With economy rising at an impressive pace and increasing middle-class presence in Indonesia, there are thousands and millions of homebuyers, building and office space buyers currently seeking for the perfect spot. As a result, Indonesia’s real estate property sector presents enormous business opportunities for investors to dive into — only if you know how and it is best done with a property agent in Indonesia.
Over the past few years, there has been an excessive price growth in the property market, and many investors have struggled when looking for the best property to invest in, as well as a property that offers the best value considering their capital.
Your time, money and best interest can all be accommodated of by property agents when it comes to reaping their benefits.
In this article, you will get to know all about the functions and advantages of real estate agents that can help you discover more property potential in Indonesia.
Functions of a Property Agent
Preparing the Process
On a business as usual scenario, investors will undergo a lengthy process before putting down an offer on a property. This process includes securing a loan and complying with all rules and regulations in Indonesia.
A property agent can assist you to get the process started by keeping investors informed of tasks that must be done. In addition, they can liaise with resources and banks on investors’ behalf.
Representing the Investors
An agent can serve as your representative to schedule meetings with banks and authorities, as well as property owners for viewing.
Advantages of Hiring a Real Estate Agent
Here are some of the advantages of hiring an Indonesian property agent for this major financial undertaking:
- You can understand the purchasing process easily as the agent will explain the entire transaction to you.
- An agent will be able to point out any hidden faults and negative features that you might not take notice at the property. A trustworthy agent is trained and has loads of experience to do that.
- They will be able to negotiate better sales contract terms and ensure that your property is priced correctly.
- You will also be provided with a list of well-qualified service providers that these agents have cooperated with before, such as notary, plumbers, inspectors, painters and other contractors.
Why You Need Them
Indonesian law used to give foreigners a very limited opportunity to own property. However, with the new requirements and procedures, it has become much easier.
The revised law has become investor-friendly that now foreigners can own property legally in Indonesia for up to 80 years, falling under the Hak Pakai, also known as Right of Use category. Besides, Indonesian law technically allows foreigners to have ownership of strata condominium titles. Prices also vary across regions such as Jakarta, Bali, Lombok where foreigners tend to seek tourism based opportunities and properties for leisure purposes.
In conclusion, an agent is a kind of assistance and guidance that can be invaluable to the success of your property purchase in Indonesia.
Cekindo as Your Property Agent in Indonesia
In making these important decisions for buying your real estate or property for investment, you should not skip using a property agent. The reason is simple — purchasing a property is one of the most expensive and long-term investments that you could make. Thorough inspection and validation from a property agent will increase your chances of securing your dream property.
Cekindo can serve as your property agent to check the ownership and assist you during the transaction process. Contact us today to increase your success in the property industry. Also, we will be happy to meet you directly at our offices in Jakarta, Semarang, and Bali.