These Argentines are following that are selling at the bottom and buying at the high in Miami or anywhere in the USA. This is a horrible time to purchase in the USA now. This is an excellent time to buy real estate in Buenos Aires. We were the largest buyers of residential real estate in Buenos Aires after the corralito when prices crashed.
i was just in Tampa a month; you guys' population went crazy! i saw homes for sale all over, crazy prices, moving containers/PODS all over some areas. and how shitty N Nebraska area is with all the gangsters, druggies, drunks, etc. - good on you getting out, and hope you made good equity on your intra-family sale!
well, i just sold my house, and i put a price of -6% if the Buyer didn't use a realtor (but USA FSBO is basically non-existent, so no one showed my house), and normal price for you using a realtor. so, like import tariffs, "China" isn't paying extra %, they just put the price higher. much like property taxes aren't "paid" by Landlords...the renters pay it
because he's an Expat, and paying rent makes no sense when you can own? the entire premise of this forum is people wanting to get info on living in BsAs all or part of the year, and the creator has been investing properties and living here for 2 decades. kind of a weird question
i've hosted airbnb for 5 years, and stayed in dozens of cities around the world, and 99% of this is prevented with reading (and leaving) reviews.
Yes we have lived there all our lives and everyone is moving there. It got crazy during COVID with many from NYC moving down. We had many offers to purchase our house. Unsolicited offers for over $2.5 million. Oh you were in a bad area. Our home is in Parkland Estates where it is very nice. Tampa has very nice parts and very bad parts. What were you doing in that area?! That is not a nice area!i was just in Tampa a month; you guys' population went crazy! i saw homes for sale all over, crazy prices, moving containers/PODS all over some areas. and how shitty N Nebraska area is with all the gangsters, druggies, drunks, etc. - good on you getting out, and hope you made good equity on your intra-family sale!
well, i just sold my house, and i put a price of -6% if the Buyer didn't use a realtor (but USA FSBO is basically non-existent, so no one showed my house), and normal price for you using a realtor. so, like import tariffs, "China" isn't paying extra %, they just put the price higher. much like property taxes aren't "paid" by Landlords...the renters pay it
bruh, 'professionals' in Argentina are like 90% horrible. they want to text on WhatsApp like high-school kids instead of email, they never respond to multiple questions so i just write one at a time and don't allow them to go past until i get an answer, and it's been really hard to find anyone who can follow basic competencies that people around the world have figured-out...i'm not a crazy Swiss that freaks-out if you're 1 second late, but living in Thailand, Mexico, eastrn Europe, Germany, UK, etc. i have never seen this level of JV crap (from restaurant service to realtors to gym owners to any businesses).
when you find a good worker, save their contact info and keep them close!
the lack of common-sense from half of the businesses here, leads me to believe many Argentines haven't traveled much...can't blame them, since their currency has been so unstable. i really think some perspective would change the economy here, but that's hopefully what a ton of foreign businesses and Expats will do: offer competition and provide a higher standard of service, from realtors to restaurant servers.
wow, huge, 200 m2 (covered plus uncovered) is 2,153 sqft, nice! that place is super cool, ideally it would be the top floor (not sure if the 8th floor is the top). i like the Star Wars art on the balcony
hopefully the noise from Av Libertador isn't bad from the glass (that's a huge road, i just walked it today)Yes we are looking at larger places. We have adult kids and we want a place big enough to fit all of us when they visit. Prices are all over the place. Plus on that one we would need to renovate it. I don't think there is a hard and fast rule on price per m2. We have seen prices all over the place. Plus, our realtor told us that garage spaces are worth about $25k to $30k @. So you have to factor that also into it.wow, huge, 200 m2 (covered plus uncovered) is 2,153 sqft, nice! that place is super cool, ideally it would be the top floor (not sure if the 8th floor is the top). i like the Star Wars art on the balcony
with 2 parking spots, crazy. 1078 Av Libertador means it is in Recoleta, so according to earlyretirement's map https://www.google.com/maps/d/u/0/viewer?mid=1FHjPIF_NkpXCDC3vij_b70mQmoJTqBXK&femb=1&ll=-34.60718246434608,-58.44042844516366&z=11
...it should be roughly $402,600 USD (200 m2 x $2,013), so just based on the price shown on ReMax, it is overpriced $57,300 or 14.32% (but is it furnished? lots of variables).
