You've got to get to know the property you want to buy and where it's located. If you don't, you risk being very disappointed. Here are some tips that might help.
In the first installment on Due Diligence, I explained how important it was to know your agent before you arrive in Bali.
In today’s episode I want to address what happens once you arrive in Bali and you're ready to view those beautiful properties that you've shortlisted over the last few months with your agent.
You're particularly excited to see that villa on the top of your list, because you've already figured out what it will be like to live in. And you're a virtual regular in all of those trendy coffee shops and restaurants close by.
A word of warning here.
Don’t get too excited because most buyers don’t usually buy what’s on top of their first inspection list.
Why?
Well, after having inspected around 20 or so properties, your original brief will certainly change dramatically. And that’s a good sign; it means you've done your homework and learned something you didn’t know before.
But how to decide which property is right for you?
Here are some tips:
Then look at the quality of the building you intend to buy.
If you're unsure about the building quality, get a local engineer to do an inspection and prepare a report.
In my next installment on Due Diligence, I'd like to share some very important legal things to be aware of.
Stay tuned!
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Due Diligence Part 1: know your agent and save yourself a lot of trouble