Real Estate in Chile – 5 Tips for Investors

With the traditional economies of the west seeing more and more uncertainty each year, some investors have been starting to look more closely at emerging economies. Apart from Asia, South America seems nowadays one of the most interesting spots to invest. The usual candidates all have their pros and cons. While Argentina suffers from legal uncertainty and Brazil from still widespread corruption and crime. Still they are by far the best known and biggest countries.

However, Chile has gained on them over the last 10 years or so. Chile offers a very balanced place: There´s high literacy and education, the highest average income (although still not evenly distributed), very good infrastructure, and well-working institutions. Also to be mentioned, the low levels of corruption on the institutional level.

On the other hand, Chile offers both for the institutional and private investor a wide range of interesting objects. For the institutional investor, or the investor who is primarily looking for rentability, Chile has Tourism projects, and more important, agricultural land and mines.

For the private investor who may be looking for a second home or a piece of land, there are some great deals out there, be it a lakeshore land in the south´s lakes region, prime agricultural land at less than 5.000 USD per hectar or just a beachhome in Vina del Mar or further North.

The five things you should know when investing:

1. Can anyone purchase land in Chile?

Yes. But what you need to purchase land in Chile, is a so called RUT, similar to a social security number. It´s emitted by the Chilean tax authority and it is easy to get. You will get it without any problems but you have to apply for it personally in Chile at the tax office (Servicios Impuestos Internos).

2. How can I make sure the property I buy is legally all right and the seller is the owner?

When you have found the property you were looking for, you should contact a lawyer to check the property´s legal limitations and ownership. The lawyer will ask for the information at the Conservador de Bienes Raices, the Chilean Institution that keeps all records for all properties. You can also ask for the record there yourself. What you need is the ROL-number, the property´s ID number.

3. Looking for farmland

If you are thinking about investing in farmland (because food prices ARE going to rise), it all depends if you intend to farm it yourself or would like to rent it out to other farmers. In the first case, probably you will want land that can produce exportable fruits, such as grapes, nuts or apples. Then, look in the Regions close to the Metropolitan Region: V. and VI. Region. If you would like to rent the land out, we recommend to look further south, where you will find land that is cheap and favours crops that do not require a long investment period such as maize or corn.

4. Have the Mapuches in mind

The major tribe of Chilean Indians are the Mapuche. They have been granted some land after it all had been taken from them earlier by the colonial rulers. Now the problem is that the Mapuche believe that land can not belong to nobody and they are legally not entitled to sell the land to people who are not Mapuche. If they sell it anyway, the contract may be illegal. If you buy in the south (VIII-X Region), have your lawyer check this point. In other regions it is usually not a problem.

5. How to know when is a good time to invest in Chile

After the Chilean central bank has announced to buy 50 millions of USD every day until the end of the year, the dollar has gained about 5% against the Chilean Peso. It looks probable though, that the peso in the medium term will make good its loss, and even rise to higher levels than ever before. The reason is Chile´s copper. It´s the major export of the country and its price has risen. The other major export, fruits, also have seen higher prices over time. If these trends continue, the Peso will rise further. This could make it more expensive for you in the future. Although – nobody can foresee exchange rates.

For more information on all these topics, visit the site http://www.property-in-chile.com.

Tips For Choosing a Real Estate Appraiser

Whether you’re investigating the value of your own property, the potential of an investment property or trying to obtain financing for a home, you’ll need the services of a certified real estate appraiser. If you’re trying to hunt down the value of a particular property and need to hire a real estate appraiser, keep reading for some tips on how to locate a quality person.

1. Ask your Bank

Because most lenders require proof of the value of a property before they will finance its purchase, they can often recommend trusted appraisers that they work with on a frequent basis.

If you trust your bank or lender, ask your mortgage agent for an appraiser recommendation.

2. Check with your Real Estate Agent

Your real estate agent is there to help you make this sale happen. Since they work in the business, they deal with appraisals and appraisers every day. Likely, your agent will be able to recommend a number of appraisers that they work with and trust.

3. Opt for Experience

The value of a home, whether you’re buying or setting an asking price, is going to depend largely on the appraiser’s recommendation and appraisal. Hiring the wrong appraiser or an inexperienced person could cost you a lot of money, whether you set the asking price for your house too low or you buy a home that’s simply not worth its stated value.

When hiring a home appraiser, look for experience and good references, not the cheapest price.

4. Ask Family and Friends

Some of the best recommendations come from our trusted friends and families, so ask around. If a member of your family or circle of friends has recently purchased a home, ask them about their appraiser and whether they would recommend them.

When hiring a service provider on a recommendation, always mention that you were referred to their business and who gave the referral. Referral-based business can often go a lot smoother than a cold call.

