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- According to NAR’s 2011 Profile of International Home Buying Activity, fifty-five percent of Realtors® with international clients indicated that at least one client did not a purchase property.
- Financing problems appeared to be the major reason by international clients for not purchasing property: problems associated with verifying credit worthiness and problems with international transfers of funds were major issues with negative impacts on financing.
- “Could not find a property” accounted for 31 percent of failed transactions and may have indicated buyer problems in understanding the differences between U.S. and foreign cultures and business conditions.
- Realtors® may find that some of NAR’s information on cross cultural real estate transactions may be of help in facilitating purchases.
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