You will be reading about:
Gain a basic overview of strategies
Learn the specifics of various real estate markets
Access attractive offers
How to start if you want to invest in real estate locally or abroad?
Tip #1 - Know Your Team First
First, you need to get an overview. It's not enough to just read information from a website or social media profile. Everyone has to start somewhere, but it's important to know how experienced the team you will be working with is.
A big trend today is Instagram and Facebook videos, which companies pay for to create a professional image. However, what’s important is how these people handle client care afterwards. Most of them stop caring after the sale. But your investment begins with the purchase.
Tip #2 - Don’t Fall for Flashy Developers
Focus on the quality of the developer and take an interest in completed projects. The more attractive the developer's marketing, the more attention you should pay. Just because a developer is the biggest in the market doesn't mean there will be demand for their projects when you need to sell.
"Quality means doing it right when no one is looking." – Henry Ford
Tip #3 - Cheap Now, Costly Later
Price isn't everything. If someone tells you to invest in the cheapest projects, you need to find out why the price is lower than average. Usually, it’s due to a worse location or the developer providing lower quality property management. This could result in additional investments later or force you to sell the apartment below value if necessary.
Tip #4 - Local Experts Win
If someone is selling you a property, they should know the local area well. Beware of "vacation sellers" who have only short-term experience in those locations or broker sales for other real estate agents. In that case, they may not be trying to sell you a low-quality project intentionally but may lack the experience and local knowledge.
Tip #5 - Don’t Rush, Stay Smart
If someone tells you that you must buy now because there will be no more apartments or villas, check whether the developer or seller is using this tactic to rush your decision.
Have you heard that it’s a unique opportunity because there will be a casino, it’s just 15 minutes from the beach, and project X has limited availability? Then came project X2, X3, X4 in the same location by the same developer? A common trick to spot an inexperienced or dishonest seller.
Which point interested you the most, and would you like to know more about it? Let us know in the comments.
If you have any questions about real estate in Bali, Dubai, or the Caribbean, feel free to get in touch—we're here to help.
Comments