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Originally Posted by JMBroad
That's where we differ in opinion... I don't think trusting a friend or family in Brasil who have no knowledge of real estate should be used to negotiate a property investment in any country, especially Brasil.
I do agree that you should get someone competent in the real estate field to help you with your investment but I don't agree with the idea that someone is more or less competent because of where they are located.
They should be evaluated based on their knowledge of the legal system and of the market, how much care they take on behalf of their clients before, during and after the purchasing process and their track record. The choice should not be based on their residential address. All of the arguments being given to support the theory that Brazil is a dangerous place to invest (no extradition, etc) only supports my personal opinion.
Find someone who you trust but who you can also "hold accountable" nearer to where you live who to negotiate the deals on your behalf, based on their knowledge of the market and legal system. It is easier to verify the reputation and qualifications of a company in your own country or region than it is to verify the reputation, qualifications and existence of someone in Brasil.
Basically what I'm saying is why "trust" someone who you don't know in a foreign country. You can't. Trust yourself after doing thorough checks on the people you chose to represent you.
However, I agree with Ralph that finding the right person to represent you, either in Brasil, Europe, US or Timbuctoo (depending on where you live) is the hard part.
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Well, that's where we'll have to differ. When one buys a property or makes an investment in Brazil he needs to be dealing with people, or businesses, that are legally responsible in Brazil. The problems that the numerous english that I have met is/was exactly this. They purchased a property in Brazil yet paid an agent that was not located in Brazil. Hence when the problems arose where does one go to get a legal solution, if/when necessary? To the courts in Europe? The investment is in Brazil, the property is in Brazil. In Brazil? The money was paid in Europe. Also, when one has to go and do all the bureaucracy needed to register a property, pay taxes on the property, etc. Who helps them with that? It needs to be done here, in Brazil, at the local cartorios, city hall, etc. And one should have someone here on the ground that is "on their side" helping them to ensure that everything is on the "up and up". Trusting Brazilian documents that one sees in Europe or any other place is something that I would have a difficult time doing. I, personally, would be confirming these documents through the legal brazilian entities responsible myself.
JM, from what I've heard you are a reputable person and work for a reputable company. I don't doubt that. And moreso I'm not saying that people can't use a company in one country to invest in another. But what I am saying is that people should also have an independant lawyer or another qualified person, at least one that is familiar with the procedures involved with the situation at hand that is
on the ground in the place where the investment is taking place.
And I didn't say to trust someone that has "no knowledge of real estate". I said;
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You really need someone here on the ground that can be trusted and is competent in said area.
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