Value for money and peaceful living in the beautiful Morocco

These days, it is becoming increasingly fashionable to buy property in Morocco. Morocco has a lot to offer in terms of property sale in areas such as Mediterrania Saidia , Asilah , Tangiers , Marrakech , Tetouan and Agadir But because of the desirability of property for sale in Morocco an investor should not be deterred from securing their ideal piece of real estate just because purchasing it can take many months and a great deal of paperwork because there are many agencies that can help you do everything for you while you sit back and relax.

The key to successfully navigating the real estate purchase process in Morocco is seeking the assistance of a recommended real estate agent or simsaar. These people have a local working knowledge of the property market in the particular part of Morocco in which they work and they are often able to shield the buyer from paying over the market price by understanding the true value of properties for sale. There are quite a few, but Qudoo.com is one of the best you can get to ensure a smooth and beneficial deal. As with many emerging markets property investors who broadcast the fact that they are in the market for real estate will often find that the places they're offered for sale suddenly go up in price - with the help of a good simsaar the foreign buyer will pay the same as a local buyer in Morocco.

A simsaar will usually charge two and a half percent of the property's purchase price in fees and some charge a daily rate which can be deducted from this fee. The amount of time and money they can save an investor means that they are well worth their commission. However, because these agents often speak little English or French it is usually necessary to have a translator as well and a cautious approach should be taken when finding a translator, real estate agent and solicitor in Morocco. The Moroccan people are keen to attract foreign investment and the majority of professionals an investor will deal with will be happy to genuinely assist - but as the saying goes, 'buyer beware' when employing anyone to assist with the buying process in any country in the world! It's highly likely that an investor will have a great deal of choice in Morocco particularly if they're interested in older properties and those in need of renovation.

It's a good idea to take a camera and a notepad when examining properties because after a few days it's easy to forget which pieces of real estate had which features! Once an ideal property has been found it's usual to make an offer to buy and to negotiate on the asking price. Once an offer has been accepted a deposit of around 10% can be paid. The deposit or arbon should secure the property and remove it from the market place. But unfortunately the reality is that it's wise to close the sale at the time the price is agreed upon otherwise if the vendor is offered more money before the sale is closed they may well take it and return the investor's deposit to them.

There is one small problem with this approach - by officially closing the sale the taxes should be due within 30 days. BUT if you pay the taxes the sale really is closed and the buyer can refuse to move out which in the worst case scenario results in a five year legal battle to have them evicted. So what most buyers do is hold back on paying the taxes, incur a small fine but save themselves the trouble of having deeds transferred into their name and running the risk of having sitting tenants! This may sound confusing but with the help of a decent lawyer all of this is transparent to the property purchaser.

Those buying brand new or off plan property in Morocco of course avoid all of these issues. An investor looking at Morocco Property should budget an additional 7 or 8% on top of the purchase price for fees and taxes. As stated the real estate agent will charge about 2.5%, the notaire or public notary will charge 1% to sort out title deeds on older properties - a process that can take up to 2 years after the sale has completed but which will result in the property being worth more in the long run as all subsequent buyers will avoid having to repeat the process - and finally there's also a small amount of tax on the purchase price on Investment Property Morocco which pays for itself when you consider the benefits of living in a charming and culturally rich country that has a lot to offer in terms of value for money and a peaceful living

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Aslam

Understanding the buyer

There are 3 things the seller can control during the real estate process. These include: asking price, the condition of the home, and how the home is marketed. The buyer on the other hand, is going to be more focused on the following factors: location, size, and amenties. According to NAR, the main reason people choose homes is because of the quality of the neighborhood. This unforturnately is something the seller has no control over. The size of the house also plays an important role. Smaller homes will be targeted more by first time home buyers and empty nesters. Amenities are something the sellers need to take caution with. Many times sellers will add all sorts of features to add allure but it won't actually affect the resale because of conditions in the market or the feature added has gone out of style. Consult with an agent to decide it will actually be worth your time and investment for renovations. Todd Miller is a REALTOR servicing the Nashville,TN real estate market. If you are relocating to Nashville, Todd is a dedicated professional that offers the best in customer service and attention. Contact Todd today for more information on Nashville real estate or homes in Nashville.

