Two Budgets For Your New Life In Panama

How much does it cost to live in Panama? We take up this cost-of-living question regularly. This time, my point has to do with how much your cost of living can vary within a particular country. Is Panama still a bargain destination? Not really…and you betcha! Our Panama editorial team considers this question regularly and in a real-world way. We live here. We know what it costs. So when we set out to create a detailed budget for Panama, we agreed straightaway that that would be an impossible thing to do. We can’t tell you how much it costs to … Continue reading Two Budgets For Your New Life In Panama

Italian property buying guide

When purchasing a property in Italy you should go through 3 stages: 1) Proposta irrevocabile d’acquisto (reservation offer) 2) Contratto preliminare di vendita (preliminary contract) 3) Atto di vendita (deed of sale) Once you have chosen your property you should engage the services of a solicitor, whether you buy through a real estate agent or directly from the vendor. An Italian solicitor’s knowledge of Italian Real Estate Law is invaluable and he is there to look after your interests and your interests only! When buying a property in Italy the first document you will be called upon to sign is … Continue reading Italian property buying guide

A Good Time To Look At Roatan

“Most of the expats and retirees in Honduras,” explained Correspondent Michael Paladin yesterday, “have flocked either to the north of the mainland, beginning at Copan, variously described as the Athens or the Paris of the Mayan world, or to a few enclaves along the Caribbean coast and the Bay Islands, especially the famed diving island of Roatan. “The current U.S. Ambassador to Honduras estimates that there may be some 3,000 American retirees among Roatan’s population of 30,000-plus. “Roatan is where most of the development in this country has been focused to date, much of it to support the big volume … Continue reading A Good Time To Look At Roatan

Words of Wisdom: Diversify to Succeed

REALTOR® Emeritus L. Harrell Pendleton attributes his successful, five-decade career to hard work and intrepid investing. Find out more about how he kept his business strong in good times and bad. How did you get started in real estate?   PENDLETON: I got into it by accident. I was working for a local movie theater as a projectionist and part-time manager in the late 1940s. I was in my early 20s and had just returned from a tour of duty with the army in Japan. But between shifts at the movie house, I helped out my stepfather, W.S. Holdway, with his … Continue reading Words of Wisdom: Diversify to Succeed

Use GPS to Send Buyers in the Right Direction

Not all buyers love jumping in the car with their real estate practitioner to scout out neighborhoods and homes, and some buyers don’t even want to take separate cars. Special situations may require that house hunters take solo trips to look at homes you’ve recommended.   Technology can make such scenarios as fruitful as possible. Practitioners are lending out preprogrammed automotive GPS devices to customers, who can use the technology to guide them from home to home. And some new in-car GPS products have Web access, which adds the ability to upload or remove addresses in real time, while customers … Continue reading Use GPS to Send Buyers in the Right Direction

Mortgage Update: Jumbos Remain Elusive

At a time when some mortgage products are showing signs of life, jumbo mortgages are hard to get and expensive, making it difficult for many would-be move-up buyers to take action. What to do? Since the credit crunch hit about two years ago, many lenders have all but abandoned jumbos, which are too big for secondary mortgage market companies Fannie Mae and Freddie Mac to buy for packaging into securities and outside the limit of FHA. Yet with their reluctance, lenders are leaving money on the table, say analysts and professionals in the lending community.   A study by the … Continue reading Mortgage Update: Jumbos Remain Elusive

9 Ways to Get Glowing Online Reviews

Whether you like them or not, online rating Web sites are a reality for today’s real estate professionals. Those sites, in addition to Facebook and other social media outlets, create a powerful tool for spreading the word about you and your services. But to do it right, you need your customers’ help.     The advent of social media has brought on the era of the educated real estate consumer. These days, customers go online not only to look at property listings, but also to research your experience, qualifications, and attitude. If you handle it right, the trend could present … Continue reading 9 Ways to Get Glowing Online Reviews

One Good Reason To Retire To Honduras

“Here’s a reason to retire to Honduras,” writes Correspondent Michael Paladin: “No one over age 65 can be sent to prison…not for anything. “Here’s another: Obtaining retirement residency is a straightforward matter. Show proof of US$600 a month in income to qualify for the pensionista visa or US$1,000 a month in income to qualify for the rentista visa. “And here are some more: As a foreign retiree resident, you can own real estate free and clear; purchase up to a maximum of three-quarters of an acre, or 3,000 meters, of land; import a car and appliances duty-free; and live very … Continue reading One Good Reason To Retire To Honduras

Nicaragua … why not?

“Kathleen, you write much about Nicaragua as a possibility for retirement,” writes reader David M. from the United States. “I am in agreement for the most part. However, as opposed to Panama, about which you are very frank concerning the downsides, I have not read anything about the problems in Nicaragua. “Most prominent in my mind is the shortage of electricity. The country’s electrical system is a mess. Before the Sandinistas came to power, the electrical system was sold to a Spanish transnational. The last time I was in the country, there were random blackouts, unannounced and sometimes lasting many … Continue reading Nicaragua … why not?

Your Dream Country Home In Italy…From 11,000 Euro

It’s a common dream: Find a tumbledown farmhouse in Italy and renovate it into a dream country home. In some regions of Italy, Abruzzo, for example, the cost can be as tempting as the romantic notion. You can find stone house ruins in this part of the country for US$50,000 and less….sometimes much less. But then what? Unless your plan is to relocate straightaway and to live nearby…you’re faced with the challenges of a long-distance renovation. And, even if you are ready to up-sticks and camp out near your renovation project…are you prepared to become a general contractor overseeing a … Continue reading Your Dream Country Home In Italy…From 11,000 Euro

“This Was A 10! Great Event. Awesome Job By The Live and Invest Overseas Team!”

  World’s Top Three Retirement Havens PLUS: World’s Most User-Friendly Expat Haven…Expat Life In KL, City Of Contrasts…No Place Is Perfect…Can You Borrow To Buy Overseas?… “This Was A 10! Great Event. Awesome Job By The Live and Invest Overseas Team!” We missed you in Panama City for our Live & Invest in Panama Conference, but here’s your second chance to access all the insider and expert insights and information shared over the five intense days of this event. This is everything you need to know to plan for a new life, your retirement, a real estate investment, or a … Continue reading “This Was A 10! Great Event. Awesome Job By The Live and Invest Overseas Team!”

Borrowing to buy overseas … this is what you have to know

Nowhere in the world has it ever been as easy to borrow money to buy real estate as it has been in the United States of America over the past decade. You could borrow more than the cost of the property you were buying, even, with a fixed rate of interest and a nice, long repayment term. During this time, as a result, the easiest way for an American to source capital to purchase real estate anywhere in the world has been to borrow it at home. Pull equity out of his U.S. property. Or simply find some U.S.-based outfit … Continue reading Borrowing to buy overseas … this is what you have to know