Local Global Council Established for Guidance to International Real Estate Clientele
Submitted: Baldwin County Association of Realtors
Foreign buyers continue to see the U.S. real estate market as a secure and safe investment as Realtors® are experiencing an increase in the number of international clients over the past five years, according to a report from the National Association of Realtors®. In Alabama, the southwest region in particular, is seeing an influx of both residential and commercial sales from outside the U.S. due to international companies landing close by.
"Alabama has been a strong player in the international commercial arena for some time now,” said Frank Malone, broker of Bellator Real Estate and Development in Gulf Shores, and chair of the Baldwin County Association of Realtors’® (BCAR) Gulf Coast Global Council.
The National Association of Realtors® (NAR) 2018 Commercial Real Estate International Business Trends report analyzed cross-border commercial real estate transactions made by Realtors®during 2017.
Of the 59 percent of Realtors® who indicated they completed a commercial real estate transaction last year, 18 percent reported closing a deal for an international client. Realtors®have the expertise and knowledge of working with clients from different countries and real estate practices, so international buyers using a Realtor®can rely on their global market perspective.
While many Realtors® deal with the commercial aspect of buying or selling for an international client, our county seems to see more of residential sales and investment properties.
With the large companies such as Austal and Airbus making south Alabama home, Baldwin County has seen some residual effects from global commercial suppliers.
"And with this global investment also comes international buyers for residential properties,” Malone explained. "As the many global companies move to Alabama, the employees soon learn of the vacation properties in Baldwin County, and we have seen an increase in these investors.”
The NAR study found that most Realtors® who specialize in commercial real estate reside in smaller commercial markets where the typical deal is less than $2.5 million. Foreign investors are attracted to smaller-sized properties in secondary and tertiary markets, helping the profile of smaller commercial markets grow. Also, 70 percent of Realtors®reported that international clients view U.S. prices to be about the same or less expensive than prices in their home country.
The top countries of origin for buyers were China (20 percent), Mexico (11 percent), Canada (8 percent) and the United Kingdom (6 percent). While sellers were typically from Mexico (20 percent), China (15 percent), and Brazil and Israel (both at 10 percent).
Florida and Texas were the top two states where foreigners purchased and sold commercial property last year, with California being the third most popular buyer and seller destination.
Foreign buyers of commercial property typically bring more cash to the table than those purchasing residential real estate. Seventy percent of international transactions were closed with cash, while NAR's 2017 residential survey found that half of buyers paid in cash.
When international buyers come to the U.S., there’s not a set place to look for local resources or someone to assist with a foreign transaction. This is where BCAR’s Gulf Coast Global Council (GCGC) comes into play.
The mission of GCGC is to not only be the liaison for the international community and those who can serve them, but to also compile a list of resources (attorneys, title companies, local groups, etc.) to give to foreign nationals that can assist them with the purchasing process, becoming acquainted with the area, and more.
According to a survey sent to BCAR members in June, 38 percent of members who responded had an international transaction in the last five years. Over 20 countries were represented in those transactions.
BCAR’s global council hopes to continue to gain momentum and become a primary resource for those not only buying or selling property, but for any foreign nationals that already live in the U.S. The group is starting to build a database for professionals in the fields that work with foreign nationals, or those who may want to buy or sell internationally.
This is the first step of many to position Baldwin County as a place to invest and live for our international businesses.
For more information regarding the Gulf Coast Global Council, email firstname.lastname@example.org.
The Baldwin County Association of REALTORS® (BCAR) is a professional trade association supporting the success and advancement of over 2,000 REALTORS®® in the Baldwin County area. BCAR supports members through professional education, peer networking, and MLS services. We work for the protection of private property ownership and promote the work of our members in the local community. REALTORS® are held to a high standard of conduct by their peers and the National Association of REALTORS® code of ethics.
