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Aussie Property Investing is a wholly owned subsidiary of The Property Acquisition Group (S) Pte Ltd. The editor of Aussie Property Investing is an avid property investor in the Australian property market.

PPG Asia is a wholly owned business of The Property Acquisition Group and a global partner of PPG International Pty Ltd, a global company with network of offices in Melbourne, Sydney, Brisbane, Singapore, Hong Kong, Malaysia and China.

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Comment from haji
Time: January 4, 2008, 5:15 pm

Buying International Real Estate
Andrew C. Weitnauer
1-2-2008

Have you ever thought about buying a second home in a foreign country? Most of us have spent a few minutes online drooling over some of these properties. However, most of us quickly let the dream fade away when we realize how complicated and risky this venture can be.

The hardest part about buying property abroad is that every country, state, and city has different rules and conventions. So to be smart about it we usually start by researching foreign ownership restrictions, tax ramifications, currency issues, etc. This can be very time consuming, costly, and may even lead to out dated and incorrect answers. Along with this, doubt usually sets in; what if the property is over priced and I’m the only idiot in the world who doesn’t know it?

The best way to purchase real estate in foreign places is to contact a trustworthy, local, real estate professional. A local real estate agent will be familiar with the market value of properties in the area you are searching, and they understand the local laws. Your next question is probably; how do I find a trustworthy local real estate agent?

There is a website called UniFersal.com, http://www.unifersal.com/index.php . You can find properties, look at property pictures, and even chat, call, or message a pre-screened, local real estate professional who speaks your language and specializes in the particular city you are searching in.
UniFersal.com does a background check on all of the real estate professionals that would love to help you buy real estate in their city. They confirm the professional’s real estate expertise in that city, and even ask for references.
If you are serious about buying a property in a foreign country, don’t try to do it alone. Use the internet to drool over properties, then get serious and contact a local professional.

Comment from Benson Koh
Time: January 20, 2008, 6:47 am

great entries here, i’ll be sure to come back here again. added you to my rss feeds.

Comment from Craig Brown
Time: January 22, 2008, 8:36 am

On the topic of buying a home in an area distant from yours, whether it is interstate or internationally; one of the best risk mitigation strategies is to have professionals inspect the house for faults and to establish a fair market value.

I have recently started a web based business to help people in Australia arranage property valuations, building reports and pest inspections.

I have also pu together a short pwerpoint on the topic of 2 tier marketing. (I hope it presents properly in this site, if not the URL is below.)

All the best with this site.
Craig Brown
http://www.evaluator.com.au

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http://www.e-valuator.blogspot.com/

Comment from admin
Time: January 22, 2008, 8:45 am

Hi Craig,
I don’t condone two-tier marketing. My philosophy is ensure the prices are the same whether it is sold to local Aussies or international clients. Because we don’t incur huge marketing expenses, we are able to do it. Thanks for visiting my blog. I am sure you will find it interesting. I am Aussie trained..

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