but notice if your scroll down, it clarifies cubierta/covered size is only 165 m2, so based on 2,103 it would be worth $332,145 USD or it would be 27.78% overpriced (i might be misunderstanding earlyretirement's map prices).
luckily, there are a few BsAs veterans here who have done what you're doing (not me), so you're in good hands here
www.remax.com.ar
www.remax.com.ar
All of those real estate websites are horrible. I started using ReMax and theirs is better than most but doesn't have all the listings. I mostly use ZonaProp but they have double or triple listings of some properties. I like that new construction but it's not big enough. We need 200 m2 size total. We are just going to wait until February when most locals are back from vacation. Our realtor is very good but he said that locals are flaky during the holidays and many don't show during December and January. Wierd.
Are you using your own broker to contact properties you're interested in, or the listings directly?? If it's the latter, sellers may not take you seriously as there could be complications once you do use your own broker. If you do purchase a house that wasn't found on behalf of your broker, they may not receive their share of the commission.
Hello @FuturoBA. Yes we are using our own broker recommended by a dear friend of ours from Tampa that used this broker. He is very good. How we do it is he sends me listings based on the criteria we gave him. Also, we will send him listings we see that look good and he will schedule them with the sellers broker. We started down the direct route to the listings on ZonaProp but it was clear the brokers were working for their seller clients and also charging us a commission. They had no incentive to lower the price so that is when we found a broker.
it's been mild! any updates? it's gonna be almost 100F on the 7th, but then looks like weather is perfect in BsAs: https://www.accuweather.com/en/ar/buenos-aires/7894/march-weather/7894?year=2024
ah sh*t, that's gotta happen quick! i would just eat the cost, and pay a professional like @BuySellBA to make it happen on time.
exit-scams and overall distrust/bad service in BsAs, agreed. keep us updated!
I have been looking at the weather and it does not look too bad. We have had our broker go to a few listings but it has been annoying during January some properties listed the owners wouldn't allow ANY showings as they were on vacation. Seems strange to me. Our broker has done some video walk through videos but a few that we want to see the owners aren't back from vacation until middle of February. Is this normal for people to be gone all of January and half of February? Must be nice to get such long vacations!
the middle/upper classes, especially professionals like lawyers and anyone in government - yes! basically after Xmas until the middle/end of Feb. and people act like everyone in Argentina is poor...nope! there are a ton of wealthy people here, laying low.
We are still absolutely shocked that people selling their property wouldn't allow their broker to show it while they are out of town. This seems bizarre to us. I agree with you about working with good people. I am working with the realtor that Buysellba recommended and we are very happy with him. We have already spoken to the lawyer they recommended and she is very professional. We both agree with you that it does not make sense to try to do this alone. We paid a small fee for the initial consultation and are now in contact with a good realtor that speaks English, a great lawyer that speaks English that will handle our future purchase and get our tax ID #s and an accountant that will do our taxes. She also speaks English. All of these contacts were provided to us by Buysellba during our consultation.
Thank you @StatusNomadicus for the kind words and for mentioning our firm. We are very proud to have helped hundreds of non-resident foreigners safely purchase and sell real estate in Buenos Aires since 2002. You must be extremely careful in Buenos Aires buying real estate. There are really no room for errors as there is mostly no recourse after you pay 100% cash for a property. It is absolutely essential that you use ethical and knowledgeable realtors, lawyers, Escribanos, financial institutions, and accountants who know what they are doing.
It was a true pleasure speaking to you. Many things are very bizarre with the real estate market in Argentina vs. first-world countries. We work with a trusted team of proven professionals who have worked with non-resident foreigners for 20+ years. Our main priority is that people are safely buying real estate and that everything goes smoothly during the transaction.
This is great advice @FuturoBA! I was contacting some listings and it is crazy but some never responded back at all. I am convinced that half the listings on Zonaprop are fake otherwise why wouldn't they respond? I don't speak Spanish but was using Google translate and no one would get back to me. But once I found a realtor that set up the appointments, the success rate in seeing listings was better.
