at the office party and invite everyone to bring a toy/food/diaper to the party!
#176

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