Despite the end to the frenzied pace of speculative real estate purchases, buyers from all over the world continue to snatch up properties thousands of miles from home often without setting foot on the property. Today’s buyer is motivated by the desire to use and enjoy the property they are acquiring and is taking full advantage of the undervalued United States Dollar and high inventory levels.

Earlier this week, I learned how a top agent with Sudler Sotheby’s International Realty is headed to Hong Kong to market the new super posh Shangri-La Chicago www.waterviewtower.com to attendees of the fall Sotheby’s auction event next weekend http://www.sothebys.com.

In Sarasota, our international specialist Fernando Viteri is busy handling leads coming from Europe. Fernando speaks fluent German, Spanish and Italian and is having a field day dialoging with international customers who want to take advantage of the buyers market in Southwest Florida.