Buying a Property in Burgas

For a somebody who is thinking about buying property in Burgas, it is essential to search the services of a local property agent. Lots of real estate agents in Bulgaria wants you to pay just for viewing properties. The viewing fee is charged because many times, people are wasting lots of time just looking at the properties when they have no intention of buying anything. However, it not may be the waste of time, because most foreign visitors have a combing sense in seeking the right property. However, payment of fees is mandatory for visitors. If you find an excellent property in Burgas and it seems too good to be true, it is wise to be careful than to risk loosing a money on a real estate that will not live up to what the estate agent is saying.

Foreign investors can buy properties in Burgas (as in whole Bulgaria) either directly or through a local company. There are laws and rules for foreigners buying property in Bulgaria, for example, now only Bulgarian-resident individuals are allowed to own land in the country. Non-residents can not acquire immovable property permission in Bulgaria. For this reason, if foreigners want to invest in real estate, they must register with a company based in Bulgaria is entitled to? Hold the building?. Once the company is registered, the property was purchased in May of the company’s name.When it comes to buying property, Burgas has plenty of investors offers, and if you’re a wise investor you would do some homework before buying a property.

How to earn buying a real estate in a bad neighborhood

When people wants to buy a real estate from me, usually their first requests is that  house should be in a “nice” neighborhood. And it makes sense to purchase a neighborhood that is safe and enjoyable. But there are some advantages to buying property in the bad neighborhood or on the wrong side of the river. This article contains some highlights of them.
First, if you buy a lease, you usually get a better cash flow in rough neighborhoods. If you rent your property, there are more renters and they are more long term. It is difficult to rent in the neighborhoods because many people looking to rent and those who are generally short term while looking for a house to buy.
The other aspect is that there is less concern in your area during descent, because it is already down. Good neighborhoods can get bad and bad neighborhoods can get better. Since the price usually reflects the current state, the purchase in an area which has potential for improvement might be a good idea.
You must remember that these properties are more recession proof. When the economy goes south, real estate in the rough neighborhoods is less affected.
So, in general, I am not saying that you must buy in a bad neighborhood. But simply that if you are looking for long-term investment, sometimes it’s a good idea to walk on the tracks and look around a bit.

Top 5 International Real Estate Markets

Based on several factors, including lifestyle, retirement, opportunities for fun and investment. International magazine chosen the five Real Estate Markets for 2008. Still virtually unnoticed by the tourists in the world, these five regions are the best real estate markets in 2008. They are:

1. Calabria, Italy, Europe: a sunny corner of Europe, Calabria is a beautiful peninsula that is surrounded by the silver-blue sea on three sides. Life happens in a very nice in this place that has all the charm of a medieval village. A promising property market, the region is well served by low-cost European carrier RyanAir.

2. Ciudad Vieja, Uruguay, South America: This is another of the cities of the world economy is still unknown. The city has experienced a booming real estate market since 1995 and the trend is sure to continue in 2007. Always ranked among the top 10 cheapest cities in the world last year, Ciudad Vieja remains one of the best places to invest this year.

3. Montenegro, Eastern Europe: This spectacular European country on the Adriatic Sea, that many have almost forgotten has topped the list of best real estate markets. The aquamarine sea, mountains in the background fascinating, exciting summer villas and quaint fishing villages are only a few characteristics of this jaw droppingly beautiful country. An ideal tourist destination, it was considered the fastest growing Travel and Tourism by the World Travel and Tourism.

4. Cartagena, Colombia, South America: This is an old walled city, features a magnificent Spanish colonial architecture and flanked by white sand beaches. The city offers a warm weather, the affordable lifestyle, and world-class diving and diving for tourists and locals.

5. Malaysia, Asia: Southeast Asia top retirement haven, the country is a very affordable destination. Malaysia offers a Western lifestyle and a host of attractions including modern infrastructure, cheap and countless cultural attractions. Its beautiful white sand beaches and blue waters offer sailing, diving, snorkeling, etc.

Real Estate Investment in Eastern Europe

Some investors believe that Europe is too far to visit their potential property would be costly and difficult. If so, then this is probably not the best investment for you. It is absolutely essential that you inspect any real estate in Eastern Europe that you plan to buy.  Eastern Europe continues to experience explosive growth that the country modernize their economies, which led to fantastic opportunities for investors well informed. Real estate in Eastern Europe is a solid investment with significant growth potential. As with any investment, you’ll learn about potential problems. Inexperienced investors may lose their money, they buy houses in Turkey or to put money into CDs at their local bank.  The seller will present the best features of the property and is likely to underplay any problems. This does not mean they are dishonest, but buyer must still consider the property in person. In addition to your visit, a home inspection professional inspect the property. May that the structural defects invisible to the casual observer will be obvious to an inspector of the house and can save you thousands of repair or prevent you from making a bad deal.

Avoid 5 mistakes buying a real estate

Here are five mistakes made by property investors, according to bankrate.com. Bankrate brought together five errors after talking to set up full-time real estate investors and other professionals involved in real estate investment such as bankers. Read on to know them and avoid them.

1. Do not plan ahead. The absence of an actual plan is the biggest mistake made by novice investors. Find a house after forming a good investment strategy is the right way instead of looking for a house to adapt the plan. Many make the mistake of buying a house, because it seems to be a good deal and then try to see how they can fit into their plans. Instead of buying a house and think we can plan on time, investors should focus on the number and try to make offers on multiple properties. This will ensure good property that is not only their investment model but also with the figures they had planned.

2. To think you can make money quickly. The second major mistake that real estate investors is to think it is very easy to get rich in real estate. This is only a myth and the reality is that investment in real estate is a long term project.

3. Do it alone. To become a good real estate investor, we must build a team of professionals to assist investors in its deals. This would ideally include a real estate agent, an appraiser, a home inspector, a lawyer and closing lender.

4. Making the excess payment. Another reason that investors in real estate Goof in their investment is paying too much for goods they buy. Paying too expensive and locks all funds in the property deal erred will leave no money to buy you.

5. Leaving aside the ground. Do not do your homework could be a costly mistake if you were a real estate investor. All areas of business needs sufficient amount of homework to do, and real estate investment is no exception. Learn the basic principles and then business by investing in properties.