This has been a popular post and illustrates things that can go wrong when buying real estate in foreign countries. . Many more tales have reached me since this was published, but for now, this might be helpful. There are many great people out there and there are great stories, but there are also booby traps for unsuspecting buyers. Enjoy the reblog. Z
A true fixer-upper!
Due Diligence: “Research and analysis of a company or organization done in preparation for a business transaction’ (Merriam-Webster) ” Due diligence is the process of systematically researching and verifying the accuracy of a statement.”(WhatIs.techtarget)
… But the landscaping has such potential!..
I love a good fixer-upper, and I’ve also learned that the best part of a property might be the gnarled tree that guards the entrance! I’ve learned to spot potential problems, and I’ve also learned how to see past the neglect and find an ugly duckling waiting to transform into a swan.
With a dozen years of living in second and third-world countries, I’ve learned from trial and error and have also learned by watching others. We applaud anyone who embraces a new life, but when things go wrong, often times those new transplants find they’re playing David against Goliath.
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