The current condition of the real estate market provides numerous issues for buyers including high mortgage interest rates but mostly for sellers (especially Non-Resident sellers), and, additional taxation for having property abroad, rejection of non-residential applicants, additional difficulties throughout the ownership transfer process between residents of different countries.
Additionally, many potential buyers do not qualify for any kind of bank financing for purchasing the property. Major banks usually have various policies and formulas that they use to qualify, or not qualify, a prospective borrower, which not always may be successfully passed by the potentially acceptable candidate. Another problem is faced by the troubled non-residential sellers who are obliged to pay out their mortgage, however, they want to sell the property, especially in the case when the market price of respective real estate has dropped.
We believe our specialty is helping to resolve these matters and assist all sides of the purchase deal to find the best solutions and receive all the necessary support from third parties participating in financing and providing legal advice. We also consider vendor financing, meaning that owners will accept continuous partial payments from clients for a certain amount of years, one the most popular option for those looking to acquire property overseas. For this reason, our platform will encourage sellers desiring to provide such type of lending to register and make the process for finding the right customer for their property listing easy and reliable.
Moreover, as our system will help increase real estate market volume and avoid empty houses, we strive for saving the planet and its beautiful nature for future generations to come. In our opinion, population density rise within the existing property will address the issue of climate change by keeping forests, rivers, fields with its habitats safe and untouched by construction companies not seeking for additional expansion of their building zones.