3 Interesting legal facts a Phuket Investor shouldn’t miss!!!

Phuket, one of the favourite choices of holiday makers around the world is no more for holiday makers. Wait! But a significant boom in real estate business says real estate agents. In Thailand, there is an economic boom in many industries and luxury property investment is one of the major business in the popular tourist island Phuket Land.

Around 3 million tourists visited the city every year and last year it was exceeding more in number that it broke the previous record of tourists arriving in the International Airport. The report says, even big hotels have opened around 224 private pool villas which shows the staggering increment in arrival of tourists.

So...taking this into account let’s have a glance at the possible opportunities and what’s your chance to invest in Phuket Property.

PhuketApartments As per the civilian law, foreigners can't own land in Thailand. So, in most cases you will need to buy a condominium where foreigners are allowed to own 49 % of the society. As a Foreigner you can purchase in your own name. Plus, you have to prove that the money for the purchase arrived from abroad by filling out a Tor Tor 3(TT3) forms prior to transferring the money into our account. No worries, professional realtors like Exotiq property will help you with this to make sure everything goes smoothly.

Phuket house: In most cases, you need to lease a Phuket Home since you are not allowed to own land in Thailand. The validity of such leases usually last for 30+30+30 years.

Phuket land: Over the years, the land price has been increasing in Phuket and therefore you are expected to pay around 5 million baht per rai (1600 sqm) in south Phuket.

As an end note, I would recommend the easiest way to own property in Thailand is to purchase a condominium. But the choice is yours!

4 Simple Things to remember when approaching a Bali Real Estate

The island of Bali has been a top tourist destination for decades. Being blessed with pristine beaches, many mountain ranges, green rice-paddies and swift refreshing rivers, this land has a unique culture that truly gain the attraction of many. This rich culture matching with modern amenities and uniquely preserved heritage lets it to be a top destination for escapade aficionados.

With respect to foreigners: Recently there have been some proposed changes to the ownership rules for foreigners.  As per the civilian law, now they can own real properties for up to 25 year term. When term-time expires, they are eligible to renew their rights with the National Land Agency (BPN) for an additional 25 year term. They can even extend it for another 20 years.

Approach a Specialist: If you yourself are searching for Bali Home for Sale, then you’ll soon become tired, frustrated and loss of time. So, choosing a realtor is good if you don’t want to miss out on some of the best deals in the market.

Let the professional agents at Exotiq property assist you in realizing your dream of ownership. Especially for those who are buying a house for first time plus a foreigner, it is always advisable to utilize the skills and expertise of a competent real estate agent. They ensure that you get the best value for your money and more importantly they help you to avoid costly mistakes that could sour the entire experience for you.

The need of lawyer: Foreigners are advised to consult with lawyers to further discuss and explain the provisions of property laws in Indonesia. They can also help you with the proper documentation required for the purchase.

Location: Finally, after deciding to purchase a property in Bali, choose a location for your Bali House. Needless to say, this magical island is full of nature’s wonder that a villa or an apartment anywhere in the island can mesmerize you. However, Ubud, modernity minus the hustle bustle, and also the cultural heart of Bali would be your choice.

3 Signs you’ll find the best property in Bali

The fascinating beaches, people and rich culture, has made Bali land the most popular real estate destinations in the world. Its undeniable natural beauty has attracted people from all over the world and let them buy a dream Bali Apartment for Sale, in the past few years. Amidst the many fastest growing countries in the world, this sole island has become the preferred destinations for many business organizations.

Whether you are looking for a residential property in the region or looking for land to set up your business, you have many choices available. However, the growing demand for property for sale makes it harder to find the right property that suits your preferences as well as the budget. And that’s when emergence of real estate companies like Exotiq property comes as no surprise to help.

The weather in Bali is superb! There is no reason to have a fully enclosed house in this weather. The sufficient humidity to not bother blow drying your hair but not too much to make you sweat while staying still and rain sprinkled every few days to keep everything green and lush.

If you are ready to commit to living here for 6 months, there are many  Bali Home for Sale that fulfils your needs. Beforehand, you must inform your real estate agent about your wants. A home that is comfortable and has a pool with a yard for the kids to play in and explore or else, you might want your apartment to be within walking distance to restaurants, clubs, and shops.

Is that too much to ask? Or do you near some rice fields. Don’t worry, this is Bali and the rice fields are famous for it. You only have to seek the right professionals. They will make the task of finding an ideal property quite simple and stress free.  

Hints and Tips on getting maximum benefits out of Phuket Real Estate

With Thailand government promoting the country as a retirement destination for many American and European retirees, besides Phuket’s tourism activities, Phuket homes are increasing and the need for serviced Phuket apartments for rent is growing. The excellent weather as preferred by European nationals, affordable leasing and condominium purchase prices offer as on date is a good influx of European and US retirees who are looking forward to spend their leisurely years in Phuket, Thailand.

When compared to the other regions, acquiring entry level properties in Phuket is not cheap as investment is catered to the upscale and up-market. Emerge of property developments replicates investors have more choices for safe investments considering one’s accessibility, life-style and size of Phuket homes for Sale to make an investment in real estate property.

Because the real estate industry caters to the up-market, Phuket boasts the highest standards in terms of property development than any other place in Thailand. Know why? Many high-profile international designers and developers are here aiming to infuse their signature and mark of excellence into the real estate industry.

If you are planning to visit Phuket land once in year or so, maximize your purchase for a long term rent to let them stay all year round and rent an inexpensive bungalow. Some may think that they have to stay in their unit or their personal Phuket condo because it's theirs and that's the reason they bought it. Never kick out a long term renter just because you want to stay a few weeks in your own personal unit.

The Top 5 Key Responsibilities of Real Estate Agent or Realtor

First and foremost, ethically and legally, a real estate agent should be continuously aware of his fiduciary responsibility to the client. If you are on the process of buying or selling a house or commercial or even a self storage building through a professional, mentioned below are few points to guide you and judge if you have chosen the right person, especially in tourist destination like Bali where forgeries can happen unexpectedly.

To deal with clients: There are great deals of preparation involved in finding properties based on clients requirements, research on the same and assist the clients to make a decision. It’s the responsibility of the real estate salesperson working for a seller must find a qualified buyer to purchase the client’s property.

Professionalism and knowledge: Some of the important factors that concerns in a Bali Home for Sale are the complications involved in the transaction if you are a foreigner, the emotion attached to the seller’s property and the bulk amount of money involved. An agent must be therefore well-versed and professionalize who values these factors. So, make sure your dealer has experience in conducting inspections, virtual tour, negotiation and closing a deal as part of his job.

One of the effective job roles of a real estate agent is to advice their client regarding how to sell a property for the maximum price in the shortest span of time. This includes preparing fliers, marketing, installing a for-sale sign and using any media coverage to accomplish the goal.

The realtors must meet the regulations of standard environmental criteria such as any toxic paint or improper ventilation system at the same time should never disclose his client’s confidential information or that the seller is desperate to sell because of a family emergency.

Making yourself aware of the responsibilities of professional agents like Exotiq property will make your life easy while searching for Bali Apartment for Sale as you will know beforehand the things you expect.