5. Check Online Customer Reviews

Many consumer review sites, like Yelp.com, let customers review and rate service providers and businesses in their area. These sites let you read actual customer reviews that include the good, the bad and the ugly about a particular business. So, before you hire, check online for customer reviews and comments.

Hiring a real estate appraiser is necessary, but also easier than it sounds. To get the best results, ask your bank, real estate agent and family and friends for recommendations. Finally, remember to opt for experience and check available customer reviews.

St Lucia Real Estate Tips: 5 Ways for Green Living on the Caribbean Island

St Lucia’s rich biodiversity and natural beauty play a significant role in the island’s culture and economy. The island’s 2 major industries, tourism and agriculture, both depend on sustainable environmental practices. In 2004 the Pitons were inducted as a UNESCO World Heritage Site due to their outstanding beauty and unique ecology. Environmental awareness is therefore a crucial part of life in St Lucia. Every human interaction with nature leaves behind an indelible fingerprint. When building a home in St Lucia you should be vigilant to minimize the impact on the environment. Here are 5 easy ways in which you can do so.

Do not clear land indiscriminately. Before starting construction, consider how your home will impact the tree cover in the area. St Lucia is a heavily vegetated country. The prevalence and variety of trees is one of the things which makes the island unique. Save as many mature trees as possible. Incorporate existing foliage into the design and layout of your house. This ensures that the island remains green. Mature trees also add majesty and beauty, while keeping a property cool.

Use renewable energy. Sunlight and wind are two of St Lucia’s most abundant natural resources. It is now possible to have one’s home completely powered by solar panels and wind turbines. Whether you use wind, solar or a combination of the two depends on the location of your home. For instance, home sites on the island’s east coast have a constant Atlantic breeze, and are well placed to utilize wind power. While solar or wind power will increase your construction costs, it will eliminate utility bills in the future. In St Lucia, electricity is the most costly utility and the savings will add up in the long run. Renewable energy also reduces the burning of fossil fuel and helps to keep the air clean while reducing the island’s carbon footprint.

Harvest rain water. St Lucia has approximately 2000 mm of annual rainfall. Using drainage systems, it is easy to collect rainwater, which is stored in tanks or underground cisterns. This helps conserve the island’s public water supply. It also ensures that you have a backup if there are shortages after a hurricane.

Maximize natural ventilation to minimize cooling costs. In St Lucia, air conditioning units are major culprits when it comes to high energy usage. Keeping your house naturally cool will significantly reduce your consumption of electricity. High ceilings, large windows, insulated roofs and cross ventilation are just a few ways in which your house can be designed to remain cool. Many homes in St Lucia are located on elevated hillsides where there is a constant breeze. A well ventilated house can eliminate (or at least greatly reduce) the need for air conditioning. (Besides the practical benefits, high ceilings and large windows are great for admiring those amazing St Lucian vistas!)

Grow a kitchen garden. Gardens flourish in St Lucia’s rich, volcanic soil and tropical weather. It is common for backyards to be laden with tropical foods such as mangoes, guavas, dasheen or breadfruit. Eat your own organic, delicious fruit, vegetables and herbs grown right in your back yard! Once you’ve gotten your garden started it’s easy to maintain. The prevalence of backyard gardening helps ensure the island’s food security and preserves the indigenous foliage. The rewards are delicious and good for both you and the environment!

These are just a handful of ways to live a nature friendly lifestyle if you have decided to buy St Lucia real estate. The island is loved for its lush, green beauty. Everyone in the country must play their part to maintain this. Cautious real estate development can enhance rather than diminish the island’s natural environment. Energy efficiency is also a great investment as it will make your home more appealing to buyers should you ever decide to sell.

Real Estate Investing Gurus – Top Tips I’ve Learned

Everybody learns from somebody, and, when it comes to real estate investing, I definitely have spent considerable time and money studying flipping “at the master’s feet.” I’d like to share the top tips from the top real estate investing gurus I learned the most from over the years.

  1. Ron LeGrand© – anybody who needs to copyright his name is probably worth listening to! LeGrand is definitely the big name in our business. Although people have been into real estate investing since way before Ron Legrand, I don’t think anybody’s taught it to the masses like Legrand has. Legrand made famous the MAO (Maximum Allowable Offer) formula everybody’s used for years.

    My greatest takeaway from Legrand was the MAO formula and the mechanics of the quick flipping business. The famous Ron Legrand quote “the less I do, the more I make” was also my first inspiration for systematizing our real estate investing business.

  2. Robyn Thompson – once I learned the mechanics of flipping, I decided that flipping rehabs was where I wanted to focus. I invested in Robyn’s courses, and attended her rehab and marketing for real estate investing bootcamps. Robyn is one of the best real estate investing gurus out there for giving huge value at every level of presentation (from the free ones to high-dollar bootcamp).