Selling your home quickly without the use of an estate agent

SUMMARY : In today’s modern world, people can find themselves in all sorts of difficult situations which can require them to seek a quick sale of their property in order to resolve the problem. These situations can include financial difficulty, divorce/separation, ill health, redundancy or any other major life changing event. In circumstances such as extreme debt/facing a repossession order or bankruptcy, it can become necessary to free up the capital in your home in order to pay the creditors back what you owe them and get yourself out of difficulty as quickly as possible, before the courts take action against you.

What started out as a small debt can quickly snowball into an out of control crisis situation not helped by payments being missed for whatever reason and rising interest rates. It can become all too easy to bury your head in the sand and try to ignore the situation, or deny that the situation is even there. Often the thought of what may lie ahead may be too awful to even consider, so many people try to block it out. You may fear loosing your home, your business, your belongings, your reputation and your dignity. It may seem that you are in an impossible situation with no light at the end of the tunnel. In general, you feel as though you need a miracle! Surprisingly to most, there is a possible solution to this problem for homeowners in the form of an investor who specialises in purchasing properties from people in these exact situations, and who understand how time sensitive the situation is which you are in.

The speed at which investors such as these operate could mean all the difference between you ending up at a repossession hearing or not. A good investor will give you an initial cash offer for your home within 24 hours, based on the area your property is in and the average selling price of similar properties in the surrounding area. Should this indicative offer seem acceptable to you, the investor will then arrange a personal visit to your home in order to put a formal cash offer to you. If you agree to this price, they will then instruct their solicitors to proceed immediately with the purchase of your home. To help you out, they will generally reimburse you for your solicitor’s fees or they will supply you with a solicitor free of charge.

Investors such as these will usually complete the purchase of your property within 28 days, although some have been known to complete within as little as 7 days when circumstances require it. This enables you to have the cash in your pocket and the ability to repay your creditors what you owe, saving you from the bankruptcy courts. The majority of investors will also give you the option to rent your home back from them as a tenant should you so wish, meaning you can remain in your home, often for a lesser monthly payment than your mortgage previously. Not only this, it is also usually possible to set up an agreement for you to have the additional option to purchase your property back from the investor once you are back on your feet, meaning you get the best deal all round.

You get to stay in your home and even buy it back at some point in the future. There is a real possibility here that you can salvage a lot, if not all of what could potentially be lost in the event of bankruptcy/repossession if you act soon enough. You are also, of course, free to move out if that is what you want to do instead. This service is unfortunately only available to homeowners, but if you are lucky enough to own your own home and have enough equity in the property to cover your debts, this is often the ideal solution to your problems. Rather than severely damage your credit rating with bankruptcy and loose your belongings, your home and many of your rights with it, this option allows you to do the unthinkable without anyone but you and the investor ever needing to know about any of it. It is a completely legitimate service offered by patient and understanding individuals and is fully within the boundries of UK law.

This service is also not limited to those in debt, indeed anyone wanting to achieve a quick sale of their property for any reason is able to sell via this method. There is no need to worry about repair work outstanding on the property or decoration which needs doing, as investors buy ’as seen’. A bit of work does not worry them! Many investors operate in only one small area, so it can be difficult to hunt down a good one close to you, however, the business I run is completely nationwide. I manage this because I have personal contact with investors from all over the UK, and I can guarantee to find you an investor who will make you an offer on your property in the shortest time possible. I do not charge any fees to my clients for this service whatsoever. The service is completely fee free to yourselves, as mentioned previously your solicitors fees are even paid for you. You will also find you do not require a Home Information Pack when selling in this way, saving time and money.

There are no arrangement or valuation fees either. Investors such as these are able to offer you this service at such short notice because of one simple fact , their offer to you will be between 75 - 90% of your properties full market value in return for a cash offer on your home. This enables the investors to stay in business and offer such a fast service to their clients. You will find that all of the investors we deal with are extremely helpful and friendly, and there is nothing to be afraid of in discussing your problems with them. You can rest assured that when selling your house via this method, only those who you choose to tell need know about the transaction.

There will be no for sale boards outside your property and your debtors will be paid off, leaving you free to get on with enjoying your life again. The worry will be gone and your name need never appear in the local papers as a declared bankrupt. ABOUT AUTHOR: Sally Slater is a professional property investor specialising in helping clients who require a quick sale of their property due to circumstances beyond their control. She provides real estate services to homeowners from all over the UK. Her website and services offered can be found at www.webuynationwide.co.uk