A dangerous trend is affecting real estate brokers all over the world….look down at your feet because you are at the epicenter of a global shift. You are at the forefront of a global revolution in real estate.
Markets are being disrupted by a flood of Chinese cash in Australia, New Zealand, Singapore, Malaysia, Thailand, The Philippines, Spain, Portugal, Cyprus, the UK, Italy, France, the US, Canada and Detroit… what Detroit?!? But most brokers have not been invited to the party and are forced to watch the game from the sidelines… what?!?
Why are Chinese buying abroad and why should you care?
…until recently Chinese have been unable to travel abroad… much less buy
…are fresh… first time buyers abroad…
…are cashed up…
..are young. The average age of millionaires is 39… Source: 2013 Hurun Report
…are buying in huge numbers: 60% are buying property overseas.. Source: 2013 Hurun Report
…buy house for kids. 85% plan to send their children abroad to study.. Source: 2013 Hurun Report
…spend twice as much on a house, on average, investing in the US ($425,000 average for Chinese vs. $218,000)… Source: National Association of REALTORS® (NAR)
…70% of Chinese buy in cash… Source: National Association of REALTORS® (NAR)
So great ! right? Easy. But why are few realtors saying things like…..
“Chinese buyers are like unicorns. I’ve heard of them but never seen them!”
“Or I had a Chinese buyer before. I drove him around for 3 days and then he disappeared and didn’t even answer my calls!”
“How do I say square meters in Chinese!?! Wait..I can’t speak a word of Chinese!”
“I’m afraid I would offend them. Aren’t the cultures so different?”
If there is massive demand, piles of cash, buyers galore, why aren’t we seeing more success stories amongst regular realtors? What stops otherwise successful brokers from reaching out to Chinese? Don’t I need to speak Chinese to sell to Chinese? hint.. no. lol But seriously, why don’t you yourself have a clientele of Chinese buyers?
What is the problem…….
If you are still reading I guess you are independent: thinking of trends for the future and looking for high-impact strategies that will set you up for success in the decades ahead. You know that the world is changing at an unprecedented rate: That we stand at a crossroads. And you are ready to do whatever it takes to succeed..
You might feel at a loss of where to start….or even if you should bother. Or maybe you think it will happen naturally. Buyers will appear and you will sell properties just like you always do. But that has not been our experience. Brokers without deep understanding and preparation simply never get off the ground. Chinese buyers simply are different. And you need to know those differences in general but you also need to know how they see your specific area. Which listings are attractive? Why? What type of story or history of your area will catch their attention?
I hate to say it but some agents are hoping they will suddenly be visited by the Santa Claus or Tooth Fairy of Chinese referrals. I’m half joking but this is the best way I can describe some of the emails I get. The best I can figure is that they imagine that somewhere, far off, there is a bank vault of Chinese clients lined up, their investment criteria well defined, they have money burning a hole in their pocket AND they want to buy in their area! There are 19,355 cities in the US alone, how many names would be on that list? How quickly would that list get out of date? Ahh… a magic buyer from abroad… no work necessary…I wish I had that too 🙂
There might not be a magic pill but I can definitely help you to sell properties to Chinese and you won’t have to…
…throw advertising money at dodgy websites that produce zero return
…fall victim to every scammer, “translator” or assistant
..waste thousands of dollars on events and not get a single real lead…
…squander valuable time trying to learn Mandarin Chinese (hint, I did it but it’s definitely not necessary to sell)
…or worse yet, let the opportunity of a lifetime pass you by…
To outsiders, it’s like a secret, nearly-unsolvable puzzle. But this puzzle is solved, step-by-step, in The China Cash Buyers Course.
If this is what you want….then read on because I’ve taught many others just like you, all over the world, starting from scratch, how to build a business selling to Chinese buyers. If you’re not careful, it might even broaden your perspectives, fill you with passion and even change your entire life.. 🙂
This is not a general “foreign investor” course full of the legalities of this and that. This is a practical course with hundreds of simple tips, tactics and strategies you can implement immediately and built on my and my team’s decades of experience selling real estate to Chinese people both inside and outside of China.
You will learn how to:
… avoid cultural pitfalls..
…recognize the subtle hints the buyer is giving…
..avoid lookie loos and time wasters…
…write listings that command the attention of Chinese buyers…
…establish rapport with Chinese parents sending their children abroad for education…
…build a monster-sized clientele of Chinese cash buyers using THEIR network of referrals…
… make yourself the go-to agent for Chinese immigrating to your area…
…sell a ton of houses and grab the brass ring ! (it feels so good to dominate your competition and start cookin’ with gas..)
Here in Shanghai I see flocks of well-meaning agents traveling to China: showing their listings at trade shows in hopes of landing those big money sales they’ve been reading about back home. But they go home empty handed… Yes, most of these agents will never succeed in the Chinese market.
WHY NOT? How can we take previously unsuccessful agents and turn them into sales machines?