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Date archive for: July 2017

Tips To Invest In Cambodia Property

There are many countries where you will be benefited by investing in properties. In Cambodia, you can invest in many properties to gain success as well as money in the real estate business. 

Vital info – Before investing in a Cambodia property, you have to know the rules and regulations of Cambodia. It is a fact that the State Constitution of Cambodia doesn’t allow foreigners to buy land in Cambodia. No matter who you are and how much money you are willing to invest, this rule is for all. But, many properties were made earlier, where foreigners can invest their money. Either you can buy a house for rent in Siem Reap or build a home to sell. You can get such condominiums in Phnom Penh’s capital city. You will also get such types of properties in tourist spots, such as Sihanoukville, Siem Reap.  

Best places to look for – In Cambodia, you have to look for certain places where foreigners can invest in properties. You can have a look at the Siem Reap’s tourist destination, Sihanoukville’s beachfront resort, Phnom Penh’s capital city. Additionally, you can visit Tuol Kuork as well as Russey Keo districts and even Boeung Ken Kang located in Chamkar Mon district. Keep these things in mind while looking for a land for sale.

More rules – Just like others you will feel that you can buy a full condominium even being a foreigner, but that’s not true. The owners of condos don’t sell the ground floor portion to the foreigners ever. Foreigners can only get at least 70% of one condo. The developer will continue to sell you a condo as long as it’s 70% limit is not reached. For instance, you may like a flat at the 18th floor, but you cannot buy it as it is not within the limit of 70% anymore.

Select great projects – If you want to buy a property in Cambodia, so that you can give it on rent, then you must buy a property which is secure and is present in a gated community. There must be 24X7 security in the area. 

Money time – Riel is Cambodia’s official money and the US dollar is its unofficial money. You can use your US dollar to buy properties in Cambodia. Even with US dollar you can do your shopping, fill your empty tummy with delicious food and so on. You can buy furniture by giving US dollars, though for buying other things you have to pay in Riel only. This is the truth! 

Finding The Best Property Dealer

Most people come to a time in their life where they want to sell a property they have bought. This can be because they have chosen to move to a new place or because they want to get some money for some other purpose as fast as possible. Once the decision is made to sell the property one has to find buyers. Usually, this is where people choose to find a property dealer to handle all that selling work.

We all want to work with the best real estate agent because that offers us the peace of mind knowing we are going to get the best deal for our property. There are a few main ways used by people to find the right property real estate agents

Asking From the People You Know

People are used to asking their family and friends they know about different products or even choosing professionals to get a certain service. Therefore, they use this same technique when choosing a property dealer to work with. Most of the time, most people know some property dealer as they have been engaged in such property selling work earlier. However, you have to remember using this source as a way of finding a property dealer can work and not work as well. Sometimes the professional who was good for a friend or a family member could turn out to be not good enough for us.

Looking at Different Advertisements

If anyone you know do not know about such a property dealer you can also look at different advertisements which appear on newspapers, websites or even in bus stop and benches. This will offer you a chance to directly contact them and get to know them. However, finding the right professional the very first time you try can be hard as these advertisements published by them only mention the good qualities and wins they have gained.

Using an Online Portal

The newest way of finding a property dealer is using an online portal. Usually such an online portal lets you see the agent profile with all the information regarding his or her past work, any awards, etc. This allows you to have a clearer view of them. The best portal will also offer you the chance to compare property dealers in your area so that you can choose the very best in the end.Using any of these methods you can find a property dealer. You should also know that the last method is identified by most as the most useful method.

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