Must Know: Business Tips on Buying Property in Bali
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source: viewretreats.com
Buying property in Bali can be an exciting adventure, but it's important to be well-informed and prepared. Here are some tips to help you navigate the process, with a focus on finding the right real estate agent:
Finding the Right Real Estate Agent
Look for experience with foreigners: Bali's property market caters to international buyers, so ensure your agent has experience dealing with foreign clients and understands the specific considerations they face.
Seek local knowledge: An agent with deep knowledge of the different areas in Bali can advise on factors like zoning, development plans, and cultural aspects of each location.
Credentials and reputation: While Indonesia doesn't have mandatory agent licenses, look for affiliations with reputable organizations like AREBI (Asosiasi Real Estate Broker Indonesia). Check online reviews and ask for references.
Communication style: This is a big investment, so find an agent you connect with clearly. Ensure they are patient, responsive, and understand your needs and preferences.
Additional Tips for Buying Property in Bali
Understand property types: Foreigners cannot directly own land. Explore options like Hak Milik (freehold ownership), Hak Pakai (long-term leasehold), and leasehold agreements through a local company (PT PMA).
Do your due diligence: Always have a lawyer verify land titles, permits, and any potential encumbrances on the property.
Factor in additional costs: Consider taxes, notary fees, and ongoing maintenance costs when budgeting for your purchase.
By following these tips and conducting thorough research, you can increase your chances of finding a trustworthy real estate agent and having a smooth property buying experience in Bali.
These are some references for property in Bali:
source: propertiabali
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Property ID PPV3961
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Property Status For sale villa
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Property Type Leasehold Villa
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Price IDR6.854.000.000
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Years 19
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Bedrooms 3
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Bathrooms 3
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Building Size 170 m²
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Land Size 5.5 Are
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Year Built 2021
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Area Bingin
source: propertiabali
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Property ID PPV3984
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Property Status For sale villa
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Property Type Leasehold Villa
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Price IDR3.807.000.000
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Years 25
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Bedrooms 2
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Bathrooms 2
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Building Size 160 m²
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Land Size 1,55 Are
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Year Built 2025
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Area Pererenan
source: propertiabali
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Property ID PPV3950
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Property Status For sale villa
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Property Type Leasehold Villa
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Price IDR4.520.000.000
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Years 25
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Bedrooms 2
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Bathrooms 2.5
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Building Size 163 m²
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Land Size 1.32 Are
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Year Built 2025
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Area Bingin
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