Kevin Schmidtchen

Berkshire Hathaway
Home Services
1255 Coast Village
Suite 102B
Montecito, CA 93108
Phone or Text

(805) 689-6877

Foreign Buyers & Sellers

Will The Strengthening Dollar Scare Foreign Nationals Away from Santa Barbara and Montecito Real Estate?

Santa Barbara Real Estate Voice Now is a good time to take a trip to Europe if you have US dollars. The US dollar is not just the strongest it has been against the Euro in years...but the strongest by far.  The Euro and other currencies have lost roughly 30% of their buying power just in the last 9 months.  With all the uncertainty with politics in such areas as Ukraine, Greece etc., as well as the strengthening of the US economy...this might be a change that stays for the near future... If so, what does this... Continue Reading >

The 5 Highest Priced Real Estate Sales in Santa Barbara for 2013

Santa Barbara Real Estate Voice 2013 has come and gone, but not without some fairly significant sales here in the Santa Barbara area.  Each year it is interesting to look back at some of the major properties that were sold.  Most all of them always come through the MLS, but each year there are a few major private sales in our area as well.  For example, this year there was a sale in Montecito to a famous celebrity around the $26 million price point that was off market. I have gone ahead and listed below from... Continue Reading >

Are Foreign Nationals Still Buying Santa Barbara CA Real Estate?

Santa Barbara Real Estate Voice With both the combination of declining real estate values over the last few years in the US and the rise of the Euro (and most all currencies) against the US Dollar, real estate in California beach communities was ripe with foreign buyers.  High end communities such as Santa Barbara CA with its' quality lifestyle and beautiful natural setting attracted many of these foreign nationals. Today though, the demand is not quite as high as it was in 2007 and 2008, but it nevertheless is still there.  The main reasons for... Continue Reading >

5 Great Reasons Foreign Nationals are Buying Real Estate in Santa Barbara, California

Santa Barbara Real Estate Voice As the world has truly become global in the last 15 years, the wealthy are looking overseas to not just vacation but to also purchase real estate in resort areas in the U.S., especially on the coastline of California.  In the last several years, I personally have been in contact with at least 10 international buyers. Savvy buyers are coming from Canada, Europe and beyond to take advantage of California's real estate investment opportunities. Why is this the case?... There are several main reasons that foreign investors find California real estate so appealing? Location, Location, Location - This... Continue Reading >

Tips for Canadians Looking to Buy Real Estate in California

Santa Barbara Real Estate Voice I have had several conversations with Canadians this last year that are dreaming of heading south to California and other states to both beat the cold and to invest in real estate.  The strong Canadian dollar (or should we say weak U.S. dollar) combined with a hurting housing market in the U.S. is providing Canadians with arguably as good of a time as any to buy real estate in the U.S. in the last 30 years. If you are looking to move, invest, or purchase a second home, you should first have a basic grasp of... Continue Reading >

The Weakening US Dollar is Allowing More Foreigners to Buy into the California Dream

Santa Barbara Real Estate Voice There is a new buying pool for the California Dream...especially in coastal resort towns such as Santa Barbara and Montecito.  As the market has slowed over the last 18 months and the US Dollar has weakened dramatically, California has become second to only Florida in terms of international purchases.  Many foreigners are looking for second homes and places to invest their money in less certain economic times.  The property type that seems most desired is: 1) High-end estates 2) Larger homes 3) Condominiums in upscale areas Santa Barbara and Montecito... Continue Reading >