- JAN. 2021 - Public Meeting Announced for Special Education
- JAN. 2021 - Alabama Department of Public Health Scheduled to Conduct COVID-19 Vaccination Clinics in Baldwin County
- JAN. 2021 - U.S. Department of Labor Reminds Specific Employers to Submit Required 2020 Injury and Illness Data by March 2, 2021
- DEC. 2020 - Jennifer Claire Moore Foundation: Youth Mental Health First Aid Upcoming Training December 14th
- NOV. 2020 - SBA Economic Injury Disaster Loans Available in Alabama Following Secretary of Agriculture Disaster Declaration
- NOV. 2020 - SBA Deadline for Alabama Private Nonprofit Organizations to Apply for Physical Damage Disaster Loans is Dec. 8
- NOV. 2020 - General Election Amendments Breakdown
- OCT. 2020 - SBA Disaster Loans Available to Alabama Private Non-Profit Organizations Affected by Hurricane Sally
- OCT. 2020 - Alabama Road Trips
- OCT. 2020 - Note From the President, Casey Williams
- SEP. 2020 - Eastern Shore Chamber Announces New Dates for Mayoral Runoff Debates in Daphne and Spanish Fort
- SEP. 2020 - Hurricane Resource Guide
- SEP. 2020 - Prodisee Pantry to Hold Mass Emergency Food Distribution Tomorrow in Response to Hurricane Sally
- AUG. 2020 - BALDWIN TOGETHER - Cooperative Partnerships Working Together Supporting Baldwin County Residents Impacted by COVID-19
- AUG. 2020 - Your Employee is in Jail SCAM Happening Locally
- AUG. 2020 - New Car Tag to Support Alabama Small Business
- AUG. 2020 - Fairhope Walking School Bus Idling Until Sept. 1
- JUL. 2020 - CAP Releases RFP for Eco-Tourism
- JUL. 2020 - Baldwin County Probate Office Update
- JUL. 2020 - Public Notice Regarding Mandatory Mask Requirement for Circuit Courts in Baldwin County Courts
- JUL. 2020 - Jubilee Festival of Arts Unveils 2020 Festival Poster Artwork by Local Artist Ricky Trione
- JUL. 2020 - Eastern Shore Chamber of Commerce Launches New Tourism Website to Boost Exposure for Local Small Businesses
- JUN. 2020 - Prodisee Pantry Asking Families Seeking Food Tomorrow to Pre-plan Route and Extra Time DUE TO TRAFFIC & ROAD CLOSURES
- JUN. 2020 - Former Fortune 100 Business Leader John Manelos Announces Bid to Become Next Mayor of Fairhope, AL
- JUN. 2020 - Legends in Concert to ReOpen at OWA
- JUN. 2020 - BB&T/Truist PPP by the Numbers
- JUN. 2020 - SBA and Treasury Announce New EZ and Revised Full Forgiveness Applications for the Paycheck Protection Program
- JUN. 2020 - Baldwin County's May 2020 Housing Report
- MAY. 2020 - 2020 Legislative Session Recap
- MAY. 2020 - COVID-19 Emergency Relief: Guidelines for Payment of Outstanding Sales and Lodgings Tax Liability
- MAY. 2020 - SERVPRO Cleaning Specialist in Daphne Recommends Four Key Things to Look for as Businesses Reopen
- MAY. 2020 - Local Businesses Partner with Eastern Shore Chamber & Coastal Alabama Community College to Launch New IT Apprenticeship
- MAY. 2020 - Gov. Kay Ivey Amends Safer at Home Order
- APR. 2020 - Calling All Helping Hands
- APR. 2020 - Infirmary Health Launches Convalescent Plasma Donation Program to Treat Sickest COVID-19 Patients
- APR. 2020 - Local Nonprofits Need Our Help
- APR. 2020 - Guidelines: Opening Up America Again
- APR. 2020 - SAWDC Region 07 Job and Training Opportunities
- APR. 2020 - Baldwin County Covid-19 Impact Report
- APR. 2020 - Free Facebook Training During Lockdown
- APR. 2020 - Prodisee Pantry announces changes to Mass Emergency Food Distribution due to Highway 31 road construction
- APR. 2020 - PPP & EIDL Updates
- APR. 2020 - Bridge the Gap Bama
- APR. 2020 - How is COVD-19 Affecting Your Workforce
- APR. 2020 - Maritime Executive Named Director and Chief Executive of the Alabama State Port Authority
- APR. 2020 - PPE Resources For Businesses
- APR. 2020 - Costal Alabama Community College Division of Workforce Development launches online custom built industry curriculum to upskill workers amongst the COVID crisis.
- APR. 2020 - With $349 Billion in Emergency Small Business Capital Cleared, SBA and Treasury Begin Unprecedented Public-Private Mobilization Effort to Distribute Funds
- MAR. 2020 - Breaking Down the SBA Loan For Small Businesses
- MAR. 2020 - Diagnostic and Medical Clinic evaluating all symptomatic persons beginning Monday, March 30
- MAR. 2020 - Emergency Food Distribution at Prodisee Pantry
- MAR. 2020 - Alabama’s 20 Safest Cities of 2020
- MAR. 2020 - Baldwin County Residents Can Receive GED and Occupational Skills Training Online Through Coastal Alabama
- MAR. 2020 - News Release: USA Health Children’s & Women’s Hospital Forms New Partnership to Teach Community Classes
