Texas and International Real Estate
The increased flow of international activity in Texas is apparent, especially in the real estate industry. Mexico is an obvious source of real estate investors, but buyers are coming from all over the world to purchase property in the Lone Star State.
- Texas cities are consistently among the top destinations searched by foreign buyers hailing from Mexico, the Philippines, and Singapore, according to data from realtor.com® international.
- Houston was the #5 most searched U.S. city by non-U.S. consumers throughout the month of April (realtor.com® International – Source: Omniture Discover – April 2013).
- NAR’s State-by-State International Business Reports state that the top 5 immigration origination countries are Mexico, India, Vietnam, China, and the Philippines.
International real estate in Texas is so important that both the Texas Association of REALTORS® and the National Association of REALTORS® have dedicated resources to educate REALTORS® on its significance. A six-minute video from the Texas Association of REALTORS® highlights initiatives from the two groups.
International business isn’t a niche anymore, especially in a state as culturally diverse as Texas. It’s a mindset. The Certified International Property Specialist (CIPS) designation can help you adopt a global mindset and make more money from international business.
The designation includes comprehensive education on completing an international real estate transaction – from assessing your local market to discover who is purchasing in your area, to cultural differences you might come across, to securing financing for an international client. You’ll also learn about tax and visa laws. After the courses, the value in maintaining the designation is being part of a strong referral network of elite international real estate professionals.
Visit our CIPS pages to learn more about the designation and how you can make more money in international real estate.