respondents are more likely to work - har.comcontent.har.com/doc/2017 har global members...
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![Page 1: Respondents are more likely to work - HAR.comcontent.har.com/doc/2017 HAR Global Members Survey.pdfCanada India China Mexico Other (Please Specify) What country are the majority of](https://reader034.vdocument.in/reader034/viewer/2022050419/5f8e6b110560ce13ed577150/html5/thumbnails/1.jpg)
![Page 2: Respondents are more likely to work - HAR.comcontent.har.com/doc/2017 HAR Global Members Survey.pdfCanada India China Mexico Other (Please Specify) What country are the majority of](https://reader034.vdocument.in/reader034/viewer/2022050419/5f8e6b110560ce13ed577150/html5/thumbnails/2.jpg)
Respondents are more likely to work
with International clients vs. 2016
59%
36%
41%
64%
2017 2016
Do you currently work with International Clients?
Yes No
![Page 3: Respondents are more likely to work - HAR.comcontent.har.com/doc/2017 HAR Global Members Survey.pdfCanada India China Mexico Other (Please Specify) What country are the majority of](https://reader034.vdocument.in/reader034/viewer/2022050419/5f8e6b110560ce13ed577150/html5/thumbnails/3.jpg)
Residential is the main focus
Yes No
Residential Purchase 98% 2%
Residential Leasing 86% 14%
Commercial Purchase 50% 50%
Commercial Leasing 46% 54%
Land Purchase 52% 48%
Which of the following types of properties have you worked with international
clients on?
![Page 4: Respondents are more likely to work - HAR.comcontent.har.com/doc/2017 HAR Global Members Survey.pdfCanada India China Mexico Other (Please Specify) What country are the majority of](https://reader034.vdocument.in/reader034/viewer/2022050419/5f8e6b110560ce13ed577150/html5/thumbnails/4.jpg)
Detached single family most popular
property type
![Page 5: Respondents are more likely to work - HAR.comcontent.har.com/doc/2017 HAR Global Members Survey.pdfCanada India China Mexico Other (Please Specify) What country are the majority of](https://reader034.vdocument.in/reader034/viewer/2022050419/5f8e6b110560ce13ed577150/html5/thumbnails/5.jpg)
Most are interested in City/Suburban
areas
0%
9%9%
66%70%
Other (Pleasespecify)
Rural areas Resort areas(waterfront, golfcourses, etc.)
Suburbs City/urban setting
For residential transactions involving international clients, in what type of area are most of the properties located?
2017
2016
![Page 6: Respondents are more likely to work - HAR.comcontent.har.com/doc/2017 HAR Global Members Survey.pdfCanada India China Mexico Other (Please Specify) What country are the majority of](https://reader034.vdocument.in/reader034/viewer/2022050419/5f8e6b110560ce13ed577150/html5/thumbnails/6.jpg)
Multi-family – most popular type of
commercial property
18%23%
29%33%
48%
56%
What type of commercial property are most of your international clients interested in purchasing or leasing?
![Page 7: Respondents are more likely to work - HAR.comcontent.har.com/doc/2017 HAR Global Members Survey.pdfCanada India China Mexico Other (Please Specify) What country are the majority of](https://reader034.vdocument.in/reader034/viewer/2022050419/5f8e6b110560ce13ed577150/html5/thumbnails/7.jpg)
Strong interest from Spanish-speaking
countries
10%
11%
18%
28%
48%
50%
England
Canada
India
China
Mexico
Other (Please Specify)
What country are the majority of your international clients from?
Columbia
Venezuela
France
Israel
![Page 8: Respondents are more likely to work - HAR.comcontent.har.com/doc/2017 HAR Global Members Survey.pdfCanada India China Mexico Other (Please Specify) What country are the majority of](https://reader034.vdocument.in/reader034/viewer/2022050419/5f8e6b110560ce13ed577150/html5/thumbnails/8.jpg)
$250 to $400k most popular price point
4%
22%
35%
13% 14%
8%5%
$100,000or less
$100,001 -$250,000
$250,001 -$400,000
$400,001 -$500,000
$501,000 -$750,000
$750,001 -$1,000,000
More than$1,000,000
For transactions where your international client is making a purchase, what is the average purchase price for the
property?
![Page 9: Respondents are more likely to work - HAR.comcontent.har.com/doc/2017 HAR Global Members Survey.pdfCanada India China Mexico Other (Please Specify) What country are the majority of](https://reader034.vdocument.in/reader034/viewer/2022050419/5f8e6b110560ce13ed577150/html5/thumbnails/9.jpg)
Mix between cash and financing
33%
23%
43%
2%
37%
18%
44%
2%
Cash Apply for financing About even betweencash and financing
Other (Please specify)
How do the majority of your international clients pay for their properties?
2017 2016
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Referrals and personal contact critical
to success
8%
13%
16%
62%
67%
Traditional marketing practices
Other (Please specify)
Online marketing
Personal contact
Previous client referral
How did most of your international clients find you, their REALTOR®?
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About 1/3 of International clients are
more challenging than normal
7%
14%
43%
35%
Much easier Somewhat easier About the same Much more challenging
Are international clients generally easier, about the same as, or more challenging to work with than other clients?
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Financing, tax, immigration laws largest
barriers; Hurricane - new barrier
26%
4%
12%
18%
14%
30%
32%
21%
50%
Concerns about hurricanes/natural disasters
Insurance costs
Other (Please Specify)
Cost of the property
Property taxes
Immigration laws
Tax laws
Unable to find a property
Financing issues
What are the three biggest barriers preventing your international clients from purchasing property?
2017 2016
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English-only documentation and
transaction process most difficult
8%
9%
10%
13%
27%
33%
Language barriers/communicating with client
Other (Please Specify)
The closing process
Negotiating the transaction
The documents and contract not in client’s language
Explaining the transaction process
What is the most challenging part of the real estate process when dealing with international clients?
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Strong belief that International market is
growing
65%
29%
5%
Growing Remaining the same Becoming smaller
Would you say the market for U.S. properties among international clients is growing, about the same or becoming
smaller?