    I learned a TON from Robyn about the rehab flipping process, but the number one takeaway I got from Robyn was how fast you could really flip rehabs if you just threw more resources at them.

  3. Dave Lindahl – I met Dave through Robyn’s events, and attended his bootcamps and invested in his courses. Dave teaches flipping for “chunks” of cash, but nobody knows markets or apartments better than Dave.

    What has been most valuable to me from Dave was his ‘Managing for Maximum Profits’ home study course. An investor with no experience or training in managing property is like a lamb to the lions. I started on the right foot, and have managed properties for years successfully.

  4. Louis Brown – Lou Brown is the undisputed king of real estate investing forms. I’ve used Lou’s forms for real estate investing since the beginning, and have always appreciated having an incredible library whenever I need a new document.

    Lou’s forms, therefore, are my #1 takeaway from Lou, and I still use many of them today for flipping.

  5. Kris Kirschner – Kris’ Auto-Pilot Real Estate Systems(TM) for Buying and Selling real estate set the standard when we were growing our flipping business. Kris is a systems guy all the way, and his real estate systems are used across the country to really automate so much of our business.

    My greatest takeaway from Kris was his approach to “self-serve” showings. Putting a lockbox on the house, giving the code to people to view, then offering a self-serve kiosk in the kitchen with brochures and applications was pure genius, and I can’t imagine that we ever showed properties in the “olden days.” Flipping real estate is definitely best self-serve.

  6. Dan Doran – Dan is the truly the master of the sales process for real estate investment, though that barely scratches the surface of what I’ve learned from him. Dan’s ‘Sales Mastery’ course has made a bigger impact on our real estate business than any other system we’ve implemented.

    If I have to pick just one greatest lesson learned it’s this… “If there’s equity, GO!” Dan was the first to coin this sales strategy, which was contrary to what EVERYBODY else was teaching about flipping (they all said you needed to be looking for motivation, and skip right past the unmotivated sellers). Dan is also a master of the inner game, business building, and the pre-foreclosure niche.

  7. Richard Roop – Richard is Dan’s partner, and together they teach real estate marketing, systems, and have a fantastic coaching program, which I’ve been in for years now. Richard is a killer copywriter, and his slogan “Sell your house as-is, for a fair price, on the date of your choice” is probably the most copied real estate headline in our business.

    Pressed for the top lesson, I’d have to say it’s the importance of marketing in our flipping business. The first time I implemented one of Richard’s messages on a long-running campaign, I was literally overwhelmed with phone calls by people who had been receiving my messages previously, but never responded.

Dig Into Tips Before Making a Real Estate Investment

Have you planned to book a property? If yes is the answer to this question, you must better explore the tips before delving into the real estate market. However, the city has turned into a major hub of properties where one could find varied types including apartments, villas, penthouses, commercial spaces and plots. Many renowned builders have also launched a plethora of projects. Thus, a buyer can get a huge number of options, but getting trapped with an unfavorable deal is also possible. So, before you make a deal or buy a property within the city, go through the following tips.

A Few Useful Tips for Buyers:

Realize the Possible Risks:

There is always a possibility that the deal you are getting will be unfavorable. Try to always avoid the risk of getting confined with a wrong deal. Understand that there are two types of investments in the real estate market, namely, private investment and public investment. With private investment, the buyer becomes the sole owner and use the property in any way. So, the complete risk has to be tackled by the owner. Second comes the public investment, within which the buyer invests only in the share of the property and enjoys the profit. The buyer does not become responsible for any of the property.

Jot Down the Complete Plan:

Investing without any plan can either give an inappropriate deal or it becomes equal to impossible. So, either plan yourself or avail the assistance of your financial manager. In terms of investing, the professionals have best plans and the key to invest. So, people can easily pay for their deals, if planning has been done in a smart way.

Cross-check the Property Before Booking:

Even if you consult with your buyer, make sure you have visited each room. Check out the material used or the interiors. You can also discuss with your builder about the material used or the architectural related things. Fix the deal, only if you are satisfied with all the essential elements.

Make an analysis on real estate ongoing trends:

Make sure that you have made a good analysis on the real estate market trends. Try to follow news, social media or articles that can convey you the current prices, best location, best deal and discounts. You can also subscribe to a website that can update you with the recent updates. Making an analysis can help you to figure out an appropriate location and project.

Check your budget:

Your dream could be big for buying a property, but it is very important to realize the budget. It is not true that you will exactly get for what you are dreaming. Sometimes, you can get even better or just satisfactory. Thus, always discuss with your consultant about the budget and accordingly explore various options available within the range. Currently, the realtors are having all range of projects starting from low range to a very high range.

Exploring the above mentioned tips can help you to get an excellent property deal along with high returns.