A GUIDE TO BUYING PROPERTY ABROAD
Thank you for choosing FLAGROUP.COM to help you find and
buy real estate abroad. Buying real estate can be a challenging endeavor even
in your own country. Buying in another country can be absolutely intimidating.
FLAGROUP.COM makes the challenge easier and more profitable. The following
Frequently Asked Questions (FAQ) offer a brief guide to buying property
abroad.
First step is Inspection visit:
You would never consider buying real estate outside your
country on the basis of a photograph. Besides the real estate itself, you need
to inspect the surrounding properties and see how they are used, visit the
town center, tour points of personal interest, talk to residents, and much
more so that your ultimate decision will be made with knowledge and wisdom.
The inspection visit starts at the major airport of your
chosen country, you will be taken to the hotel that FLAGROUP.COM
has booked in
advance for your convenience. Then you will be taken to FLAGROUP.COM’s
client service office in the region and introduced to the Broker in charge.
The Broker will explain to you how to buy real estate in that region, along
with the legal requirements and all other details. Utilizing the detailed
information from FLAGROUP.COM’s Corporate headquarters about your real
estate preferences, financing needs, and other specific requirements, the
Broker, over the course of your visit, will show you a selection of real
estate available in the region. Before departure you will be advised on the
type of gear you would require depending on the region and time of the year.
How much time will I have to make up my mind?
You will have plenty of time to make up your mind. Before
you even leave home, you already have an idea of what you want to buy so you
may decide quickly if this new real estate matches your needs. After that, a
local tour will tell you if you like the area as well. Many clients find their
match soon after they arrive on their visit. Others require the entire visit.
In either case your FLAGROUP.COM local Broker will always be available and at
your service throughout your stay to help you through each step of the
process.
When I see the real estate I want, what happens next?
An earnest money deposit of ten percent (10%), in the form
of a bank draft, will remove any property you want to purchase from the
market. The bank draft is payable directly to the Broker in charge of FLAGROUP.COM’s Client Service Office in the region. With
FLAGROUP.COM’s
assistance, you arrange a mutually convenient schedule of stage payments with
the Seller and the reservation contracts are drawn up. If, for some reason,
you change your mind about purchasing the real estate, you simply repay your
draft into your bank when you return home.
What sort of people buy properties abroad?
As technology makes the world seem smaller and the farthest
corners of the globe more accessible, companies and individuals can now select
real estate from throughout the world. The range of choices is infinite
depending on the whole multitude of preference factors: style, price,
interest, business and leisure, and more. Companies and people from all works
of life are now attracted to other countries.
Examples:
Mexico and Brazil
offer lower costs of living, cheap labor, and warmer climates to United
States companies.
The Caribbean
Islands and Spain provide healthy atmospheres, relaxed lifestyles, and
warmer climates to individuals looking for vacation homes and rental
properties.
The United States,
because of its fast-growing economy, is attracting real estate investors
from other countries.
If you are looking for a permanent or seasonal residence
overseas, you may want to avoid the commercialized areas. However, if you
are purchasing a rental property, you need to look through the eyes of a
tourist.
The majority of our clients are Property Corporations,
Property Developers, Real Estate Investment Trusts (REITs), Real Estate
Investors buying commercial properties for investment purposes (e.g.
Hotels, Apartment Complexes, Office Plazas, Warehouses, factories, Resorts,
Casinos, Golf Courses); Multi-national and International Corporations
(buying commercial and industrial properties for their corporate use),
Government Agencies, International Non-governmental Agencies, and wealthy
individuals with exclusive tastes who require residential property that most
others can only dream of owning (Villas, Mansions, Estates, and Islands),
for holiday or permanent residence.
What about after sales services?
During the inspection visit, FLAGROUP.COM’s client
service representative will explain about the local area and services to
you. He will inform and arrange the following services if necessary:
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Car hire at the best rates. |
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Title deeds procedure. |
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Payment of utility bills. |
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Bank accounts. |
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Maintenance of the real estate. |
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Medical, household, and car insurance. |
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Property rental, resale, and cleaning. |
SELLER'S AGENT Vs BUYER'S AGENT
The Realtor (real
estate agent) that accepts a "listing" is the Seller’s Agent.
The Seller’s
Agent is legally obligated to obtain the highest price possible
for the Seller.
Can the Seller’s
Agent protect the Buyer’s Interest? No! The Seller’s
Agent protects the Seller’s interest.
Who will protect the
Buyer’s Interest? FLAGROUP.COM will.
FLAGROUP.COM
negotiates with the Seller and the Seller’s Agent to obtain the best
price and terms for the Buyer.
FLAGROUP.COM owes the Buyer the
following:
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100% Confidentiality |
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100% Obedience |
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100% Accountability |
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100% Disclosure of Information |
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100% Expert Skill, Care, and
Diligence |
FLAGROUP.COM belongs
to the International Network of Real Estate Agents called "Exclusive
Buyers’ Agents." An Exclusive Buyers' Agent is always on the Buyer’s
side.
That is the service you will receive from FLAGROUP.COM.
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