Quote:
Originally Posted by toupeira
Hi Paul at last I am getting some commonsense answers to my general questioning for what I think are the basic "what to do and not what to do" re investment in Brazil" by people who are actually there. The question of "Crows" nice term that for scam merchants. it is really very difficult for people who are contemplating investing in Brazil but for some reason feel more comfortable having a European based agent for various reasons, to differentiate the good from the bad. I have no doubt that there are genuine ones about but finding them are quite difficult, unless you are moving into the really top end of the market and can recognize the established, named companies. I have noticed that since I started my threads on this forum that a lot of the contributors who were singing the praises of certain developments have not been able to answer the most basic of questions concerning their investment. regards T.
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Hi Toupeira,
I hear what you are saying about moving into the top end of the market with recognised big named real estate companies, but in my experience with Brazil, some of them have actually been the worst! Best that I dont mention names live on the net, as it has caused problems before to the forum owner, but certain ones with various offices around europe who sell in many different countries (trick of all trades, master in none!) I wouldnt touch with a barge pole.
I know of a couple of cases where big companies have been involved in scams (although probably unknownly) because they didnt really know what they were doing. Many of these companies sales reps are in their job because they are good at the fast talk and putting hype and the rush sell in front of you. Try asking them what should be logical obvious questions about what they are trying sell and you will soon see that your 'investment advisor' on the phone does not come up to much, then would maybe admit that Brazil is not in there field of expertise, lol, or would say that they will find out and call you back, but then never hear from them again as you will be noted as a tricky customer! I remember a while back for example a sales rep for a very large international company (who even have a tv show on sky), tried to sell me a offplan saying it was in Natal, I replied saying in the city it cant be what town in Rio Grande do Norte is it in or very near?, she didnt know and just kept pushing in Natal or very near, and near big new airport coming soon. I later found out this development was 30 mins SOUTH of Joao PESSOA! lol so about 3 hrs away. Another fast talker from a large company trying to sell something in Paraiba tried to convince me that the airport in Joao Pessoa had many internation flights from Europe!
My point is find the correct questions to ask, make sure you are dealing with knowlegable people and with local knowledge of the areas in question. In my opinion and experience I think you ll have a much better chance with a company who is at least dedicated to the area and preferably one that is actually local to that area, as Golfingworld once said on here that stuck in my mind, if you were to buy a house in Brighton would you go to Manchester to find an estate agent!
Regards
Paul