Chinese homebuyers: the good, the bad and the ugly

Here is what agents should know for better understanding and dealing with Chinese buyers, the biggest foreign buyers of the US real estate. The good is that Chinese buyers usually purchase more upscale properties with a much higher average purchase price of $831,800. And they are willing to take the time to move money and pay by cash. Once their money is ready, Chinese buyers could act very fast and purchase within 2 weeks. The bad is that Chinese clients could start to engage real estate agents long before they buy even when their money is not ready at all. The ugly is that Chinese people have the habit of using different agents at the same time, which is really a pain for agents. Inman has more.