Vancouver skyline

Tips When Selling to Asian Real Estate Buyers

Remember that Asia is a huge market and respecting the intricacies of business relationships with foreign clients can be difficult, but do not let it hinder you.

As more Asians look for real estate investments in Canada it has become important to appeal to their property requirements while attracting a good deal.

The volatility in the Chinese economy and stock market along with the benefits of the low loonie makes Canada an attractive place for Chinese buyers as they see the real estate market here as a stable investment.

Further, the Chinese aren’t the only Asians interested in buying property in Canada as many investors from Singapore, Taiwan and Hong Kong are heading here to make real estate investments.

High returns from property investments and a strong economy is making Canada a good bet for investments, As more Asians are considering Canada a safe investment in their uncertain economic times, there are also other factors leading to these investments that are not purely financial.

Personal property laws are also a reason for the continued real estate interest from Asians apart from the strong cultural diversity.

While it may seem like there are many interested buyers, getting a good deal on a property is a lot easier if you know how to appeal to these buyers. While Asians are different from Canadians in many ways there can be good ways to make the whole process a lot easier for both the buyers and the seller.

Get an 800 number and try it FREE for 30 days!

Especially with more traditional customers, an important thing to remember is the importance of superstitious and omens. This is especially true when buying property since they give importance to feng shui, which governs spatial arrangement and orientation in relation to the flow of energy in buildings.

READ  Common Plumbing Problems, and When to Call the Experts

Asian buyers will usually check the basic feng shui of a house themselves or may get it checked by an expert. Your personal views about the concept are immaterial as you should be sensitive about the buyer’s preferences. Buyers pay attention to the direction the main door of the house faces and the positioning of the staircase, the address number is also an important factor in their property selection as some numbers are considered luckier than others. Hiring a feng shui expert to certify the house could mean more bids on the house.

Even a simple act of handing over your business card to an Asian buyer can be significant. Use both your hands to hand over the card and similarly receive a card handed to your with both your hands. Asians respect and value their traditions, and while they do understand that it is not possible for others to know everything, it can make a big a big difference in the business relationship if you make an effort to respect their culture.

See also: Vancouver’s High-End Furniture Business Benefits From Real Estate Boom

This is also especially important when it comes to eating out and choosing food. Food is an important part of doing business in Asia. While eating out at a restaurant you pick is totally acceptable don’t hesitate to ask for their preference of cuisine. Also, don’t make comments about how certain dishes are very unusual, they probably grew up eating it and could easily get offended.

While language is now no longer a huge issue, it can be a great advantage to have someone who can speak the language of the buyer as some buyers may have issues communicating in English.

READ  Barrie Real Estate Information

Remember that Asia is a huge market and respecting the intricacies of business relationships with foreign clients can be difficult, but do not let it hinder you.