Category Archives: North Salem

Grow your international business with multilingual content | North Salem Realtor

Janet ChoynowskiJanet Choynowski

Sales of U.S. property to international buyers are heating up. According to the National Association of Realtors, international sales were up 24 percent last year, representing 9 percent of the total residential market.

NAR’s member surveys show that in the 12-month period ending in March 2012, international buyers bought U.S. property valued at more than $82 billion, generating about $5 billion in real estate commissions.

NAR defines international buyers as not only those who live outside of the U.S., but also recent immigrants and temporary visa holders.

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If international buyers perform a search for houses for sale in your city, does your website show up in their search results?

The chances are that your website is not being suggested to valuable international prospects unless you have taken steps to ensure that it can be indexed in other languages.

The reason is simple. Search engines are programmed to predict what their users want. That’s why when you perform a search in English, your search engine “knows” you expect to see results in English and that is what you get. The same is true for other languages.

Now here’s the catch: According to one estimate, about 72 percent of all people with Internet access speak a language other than English.

Because many people speak more than one language, it’s hard to say exactly what percentage of searches are conducted in a language other than English.

But across the globe, viewers get results that are relevant to them by using the approximately 165 international “Googles” and countless other regional search engines programmed to understand the habits and expectations of their own local users.

You can get a good feel for what a Brazilian prospect searching houses for sale in your market will encounter by performing this search: Visit www.Google.com.br and paste: “venda de casas em your city” into the search box to see which websites are included in the search results. You will find, no surprise, that the top search results are all websites with content in Brazilian Portuguese.

Buyers from Mexico were responsible for 8 percent of the international investment in U.S. residential property over the past year. A search on www.Google.com.mx for “Casas en venta en your city” will reveal who is most visible to prospects searching your area for houses for sale.

Chinese nationals made 11 percent of the 85 billion dollars in total international investment last year. A resident of China would likely visit www.Baidu.com to perform a search for ” your city 房产” to research your local real estate market. The search and results will be in Chinese of course.

Unless you already have some content in these languages, your website was probably not in any of the results above.

These search engines are programmed to deliver results in other languages and your English website is no more relevant to them than a page in Chinese is to Google.com.

There are two simple things you can do to start to improve your global visibility and increase the probability of attracting international prospects.

For a low tech and low cost solution, ask bilingual or multilingual associates or coworkers to write a few paragraphs about your local market in their own languages. Add this content to your website with links up at the top so search engines can easily index it. This content should actually be on a page within your website, not just linked from another site.

Write a blog in other languages if you can or hire someone to write the blog for you. Include hyperlinks from keywords in your blog post such as the translated phrases for “real estate for sale in your city” or “houses for sale in your city” linking back to relevant content on your website.

These small steps will allow international search engines to index your website and suggest it when an international prospect looks for real estate in your area.

Please do not add machine translation tools to your website in an effort to gain visibility, though.

This is what Google has to say: “We recommend that you do not allow automated translations to get indexed. Automated translations don’t always make sense and they could potentially be viewed as spam.”

Utilizing good-quality content in other languages can help you move your website to first-page results in the languages of your choice. After all, who knows where your next client might come from?

Using home inspection report as negotiation tool | Mt Kisco NY Real Estate

We are buying a house. The home inspection is scheduled for next week, but we’re not sure what to do once we get the report. Is the inspection report just for our information or can we use it to negotiate with the sellers? Can we walk away from the deal if we don’t like the report or are we obligated to go ahead with the purchase? What can you tell us about this? –Alan

DEAR ALAN: A home inspection empowers you with essential options as a buyer, but with some limitations. In the majority of home sales, the deal is contingent upon the buyers’ acceptance of the home inspection report. This means that you, as buyer, have a specified number of days to accept or decline the property in “as is” condition. If you decline acceptance, you have four basic choices:

1) Ask the sellers to make a few repairs.
2) Ask the sellers to make many repairs.
2) Ask the sellers to reduce the sales price.
3) Decline to purchase the property.

If you request repairs or a price adjustment, based upon the home inspection report, the sellers also have choices.

Is Your Housing Market Booming, Rebounding, Humming, or Struggling? | Pound Ridge Real Estate

Trulia‘s Chief Economist discuss how price trends, combined with the measures of fundamental market health show which metros are booming, rebounding, humming, or struggling.  

The Trulia Price Monitor and the Trulia Rent Monitor are the earliest leading indicators of how asking prices and rents are trending nationally and locally. They adjust for the changing mix of listed homes and therefore show what’s really happening to asking prices and rents. Because asking prices lead sales prices by approximately two or more months, the Monitors reveal trends before other price indexes do. With that, here’s the scoop on where prices and rents are headed.

Asking Prices Rise a Record 0.9% Month-over-Month Nationally
In January, asking prices rose 0.9% month-over-month, seasonally adjusted — the highest monthly gain since the price recovery began. Year-over-year, asking prices rose 5.9%; excluding foreclosures, asking prices rose 6.5%. Quarter-over-quarter prices rose 2.2%, seasonally adjusted. Prices typically fall in the wintertime, but asking prices still rose slightly (0.3%) quarter-over-quarter even without seasonal adjustment, indicating the strength of the price recovery. Asking prices were up year-over-year in 86 of the 100 largest metros.