Posts Tagged ‘property search’

Tips to buy property in Belgium

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Interested in Belgium, are you? Go for it, I would say. Buying a property is straightforward, more than anything. But be warned, it can be laborious!

Living in Belgium is not an easy thing, say some of my friends in Brussels! The one thing that I heard most from those who I asked about life in Belgium, si ‘Be prepared to face bureaucracy!”

There are three local languages — French, Dutch (Flemish) and German, and it’s important that you do not speak the wrong language to the wrong people. Relax, the good news is that,  English is widely accepted and used.

Ready to make that move?

Now for the tips

  1. Choose and sign. Once you have selected the property, it is important to sign an agreement to commit to purchasing the house. A final contract is signed a few months later, once the legal work and mortgage issues are done.
  2. Notaire.  All of the above happen via notaries, known as notaire. both the seller and the buyer have a notaire, each. Pick a notaire on recommendation and ensure that s/he is conveniently located. Also, find a notaire, before you find a house.
  3. Price. Assuming that you will do all the necessary research involved in buying a house, remember that the price that you agree with the seller and the price you finally end up paying will differ hugely. There are several factors contributing to this — huge property taxes, notary fee, taxes on loans and so on.
  4. Structural Surveys. These are not a legal part for getting a mortgage. You must do it for your own benefit. A must do before you sign up on that agreement.
  5. Property Insurance. You are liable for it from the minute you sign on that dotted line of that agreement. Be aware of thse implications and stay alert.
  6. Mortgages. You have a whole plethora of choices in Belgium. make a wise one. What might help you is the services of a mortgage broker. typically a  mortgage broker helps you find the best deal, the best source for a loan, etc.

Now, what you need, I am sure, is loads of luck! 

Be sure to visit us to get a peek at homes across the world.

Much Love and happy house hunting,

MILO

P.S: Follow me to my next post: Property Buying tips in Finland.

Top Ten Tips — Buying property in France

Top Ten Tips — Buying property in France

Welcome to my hot tips for buying property. Our chosen country is France, this time. Refer to our list of ten best countries to live in, and you will find France on the tenth!

My top ten tips:

Before we begin, I must tell you that buying property in France is fairly straightforward. Also, there are no restrictions on foreign ownership. Therefore the process maybe a simple one. Still, there are some things you have to bear in mind.

1.     Know your French. And know it well. Half baked knowledge of the language is dangerous. Better still, simply get assistance in translation.

2.     Select your region. France is a huge country. So narrow down your search to which region you might want to invest in. (for more info on regions, do look up one of our earlier posts –‘Knowing France’ – a three part series). Also, you must make up your mind whether you want a town house or a country house.

3.     First, only a verbal offer. Remember, not to sign any paper or hand over any money, till you are in front of the notaire to process the sale and purchase contract. If possible, do some research and appoint your own notaire. Do ensure you clear your doubts and ask for advice from your notaire. A notaire’s fee is fixed by law and is non-negotiable.

4.     Research. Do ample research about the property that is of interest to you. Ask questions, make a couple of visits before you get to the ‘notaire’ stage. It might also be extremely useful to go through all the taxes you might have to pay — agent’s fee, notaire’s fee, land registrar’s fee, VAT, registration fee, and so on.

5.     Preliminary Agreements. Once you have decided on the property and agreed on the price, you will need to sign a preliminary agreement with the seller. You will also have a seven day cool off period, during which time, you have the right to change your mind. This time is best used for structural survey and other inspections, if required.

6.     Buying property with French mortgage. Mortgages are cheaper in France and offers a whole lot of tax advantages. If you do opt for mortgages, ask about conditional clauses and incorporate them.

7.     Vendor obligations. Be sure to know what the vendor has to provide to you before the sale. The vendor must provide a number of stautory survey reports. Get clarification and help from your notaire on this front and do not go by the report alone. The vendor is also obliged to make a number of stautory disclosures, which you must verify in front of your notaire.

8.     Laws for unmarried, married and group of people. There are different laws and conditions, you must know and bear in mind. Ask friends, legal experts and read up.

9.     It’s all about wits.  It’s often noticed that when you buy property in your own country, you keep your wits about you, but when it comes to buying property abroad, you lose track of where you left it! Often, it’s your wits that come to your rescue or help you in a situation. Basically, you must remain calm and be able to think clearly without confusion.

10.   Loads of luck. 

Much love

Milo

P.S. A million thank you to several informative websites and my French friends who helped me draw out a comprehensive list.

P.P.S: Our next post: Tips on buying property in Portugal. See you there 🙂

The Frozen Sea and Land Around

Black sea often gets frozen due to the sub zero temperatures in that region. The scene is a spectacular one as the gushing sea stands still as if following the commandment of a higher order!

Here are some stunning pictures, and they really make an impact on you, you might want to invest in property near by. Just for info, the Black Sea borders six countries — Turkey, Bulgaria, Romania, The Ukraine, Russia and Georgia.

These pictures below are the coast off Odessa, the third largest city in Ukraine.

Very close to black sea, in Odessa, are fabulous apartments for sale as well as rent. Odessa boasts of providing several options to invest on residential real estate.

First, the fab pictures…

Odessa and Real Estate In Ukraine

The city of Odessa, is said to be very different from most cities we know. With a nightlife that claims vibrancy, beautiful beaches and museums, one can safely say that this city is meant to be enjoyed completely.

Reports say that real estate prices are now faling in Ukraine, making it the right time to invest in apartments. There are hoards of just completed residential houses, and also several under construction ones!

Ukraine has seen a real estate boom ever since the Orange Reveloution, way back in 1994. It has seen a lot of foreign investments in real estate in recent times, too.

Ukrainian property can also be bought through some real estate agencies without the buyer’s physical presence, through online services.

Nevertheless, buyers, especially of expensive property, prefer to make the deal in person.

However, as is the case with real estate purchases in any part of the world, the buyer must excersice caution before finalising any deal. Thofough research is required to be done. Not just that, it’s important that foreign investors keep all necessary documents in order and take extra care and precaution before buying property/ renting property or even giving out own property on lease.