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Real Estate Brazil
As with any other overseas property investments, there are potential risks and unsavoury practices for the unwary. Investing in real estate in Brazil is no exception.
However, while buying investment properties or even a private Brazil home can seem a daunting prospect for many people, the process need not present any real problems so long as common sense and caution is observed.
The acquisition of a real estate propery in Brazil is a relatively straightfoward process. If you speak Portuguese or you are a Brazilian, then your best source of information and guide for finding the best Brasil real estate property agent will always be 'personal recommendations'.
If you don't speak Portuguese, it is advisable to enlist the services of an established Brazil real estate agent or a reputable English- speaking international real estate agent. It is best to identify one or two before your Brazil travel northeast. That way you can do most of your research at home and use your time more productively when you visit Brazil.
Even so, you will still need to keep your wits about you and get yourself fully informed. Remember at all times that property developers have one ultimate goal in mind; that is to sell their development quickly and at the best price they can secure. The Real estate Brazil agents are there to do just one thing and that is to hard sell to make their commission and to keep the developer happy.
Despite their charm, real estate Brazil property agents, just like agents any where else, are working for the seller and not you - the buyer. Don't ever lose sight of that fact!
There have been recent reports of unscrupuluous practices whereby real estate prices have being over-inflated by up to 25% by some developers of Brazil offplan properties and Brazil resale properties destined for the rental investment market.
Although Brazil northeast has ripe rental investment potential, it is especially important that you thoroughly research the particular north east location in which you are buying into; the currrent demand for rental properties in that area; as well as looking into the background of the real estate Brazil property agent and/or developer.
Bear in mind that some real estate Brazil tourist developments can take up to 3 years to complete. If you buy into the first phase of a development and you are paying morgage finance on the property, how long will you have to wait before your Brazil rental property get rented?
Before committing to buying a real estate Brazil investment property, check and double check any rental return figures you are given and especially those that claim 'guaranteed rental'.
While on paper, a rental income of 10% will represent an excellent rental return, it is a completely different 'kettle of fish' if you have paid out an over-inflated price for your Brazilian real estate property in the first place to achieve that kind of return. Keep it realistic and be sure to draw rental comparisons with other similarly located real estate Brazil property developments in the area.
You might also want to look into a Holiday Rentals By Owners scheme, which is an excellent alternative to using rental management services.
Brazil Real Estate Property Market
Brasil Property Investment
Brasil Northeast Property Hotspots
Which Property To Buy
Apartment Holiday Homes
Cheap land for sale Brazil
Buying Brazilian Land Plots
Brazil land Buying Procedures
How Safe Is Brazil Property Investing?
Getting To Grips With The Language Barrier
Brazilian Requirement For Buying Property
What's Involved In Buying A Property in Brazil
Brazil Property Costs
Property For Sale Brazil
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