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Old 19-09-2007, 09:24 PM
Transylvania Investment Transylvania Investment is offline
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Join Date: Aug 2007
Posts: 58
Default Reading and wondering!

The more I read here, the more I get a headache!
What is the purpose of your purchase, Ray? Is it investment or is it purely pleasure of throwing money off the window?
What do you intend to do with the property after purchase? What sort of revenue you expect on it, man? Are you considering capital growth or rental return or both or neither?
Probably what the agent says is changing the destination of the ground, probably switching it from outside village to inside village to increase value. Tell me if I'm correct, just doubting here.
Yes, my impression is you get confused there and quite a lot! Get a legal adviser, maybe is best to have a search on the internet for other companies that do investment advising on Transylvania and find out what the hotspots are before you throw your money like that.
There are many pitfalls but any property should be registered in the Land Book, you can ask for an evaluator as well (I can supply you with one in the next days if you like)
Check if there is no trial on the property (as for example, the property was confiscated by the communists and now the former owners want it back and they have a trial on it)
I strongly advise you not to jump into it before you know everything inside out! Have an independent valuation! I can help with that if you desire, just let me know of your intentions.
Remember not all that is cheap is good!

Maria, in Transylvania 1sqm of agricultural land doesn't come less than 1 Euro anymore. However, if you can source me something for less than that, I would very much appreciate it.

Best regards,
Diana Marinescu
Transylvania Investment
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