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Originally Posted by JMBroad
Hi David,
Just curious, sounds like a great plan especially if eventually there is enough clout to get the developers to answer within a reasonable time-frame or utopically before launching the development itself.
How do you envision making it not only secure for investors but also feasible for best RoI? In most cases (as you state you get your information from the developers) the developments which are selling fast and furiously are also the slowest to provide the information.
I can see the benefits for someone buying a second residence but wouldn't it be counterproductive for the pure financial investors?
Undeniably the best possible DD has to be done before every and any purchase, whether it be by the buyers themselves, agents or an independent source such as yourself or all of the above. The legal representative of the buyer should also do most of what is needed (assuming they are competent) before signing the contract?
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Hi JM
The service is for off plan investors this is done prior to even putting the deposit down It is the only service available and full investifgations are carried out. The report covers the legal side of the property development, checking planning permission, land tile ownership, building licenses, shareholders and directors, the management contract and everything you need to know about your proposed project.
We already have lots of agents and the public taking up the service and it is conducted via international lawyers in the country who investigate the whole affairs of the developer and development.
The investigation is managed to completion by The Live Overseas our exclusive partners who are a representative of First Title Insurance plc, which is authorised and regulated by the Financial Services Authority. First Title Group is a wholly owned subsidiary of The First American Corporation, they not only have the backing of the world's largest provider of business information, but over 115 years experience in property matters
It will enable you, the purchaser, to have full control of your decision making rather than relying on an unknown source to provide you with information that may not be totally correct. If you are an agent it will allow full independant due-diligence on any developer in the world prior to sale to the consumer
You the investor are now in the driving seat - it enables you to make sure your investment is sound for the future. Lets be honest no one wants to be another statistic with a property nightmare