Posts Tagged ‘Popular American destinations for Canadians’

And Hilton Head Loves Canadians 

 Hilton Head Island is among the most popular American destinations for Canadians, the largest group of foreign nationals who visit Hilton Head Island each year.  Canadians buy more real estate on Hilton Head Island than any other international buyers.  

This winter, Canadians are expected to visit Hilton Head Island in record numbers and enjoy our average winter temperature of 61 degrees.  (In Canada, the average temperature in winter is below zero degrees).  There are  other good reasons why Canadians like to vacation on Hilton Head Island in winter instead of Florida:

1. low prices for accommodations and golf
2. great golf all winter long
3. great shopping and dining
4. the beach, great for walking in winter
5. rest and relaxation
6. Southern hospitality is always good.
7. Canadians want to avoid issues of living and owning in Florida that Hilton Head Island does not have.  
8. Canadians know other Canadians who own property in Florida and want to move here now.
9. The term ‘half-back’ applies to many Canadians too, not just Americans who prefer a shorter trip south.  
10. The Royal Bank of Canada has a branch on Hilton Head Island. 

Royal Bank of Canada South Carolina Mortgage Manager Charlie Sides told the Go Gated Blog:  ” In 2009 and 2010 the largest segment of international buyers will come from Canada.   With the exchange rate at historical highs vs the dollar, Canadians believe that this is the time to buy”. 

Visitors to Hilton Head Island in winter enjoy off-season prices for accomodations and golf and an average winter temperature of 61 degrees.

In Canada, The Real Estate Buying Process Is Different

1. Canadians are more debt adverse than Americans.  They like smaller loans of shorter duration.
2. Americans take 3-5 weeks to close; in Canada it takes 3-5 days!
3. Americans are used to 2-3% in closings costs; Canadians typically pay 1-1.5%.
4. Americans rarely pay re-payment penalties; Canadians expect pre-payment penalties.
5. Adjustable mortgages are typically not converted to fixed rate mortgages or assumed in the US; in Canada they can be converted and assumed.
6. Americans are required to submit extensive documentation for loans; Canadians have comparatively simple documentation.
7. Canadians like full service.
8. Canadians don’t like to be sold.  They enjoy using trusted advisers and referrals. 

The Royal Bank of Canada on Hilton Head Island (RBC)

The Royal Bank of Canada on Hilton Head Island is located at the Sea Pines Circle on Pope Avenue, right across the street from Go Gated Realty.

• RBC is a Canadian Bank and an American subsidiary.  They see it as their job to facilitate lending.  RBC has a conduit that goes across the border.
• RBC is one of only two triple A banks operating in the United States today. 
• RBC has 10 branches in the State of South Carolina and 1 of these is on Hilton Head Island. 
• The RBC has a 33% market share and the most recognizable brand in Canada. 
• RBC is consistently voted as the best service company in Canada.  
• Canadians who visit Hilton Head Island have probably already banked with RBC in Canada. 

The Royal Bank of Canada on Hilton Head Island Helps Canadians feel good about buying property here.

• Canadians know that they can secure finance when they come to
• Hilton Head Island. 
• Canadians can use their Canadian credit reports
• The RBC is familiar  with doing business with Canadians
• Provide a referral to lawyers as needed who are familiar with Canadian tax issues. 
• Provide an easy foreign exchange for Canadians on Hilton Head Island.

Richard Kadesch, Your Trusted  Real Estate Advisor On Hilton Head Island

Whether Canadian or American, you want outstanding service from an experienced agent who listens to your needs and has advice that you can rely on.  Please consider me as your trusted real estate advisor here on Hilton Head Island with 34 years of real estate experience and many satisfied clients.   My office, Go Gated Realty is located at the Sea Pines Circle on Hilton Head Island, directly across the street from the Royal Bank of Canada.  Please stop by when you are here this winter.  Even before you visit, please email or call to discuss your real estate needs.   My cell phone is 843-684-2933.

Richard Kadesch, Owner and Broker-in-Charge The Gated Community Specialist ® Go Gated Realty ® Hilton Head Island, South Carolina Rich@gogated.com www.GoGated.com 1-800-333-5025 Read Some of My Clients’ Success Stories