30.4.06
Bulgarian Investment Property - Guide To Buying Property Abroad - Part 2: Save Yourself THOUSANDS by Using An Expert
Bulgarian Investment Property - Guide To Buying Property Abroad - Part 2: Save Yourself THOUSANDS by Using An Expert
Just like a personal shopper can save you a whole day (or even an entire weekend if you're a fussy custome) looking for just the right pair of jeans, a property consultant can save you a bloody fortune in wasted time and money by finding the right property deal for you.
Obviously a pair of jeans doesn't usually offset the cost of employing a personal shopper (unless they're very good at their job), but hiring a property consultant can definately be justified and save you many thousands by giving you key local advice and insider information.
A landlord friend of mine is always on the look out for great property deals, but he's often so busy making his portfolio is constantly rented out, he doesn't always have time to find exactly what he wants on his next investment.
A year ago, he wanted to start a property portfolio in Bulgaria, but had no idea where to start looking, or even what kind of properties would give the best return and didn't have the time to spend hours researching on the internet and making dozens of calls. Even then, he wouldn't really know if he had bought a complete lemon or not
This is where he needed an experienced property consultant with local knowledge to go through his requirements and find him exactly what he wanted. So I did the research for him. I told him where the property hotspots were, potential returns, mortgages, solicitors, builders, utilities, taxation, travel details, bank account, company formation and general information just on living there.
He now has fourteen properties in Bulgarian and has seen a return of over 50% on all of them. A very happy man indeed.
Perhaps you have considered buying abroad, but decided the potential complications of navigating your way through the mine-field that is buying in a foreign country has put you off? Especially in a new emerging property market like Bulgaria.
A propert consultant can allow you to reap the rewards of being in on the property market early, before everyone jumps on the band wagon. They can provide you with a selection of the finest properties that is perfect for both your requirements and your pocket. But more importantly, they can stop you being scammed and ripped off! I'm sorry to say it happens everywhere. Even in the UK! But buying a property in a strange land with a different language can be fraught with problems.
A property consultant with experience and local knowledge of the market and it's procedures can be a real asset.
He can package the whole deal for you. You don't have to think about what comes next or shop around for the best mortgage rate or worry whether the property is in a good location. All you have to do is choose froma selection of property details which you know suit you, or you wouldn't even have been presented with them for your perusal.
Why take a risk dealing with an interested party? The estate agent, the property broker all have a vested interest in you buying what they want you to buy, NOT neccesarily what YOU want to buy.
Most of the time, an estate agent will still leave you to do all the donkey work or just palm you off with someone they always work with to make their life easier. This can mean the deal lacks transparency or even avoids highlighten negative points that may have influenced your decision to buy.
Bulgarian Investment Property