Interview with Deb Penny of JC Penny Realty, LLC

Interview with Deb Penny of JC Penny Realty, LLC

Back to News Hub

In this interview with Deb Penny, one of our most successful property partners, we asked a few questions about navigating the foreign exchange market as a property buyer and how our partners are able to help

What do you think your clients who are buying in the USA for the first time find the most challenging? 

Knowing who to trust. When buying in the USA, a buyer is mostly likely working with a real estate agent, being introduced to a property management company and establishing a relationship with a tax accountant (and possibly a builder for new construction), all of whom have different opinions and approaches to the concept of owning in the USA.  However, we have international buyers who have bought multiple homes with success and we know the system works. Sometimes the courage to actually make the commitment just isn't there, and understandably so.  

Is exchange rate fluctuation an issue during the buying process? 

YES! We know that even a few cents on the dollar represents thousands of dollars in purchasing power for our international buyers and sellers. A fluctuation can significantly change the selling price of UK seller to a US buyer who is not affected by exchange rates. Extreme upswings are as bad as slight fluctuations, creating an unrealistic expectation of the market.  

What do you enjoy most about partnering with moneycorp? 

I believe partnerships like moneycorp make the buying process more stable giving the real estate agent and the client confidence that the best choices are being made. For our company I appreciate the personal connection and the availability of our partners. Iva is not only knowledgeable but personable and welcoming to our agents and clients. 

What would you suggest to real estate agents who aren’t working with moneycorp?   

I would suggest that they educate themselves about the benefits of using moneycorp and learn how to present those benefits to all of their international buyers and sellers. 

Why use moneycorp?

120+ currencies available

120+ currencies available

24/7 access

24/7 access

The ability to set up regular payments and target rates

The ability to set up regular payments and target rates

Get in touch

Become a partner today

Become a partner today

Daily market updates

Daily market updates

We are dedicated to keeping our clients informed of the very latest foreign exchange market. Read our expert daily commentary, providing you with key market movements and highlights.

Read
Weekly market wrap up

Weekly market wrap up

Stay informed and read our in-depth weekly foreign exchange market analysis, providing you with all the market movement information you need for the week. 

Read