Written by:How to Sell Your House to Chinese Buyers
The Chinese make up the fastest-growing market of foreign buyers of U.S. homes, according to Juwai.com, a Chinese website for global luxury real estate. "We're huge believers in China," says Mauricio Umansky, CEO of TheAgencyRE.com, a Los Angeles real estate company that caters to foreign buyers. "Anybody not reaching out to the Chinese is losing out on an amazing opportunity." Umansky tells ABC News that in the Los Angeles area alone he closed 40 sales with Chinese buyers in the past year, up from 15 the year before.
VANESSA MALLOYWhy does the US let Chinese citizens buy real estate in America when Americans can't do the same in China?
The Chinese have about a trillion US dollars, but in the interests of "national security" there's no way the Chinese government would let Americans borrow billions of yuan. It seems to me that Trump is right: We ARE getting shafted by the Chinese! We need to have deal-making based on equanimity