Friday, 23 August 2013

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.

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