It's June, which means ... gardening! To my fellow gardeners: May your hands be blessed with fertile soil, your days filled with the joy of watching life unfold, and your harvests bountiful! Keep nurturing those green dreams! |
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I can now assist you with sales, purchases, or rentals in Illinois, Wisconsin and Indiana. Looking for housing elsewhere in the U.S. or beyond? Contact us to learn more about Engel & Völkers' global network of Advisors. |
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| Currency Risk & How to Hedge When Buying Abroad |
Buying property overseas can be an exciting step toward a new lifestyle, investment opportunity, or future retirement plan. Yet many American buyers focus so heavily on the property itself that they overlook one of the largest variables in the transaction: currency exchange rates.
When purchasing international real estate, your home may be priced in euros, pounds, pesos, or another local currency. Between the time you make an offer and the day you transfer funds, exchange rates can move significantly. Those fluctuations can increase—or decrease—the actual cost of your purchase in U.S. dollars. Why Currency Risk Matters
Imagine an American buyer agrees to purchase a €500,000 property in Spain. At the time of the offer, the exchange rate is 1 euro = $1.08, making the property cost approximately $540,000. If the euro strengthens to $1.15 before closing, the same property now costs $575,000. The buyer has effectively paid an additional $35,000 without any change in the property's value.
While exchange rates can move in your favor, relying on good luck is rarely a sound financial strategy—especially when dealing with one of the largest purchases of your life. |
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We've sold our two Evanston flips, and are actively looking for the next one!
Working on two projects simultaneously — including our largest ever, a townhouse that required a full gut rehab — was quite the experience. But the team came through it with flying colors, and as always learned important lessons. Read more at Booker Builds. |
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Offered at $489,000
600 Kingsbury, Unit 906
Chicago, IL 60654 An exceptional investment opportunity in the heart of River North, Spacious 2-bedroom, 2-bath home. Rental rate of $4150/month, leased through June 30, 2027. |
Offered at $99,900 23901 W Grass Lake Road
Antioch, IL Land, no flood, zoned for residential building. |
Did you miss last month's newsletter? |
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Engel & Völkers - Chicago North Shore
566 Chestnut Street 2nd Floor I Winnetka I IL 60093 224-420-0040 - Ellis 847.418.7318 - Erin erin.booker@evrealestate.com I erinbooker.evrealestate.com |
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