Publication:  Fox Business News

Summary:  Fox Business News writes about how foreigners, who are taking advantage of attractive prices and exchange rates, can buy property in the U.S.  The steps mentioned include getting a team together, getting a mortgage, lending costs, insurance and property taxes.

Wei Min’s comments in article:  

Real estate agent Wei Min Tan says he usually travels to Asia and Europe to meet with potential buyers.  Tan is a broker at Castle Avenue Partners, which is part of Manhattan-based Rutenberg Realty.  He represents buyers from various parts of the world, including Singapore, Hong Kong, Australia and the United Kingdom.

“Most of them get to me through word of mouth, referrals, Google,” he says. “They want someone to guide them, someone who can identify a good deal and negotiate price. They worry about who is going to take care of everything for them.”

Like Tan, most of the agents who represent foreign buyers know attorneys, loan officers and accountants to help the buyers through the process.

Wei Min’s Foreign Buyer Guide to Investing in Manhattan Property