Foreign Investors: Welcome!

Boston Condos for Sale and Apartments for Rent

Foreign Investors: Welcome!

Investment in the housing market is on the rise again.

Investors purchased approximately 44,000 homes in the United States in the first quarter, according to a report from Redfin. That was only a 0.5 percent increase year-over-year, but represented the first rise in activity by investors since 2022’s second quarter.

Investors also claimed a larger share of transactions. They accounted for 18.7 percent of home sales in the country in the first quarter, the highest share in nearly two years.

Investor transactions surged in the early days of the pandemic, but as interest rates and mortgage rates surged, investors retreated from their spree as borrowing costs and a stabilizing single-family rental market hindered profits.

But the investments could be paying off. In March, the typical investor home sale came at a 55.2 percent premium compared to the purchase price, up from 46.3 percent in March 2023. Only 5.3 percent of investor sales came at a loss in March. The rising cost of improvements, which are passed along to individual homebuyers, may help explain the increase.

Investors have been particularly active in hunting affordable, single-family homes. Purchases of single-family homes increased 3.9 percent annually in the first quarter, while townhouse, condo/co-op and multifamily sales all decreased. Single-family homes made up 68.9 percent of first-quarter investor purchaseForeign Investors: Welcome!

Foreign Investors: Welcome!

Boston Real Estate Technology

Technology makes it easier than ever to work with foreign Boston condo buyers and sellers. Sometimes I never meet get to meet the owners or buyers of the Boston condo for sale until the closing.

It is easy to stay in touch and to let the Boston condo owners know how often buyers are viewing the property and what Boston real estate buyers are saying about it.

A couple of years ago I sold a home for someone who was living in Sweden. As long as we were both mindful of that we were a few time zones apart it worked out pretty well. We were able to get some repairs made to the home and I was able to sell it in just a few weeks.

Boston Real Estate Electronic Signatures

With electronic forms and signatures it is very easy for me to get contracts signed and when the seller has an offer we can go over it and it can be signed without ever being printed.

Boston condo byers and sellers don’t have to be present for the closing. The money can be wired to the sellers bank account.