Oakland, California (EastBayDaily) — The Grubb Company, the leading East Bay Area residential real estate brokerage company, has strengthened its connections with Chinese property buyers looking for upscale homes in the San Francisco Bay Area. Through its membership with Luxury Portfolio International®, The Grubb Company now lists its residential properties on China’s largest international property website, Juwai.com.
Chinese property buyers from China, Hong Kong and Taiwan spent over $22 billion in U.S. properties from March 2013 to March 2014 (up 72 percent from the year prior); and San Francisco is one of their top-three destinations for real estate purchases. The majority of buyers appear to be motivated by lifestyle and good schooling for their children. Typically these upper middle class and wealthier buyers are spending from $700,000 to over $5 million for homes.
Juwai.com, which was launched in 2011, enables affiliated foreign property agents to reach these buyers more easily. Agents from around the world can upload their listings, with photos, to the website in their native language. Juwai.com then translates the listings into traditional Chinese for its Chinese consumers. By making listings more accessible to the growing Chinese market, The Grubb Company is able to significantly broaden the source of buyers for its Bay Area home sellers.
Luxury Portfolio International®, which has a partnership with Juwai, is a division of Leading Real Estate Companies of the World®. This “by-invitation” global network of select independent residential real estate firms is responsible for more transactions each year than any other real estate network.
About the company: The Grubb Co Realtors is a full-service real estate firm, offering their clients a smooth and professional real estate experience. With more than 44 years in the business, The Grubb Company knows that a high level of service ensures the satisfaction of their clients. They have a foundation of discipline, accountability and teamwork that sets them apart from other real estate firms in the area. The Grubb Company is committed to providing their clients with the best agents, the best service and the best houses around. To learn more, visit their website at http://www.grubbco.com/.