In the US, property owners actually own the land, and they have property rights that are fairly well established and protected; in China, they can only lease the land from the government, which owns all land. In addition, Chinese buyers seek to have one foot in another country as an escape hatch, in case things go sour at home, such as a corruption purge going the wrong way. [from Wolfstreet.com]
Since the major banks brought the economy down in 2008 with mortgage-backed securities, and were given no more than a slap on the hand because they were thought to be "too big to fail"... not a day has gone by that independent realtors and RE brokers have not worked to get American citizens to sell homes that are fully paid off. The elderly have even been asked to do reverse mortgages to cannibalized their assets in the most shameful manner. Home owners are being offered a "quick cash offer,"a "guaranteed offer," an "instant offer" with sales pitches like the following: "You don't have to show your home, make a single update, or even make repairs. We will do it all for you!" Chinese investors have been the biggest investors of US real estate for the past SIX YEARS, not American citizens. This is why young people are having a near impossible buying homes in the area where they work; they are being out bid by foreign investors who are trying to park their money in the USA! Learn more link. Have you not noticed how many homes are now "Zillow owned" since 2008? Go to Zillow and look at the ads. You will be surprised. For US brokers, selling homes to the Chinese is BIG BUSINESS: https://wolfstreet.com/2019/07/18/us-home-purchases-by-chinese-other-foreigners-plunge-below-2012-level-chilling-chinese-reaction-from-juwei/ Under President Obama any foreign investor with $50K was allowed to snap up homes that were being foreclosed due to the banking industry's wheeling and dealings with mortgage-backed securities. This was supposed to "help the economy." Redfin states: " Anyone may buy and own property in the United States, regardless of citizenship." That's a shocking admission for those of us that yet believe in keeping America strong by keeping our treasure in the hands of bonafide American citizens: https://www.redfin.com/guides/buy-a-house-not-us-citizen
Make no mistake, the wheeler and dealer broker plans to resell your home to a buyer for a highest sales price, making a whopping profit as the middleman. The strategy used is to offer you 65% of the home's value, when you could get as high as 125%, if you simply took the time to prepare your home to sell FSBO and hired an attorney to handle the paperwork. The "opportunity investor" may not even make any updates to your home; they may simply advertise your home, which you could do by making a flyer in Word and video with Movie Maker, posting viewing dates online, and remaining objective when showing it! Listen and learn; if buyers hate the violet paint your put in the bedroom, repaint it. The cost of a few cans of paint and your elbow grease is minimal. If buyers say, "It's too small," it's not the right house for them. Don't spin your wheels trying to convince them to buy. Make certain you put the correct square footage on your ad; don't embellish or use wide angle lenses. If buyers say there is a "funky odor" in the home, make sure it smells of fresh baked cookies and not your pets. It goes without saying that your home should be devoid of personal items, like family photos. How can potential buyers imagine themselves in your home, when it is so clearly still yours? You may like your home cluttered with antiques in every corner, but you should remember that your buyers have been looking at home decor magazines and expect to find something of similar OPEN layout so they can visualize their own furniture in your former space. In one month, you can very easily prepare your home to sell and not lose 35% or more of its value, if you bite the bullet and do your punch list in advance. I've never understood why people would wait until just before closing to fix a host of known issues in their home, holding up paperwork.
Most people consider their home an investment and they want that investment to grow so they have something to give their children and their children's children--ie it's an inheritance. What adult child wants to inherit a home that is stuck in 1965 with original carpeting and flocked wallpaper? None that I know of. By making updates to your home, you not only improve your living conditions now, but your financial situation when you sell.
We encountered a young couple last week that wanted to take a more than evident storage area that was accessible only via a bathroom access panel 2 feet off the ground, and "transform it" into an office. Although we try to accommodate unusual requests, this is one we passed up. No person wants to walk past a toilet and shower stall to meet with you to do business. There are some things that just shouldn't be done.