- MAR. 2020 - Remote Access and Best Practices
- MAR. 2020 - Coronavirus (COVID-19) Resources
- MAR. 2020 - 2020 Census to Make Big Difference for Alabama
- MAR. 2020 - Elsa Engeriser Named National Merit Finalist
- NOV. 2019 - Daphne High School to Host Career Fair
- OCT. 2019 - Eastern Shore Chamber of Commerce Workforce Development Director Graduates from U.S. Chamber Foundation Education & Workforce Fellowship Program
- SEP. 2019 - STATE EDUCATION DEPARTMENT ENCOURAGING ALL ALABAMIANS TO TAKE 10 MINUTES AND PARTICIPATE IN THE “TAKE 10 FOR PUBLIC EDUCATION” SURVEY
- JUL. 2019 - Eastern Shore Chamber Unveils the Featured Artwork for the 31st Annual Jubilee Festival of Arts
- JUL. 2019 - Eastern Shore Chamber of Commerce Sponsored Local High School Student to Participate in Economic and Community Development Program at Huntingdon College
- APR. 2019 - Baldwin County Named an ACT Work Ready Community
- MAR. 2019 - 2U Tire Named April Small Business of the Month
- JAN. 2019 - 2019 Baldwin County Career & Job Fair
- NOV. 2018 - 2018 Annual Award Nominations
- NOV. 2018 - City of Fairhope Holds Visual Preference Survey Process to Gather Feedback for Future Development
- NOV. 2018 - Hatch Fairhope Announces Grand Opening
- OCT. 2018 - YOUTH LEADERSHIP BLOG: History & Geography Day
- SEP. 2018 - Alliance Publishing Group Named Eastern Shore Chamber of Commerce Small Business of the Month
- JUL. 2018 - Eastern Shore Chamber Unveils the Featured Artwork for the 30th Annual Jubilee Festival of Arts
- JUN. 2018 - Eastern Shore Chamber of Commerce Wins Communications Excellence Award for Eastern Shore Elf Campaign
- JUN. 2018 - Eastern Shore Chamber of Commerce Publishes Updated Election Guide for Primary Runoff Races
- MAY. 2018 - 2018 Primary Election Guide
- MAY. 2018 - Old Tyme Feed: May Small Business of the Month
- MAR. 2018 - 2018 Annual Award Winners
- JAN. 2018 - A New Year: Where We've Been & Where We're Going
- SEP. 2017 - The Eastern Shore Chamber of Commerce Parts Ways with the Fairhope Arts & Crafts Festival Foundation
- DEC. 2016 - Fairhope Music Opens New Location
- DEC. 2016 - Brandy Rhodes Coaching Now Open in Fairhope
- NOV. 2016 - Congressman Bradley Byrne Addresses Business Community Following the Presidential Election
- SEP. 2016 - Chamber to Offer Leadership Workshop for Members
- SEP. 2016 - Chamber Young Professionals to Host a Cornhole Tournament to Benefit the Spanish Fort Public Library
- JUL. 2016 - The Eastern Shore Guide to the 4th of July
- MAY. 2016 - May Newsletter
- APR. 2016 - Fairhope Resident Named SCORE Mentor of the Year
- APR. 2016 - The April 2016 Newsletter
- MAR. 2016 - Ribbon Cut for AltaWorx
- MAR. 2016 - Spring 2016 Youth Leadership Applications
- FEB. 2016 - Baldwin County Economic Development Alliance and Baldwin County Chambers of Commerce Host 16th Annual Job Fair
- FEB. 2016 - Specialized Therapy Services Opens in Fairhope
- FEB. 2016 - ESCoC Governmental Affairs Survey Results
- SEP. 2015 - Joe Hudson’s Collision Center
- SEP. 2015 - BenchMark Physical Therapy
- SEP. 2015 - Sage Lebanese Cuisine & Café
- SEP. 2015 - Shux on the Pier
- SEP. 2015 - Tourism Executive Of The Year Award
- SEP. 2015 - The 27th Anniversary Jubilee Festival
- SEP. 2015 - Youth Leadership 14th Annual Seven-Month Program
- JUL. 2015 - January 2015 Morning Marketing Release
- APR. 2015 - Eastern Shore Magazine 2015
- FEB. 2015 - EASTERN SHORE CHAMBER EGGS N’ ISSUES
- SEP. 2014 - EASTERN SHORE CHAMBER HONORS ENVIRONMENTAL AWARD WINNER Tree Planted at Christ the King School
- SEP. 2014 - Eastern Shore Chamber of Commerce Youth Leadership Program Applications Available - Forty Students to be Selected to Participate in Class of 2015
- SEP. 2014 - EASTERN SHORE CHAMBER EGGS N’ ISSUES June 10 TOPIC: “Economic Update for Baldwin County”
- SEP. 2014 - EASTERN SHORE CHAMBER TO HOLD CANDIDATES FORUM - For Baldwin County Commissioner Candidates
- Jun. 2014 - Eggs n' Issues
- Apr. 2014 - Candidates Forum
- Apr. 2014 - Eggs n' Issues
- Apr. 2014 - Celebrate the Arts
- Mar. 2014 - Eggs n' Issues
- Mar. 2014 - 30th Prayer Breakfast
- Mar. 2014 - Leadership Applications
- Mar. 2014 - Council Lucheon
- Feb. 2014 - Update on I-10 Bridge
- Jan. 2014 - Update on I-10 Bridge
- Nov. 2013 - Eggs N' Issues - Onespot
- Oct. 2013 - Student Art Competition
- Oct. 2013 - E.S.C. Seeks Local Artists
- Oct. 2013 - Candidate Forum Release
- Oct. 2013 - What's Going On in AL Legislature
- Jul.2013 - Mardi Gras Schedule - 2014