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If you could buy prime beachfront property at a bargain price, wouldn't you?
Finding
a steal in the U.S. is probably not going to happen. Housing
affordability is diminishing, and in some markets homes are even less
affordable now than they were in the heyday of the housing bubble. So
investors, retirees and adventurous buyers are looking internationally
for options that offer a better bang for their buck.
Homebuyers
open themselves up to more options and a larger range of price points
when they're willing to look in countries other than the U.S. Plus, if a
foreign market is experiencing rapid growth, there's a greater
likelihood that buyers will get a large return on their investment.
But
house-hunting abroad comes with its own set of hurdles. Namely, home
financing is a very different process outside our borders. Interest
rates can be higher and in some places down payments need to be larger.
Also, buyers used to scrolling through listing websites won't find as
much luck finding properties as they would in the U.S. -- many other
countries don't have the multiple listing service to catalog available
properties. And of course, there are language and legal barriers to
face.
If you're considering an international investment property,
step one is to find a good real estate attorney who understands the
country's laws, especially if you're not fluent in the local language.
But
if you're ready to take the plunge, consider these 10 places where your
return on investment could be as nice as your coastal view. We worked
with Live and Invest Overseas,
a publication and research company specializing in international
living, to determine the best international property buys for 2014. In
culling the list, the firm considered many factors, including market
events, currency fluctuations and tourism. Take a look at this list before you start packing your sunglasses.
Have you wanted to own a vacation or second home in Mexico but thought it was out of your reach? For the past several years, foreigners have been able to purchase properties in Mexico using a traditional mortgage! Cross Border Investment provides premium financial services in Mexico – including mortgage brokering and closing coordination. At CBI, we work with you to select the top loan for your needs and we shop for the best deals amongst our lenders. CBI offers 99% of the loans available – we are your link to the lowest interest rates and fees, as well as the smoothest closing. Contact us today, and let CBI make your dreams a reality!
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Hipotecaria CBI está orgulloso de ofrecer 99% de las opciones de hipotecas disponibles. Trabajamos con Ud. para seleccionar el crédito hipotecario más económico de acuerdo a sus necesidades y escogemos entre las mejores ofertas entre los prestamistas. Póngase en contacto con Hipotecaria CBI para informarse sobre cuál es el mejor crédito para usted.
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