Here are some great reasons to join:
Florida was one of the top five states for purchases by foreign buyers., The National Association of REALTORS® estimated the total sales volume for foreign buyers at $121 Billion. Foreign buyers purchased more expensive homes than domestic buyers. Florida attracted buyers from Latin America, the Caribbean, Europe, Asia and Canada who tend to purchase properties in warm climates for vacation purposes.
Consider these facts:
- $22.9 Billion in sales to international buyers for the year ending 7/18
- 19% of Florida’s market (volume) was to international buyers
- 52,000 residential properties
- 13% of Florida’s market (units)
- 67% made an all-cash purchase
- 71% of foreign buyers purchased residential property for vacation, residential rental or for both uses.
- 93% of the foreign buyers visited Florida at least once before purchasing a property
Note: The facts above were provided as part of the National Association of REALTORS® Profile of International Home Buyers in Florida study. To review the entire study, click here.
October, 2018 – The 2018 Profile of International Residential Real Estate Activity in Florida indicated that Latin American and Caribbean buyers accounted for the largest fraction of Florida foreign buyers at 36 percent. The other major buyers of real estate properties were Canadians at 22%, Europeans at 19% and Asians at 11%. While foreign buyers purchased property across the state, most foreign buyers were concentrated in five metropolitan areas:
Miami-Fort Lauderdale-West Palm Beach (Fifty-Four percent), Orlando-Kissimmee-Sanford (nine percent), Tampa-St. Petersburg-Clearwater (nine percent), Cape Coral-Fort Myers (five percent) and North Point-Sarasota-Bradenton (five percent).
PIC can help hone your skills to market to this niche!
Information: Receive firsthand news on international issues and events at the local, state, national and global levels before nonmembers.
Networking: Council members are provided with several networking programs per year to increase business connections in addition to monthly International Marketing Sessions where members can review and discuss International listings.
Education: Educational programs are designed to enhance members’ cultural and marketing general knowledge along with specific foreign markets. Legal, taxation, and cultural issues seminars provide Council members with a good foundation to work on an international transaction.
Certified International Property Specialist Designation (CIPS): Focuses specifically on the “international” market. CIPS members are the consumers’ best resource to ensure they are dealing with a professional skilled in the unique aspects of international real estate. Each year, courses are offered and you will be advised of many opportunities to win a scholarship to a CIPS class. In 2019 due to our merger with CPAR we are happy to announce that we will be offering some of our CIPS classes up in Pasco county.
Trade missions: Be a part of inbound and outbound trade missions. PIC did an outbound trade mission to both Bordeaux France and the Dominican Republic in 2018. For 2019 we are currently planning an inbound trade mission with Brazil in April. We are started to try to plan for an outbound trade mission in 2020. Join PIC and help us plan our next trade missions.
Affiliations with local organizations: Be the first to receive invitations to the Cultural Awareness exceptional education and networking events.
Leadership opportunities: The knowledge and involvement from the PIC could lead to opportunities to be in the pipeline for FR and NAR committee appointments including NAR President Liaison. On the local level, you have the opportunity to participate in a Committee leadership position.
Worldwide exposure: Through the PRO International website, there are volunteer opportunities for sponsored booths for events, social media presence with PIC Facebook page and opportunities to have articles and blogs published in PROView Weekly Newsletter and much more!
Ready to join?
Current Pinellas International Council Members
This list is updated quarterly.
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