A Modern Day Goldmine: International Real Estate

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INTERNATIONAL REAL ESTATE INVESTING FORECAST

In the decades to come, investing in international real estate could be a goldmine for US investors. With a largely restricted supply and continuous improvement, capital appreciation is almost limitless. Jim Rogers, a renowned investor has this to say about international beachfront, “More of it is not being made.” Point well taken, Jim.
Presently, the United States is not among the major countries with top-ranking real estate opportunities. The U.S has passed its economic growth phase, at least for now, motivating investors to search for real estate opportunities overseas. Outside the borders of America, international real estate is booming. Such opportunities include, but are not limited to:
• Fast growing frontier markets
• Established regions with healthy tourism
• Long-term growth potential relative to cheap housing prices

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Five Top Advantages of Acquiring International Real Estate:

1. You are fully in control. You have absolute power to buy, develop, rent or sell your property. You can have it tailored to suit your requirement and your schedule.
2. You can maintain steady source of income from overseas. Investing in international real estate will provide you with an opportunity to diversify your source of income and appreciate foreign currencies.
3. It provides a great hedge against inflation. Apart from it just being a source of foreign income, it is termed a hard asset. This means it maintains an intrinsic value regardless of the individual currency’s change in value.
4. Real estate is multi-purpose. International real estate investment is often purchased as speculation. While waiting for surrounding urban development to arrive, consider participating in government forestry programs and agriculture. For example, in China, the newly employed 2.5 million people will definitely cause an increase in the demands for meat and other food stuffs. This translates to more land needed to cultivate animals and crops along with wood for new residential and commercial construction projects.
5. Real estate can be fun! It is fun to invest in international real estate. You can use your investment as a part-time residence, a vacation getaway, or for personal retreat. It’s all your choice. International real estate constantly increases in value, generates consistent returns and secures your net worth.
Investing in real estate gives you control of a huge asset, with relatively low sums of capital invested. Investing in international real estate is also a sure way to secure your capital. You have a tangible asset that is productive and useful. Throughout history, land has retained its position as a great defense against turmoil and inflation. A place to live in is one thing every human seeks. Thus, no matter the fluctuation in prices, your international property will continuously maintain its demand.

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Gene Mock is a Certified International Property Specialist working hard in the Washington DC area to promote high standards, codes of ethics, and fair trade between international home buyers and those professionals representing them. He will show you how international real estate can fit into your financial plan and goals.

Call Gene Mock at 703-342-8100 for more information about international and local real estate in the DC Metro Region.

Gene Mock Realtor http://northernvirginiarealty.com/

A Modern Day Goldmine:International Real Estate

 

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5 Tips for Overseas Vacation Home Buying Success

Owning a vacation home abroad in an exotic location is a commonly shared dream – and for those serious about making their dream come true here are the five main things to remember when homes buying abroad.

International Vacation Home Buying Tips

The dream of owning a vacation home in some sun-drenched overseas location is one the majority of us share, and because real estate proves itself time and again as a solid long term investment commodity, many more people are committing to purchasing real estate abroad as an investment that they and their family can also enjoy and benefit from.

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When buying a vacation home abroad there are a number of key considerations to bear in mind to avoid some of the traps and pitfalls sometimes associated with buying long distance and in an unfamiliar country.  With these 5 tips for overseas vacation home buying success you can quickly cut a swathe through the research process and move towards securing the dream swiftly and securely.

Tip One – Learn the Rules and Regulations

Different countries have different rules relating to the right or otherwise of foreign citizens to own the freehold title to immovable property.  Some widely publicised destinations don’t allow foreigners to directly own the land on which their property sits (Bulgaria) or more than one property (Cyprus) for example, and some countries are less economically or politically stable than your own which can mean that real estate related rules and regulations may change in the future.  Make sure you’re comfortable with the workings of the country you’re considering buying a vacation home in, and if in doubt seek professional advice about that country and the ambitions you hold for owning a holiday home in it.

Tip Two – Good Investment/Bad Investment

If you’re buying a vacation home with a hope that it will go up in value and be not only a family retreat but a great asset, know that real estate, just like any investment commodity, can go down in value as well as up.  Furthermore not all countries have a real estate economy the same as the one in your own country – a little research would be wise into the historic nature of the property market in your country of choice as well as predictions for its future.  While such data is not a direct indication of how well your investment will perform it will arm you with more data to hopefully make your decisions easier.

Tip Three – Title Deeds and Legalities

Legal systems and the title deed registration process differ from country to country therefore know your legal rights and try and find out about the essential searches, surveys and title deed checks that need to be conducted before you should commit to buying your overseas vacation home.  Never enter into any form of contractual agreement without the direct assistance of an independent lawyer and never accept someone’s word that a vacation home has its permissions and title deeds valid and up to date.  Insist on seeing and checking all important facts and data before signing on the dotted line.

Tip Four – Accessibility and Desirability

If you’re thinking about making an income from your vacation home or even hoping to holiday in it yourself regularly, one of the most important factors to bear in mind is the accessibility or otherwise of your vacation home.  If your real estate is difficult to reach, with many miles to traverse and complicated and expensive plane journeys to plan, then it will just become a less desirable commodity over time. While a vacation involves getting away from it all and escaping every day life, a vacation destination and home should be easy and affordable to reach.

Tip Five – Enlisting Assistance

Consider enlisting the help of a reputable real estate agent, an independent lawyer and if you want to make money from your vacation home, a property management service.  Such professionals can save you time, effort and money and they can make the whole process of buying and owning a vacation home that much simpler.  Make sure you take references, examine credentials and see qualifications before employing anyone to assist you however, and if at all possible seek recommendations because anyone who does a good job will always get good press!

Let us guide you through the process with our international network of real estate professionals. As Global Property Specialists we are uniquely qualified to assist you in purchasing real estate internationally.

Contact Gene Mock, Associate Broker, Premier Team, Keller Williams Realty 703-342-8100 for guidance when buying international real estate

Gene Mock Realtor http://northernvirginiarealty.com/

5 Tips for Overseas Vacation Home Buying Success

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