Texas was the third most popular state for international commercial buyers who worked with REALTORS®, according to a survey by the National Association of REALTORS®. Texas garnered 11% of those buyers in the U.S., ranking behind Florida (20%) and Illinois (13%) but ahead of California (9%).
Nationwide, just over half of international buyers paid cash, while one third used financing from a U.S. source.
Top Referral Sources for International Commercial Buyers
- Personal contact: 31%
- Former client: 13%
- Referred by previous client:12%
- Referred by business contact in the U.S.: 12%
3 Biggest Reasons International Buyers Did Not Purchase Commercial Property in the U.S.
- Couldn’t find a property: 31%
- Cost of property: 29%
- Difficulty moving money from home country: 22%