We are different for we are simple, blunt and honest.  We started as a buyer ourself so we had been on your shoes and we will keep our perspective as buyers. At the end of the day both seller and buyer have one same goal, that is to make a good profit. All information we give is accurate to the best of our knowledge.

Terms of payment for ZARA or CAROL Villa (valid till JUNE 2008 only)

Holding Deposit USD 10,000, upon signing agreement
1st Payment 30% of Purchase Price minus USD 10,000, within 30 days of the date of this agreement, at the Notary for the signing of the binding agreement and land purchase documentation
2nd Payment 30% of Purchase Price, upon construction being certified as 30% complete
3rd Payment 30% of Purchase Price, upon construction being certified as 75% complete
4th Payment (Final) 10% of Purchase Price, 30 days after  the villa being certified complete

OFFERS Procedures

We try to make this a 'New" standard in processing an offers in Bali. Instead of going back and forth in conversation, phone calls and emails (the way it is now) we would suggest Buyers to write down their offers, signed with name, address, phone number and either FAX it to us (+1 519 927 5077) or attached in email to us (admin@balihomesvillas.com) with their offer price. We will then get back to you with our counter offer at similar manners.

We found this not only saving our time but also give us more confidence in negotiating. We are very negotiable for SERIOUS OFFERS that presented in this way.  

GENERAL INFORMATION

Step 1: Purchase and Sale Agreement  (consulate an attorney)

The Seller and Buyer, or representative agent, go to a Notaris of their choice and enter into a purchase and sale agreement, (called a Akta Jual/Beli). This document lists the seller and buyer and terms of the sale, it’s nearly identical to a Purchase and Sales Agreement used in America real-estate transactions. A deposit to secure the transaction is paid at the Notaris, after the purchase and sale agreement are completed by the buyer and the seller, this deposit is usually 5 percent of the agreed upon sales price.

Step 2: Title Search  (consulate an attorney)

The public notary called a Notaris in Bali inspects the deed (Certificate). This document states the owner and gives a legal description of the property. The Notaris verifies that the property is not in a government-restricted area, performs a title search, surveys the property, and checks for any liens against the property. The entire process usually take 3-weeks at which time the Notaris will contact you with the final results.  

It is a common practice to declare the sale price of the property at a lesser price than the amount paid. This is for two purposes, first, keeping the sales tax low and second, trying to keep it less than the  $6,000 tax exempt status (sellers pay no sales tax for property valued under this amount).  Buyers must pay a 5 percent sales tax to the government, for any property they purchase in Bali. The Notaris collects this tax at the time of the sale, the buyer is provided with a copy of the tax bill.   

Step 3: Title Transfer  (consulate an attorney)

A Notaris in Bali does a lot more, and is granted far more responsibility than a Notary Public in the USA. A Notaris in Bali, and also in other countries, is a high-ranking official. In Bali, for example, only Notary Publics have the final authority in regards to any legal transactions. Whether it be buying property or making legal contracts, they do it all. Attorneys in Bali must use a notary to prepare the deed (Certificate) or any legal contracts between a buyer and seller.

The old title, all previous land documents, and the new tax form are presented to the Notary with a minimal fee. The Notary in turn takes all the appropriate data, including that of the new owner, and types up the new title with the new owner's name, the seller, a description of the property, the location of the property, any special terms that may apply, etc. These documents then go into the Chief Notary’s office for final approval.

Step 4: Transfer of Funds for Purchase   (consulate an attorney)

Once the Chief Notary has signed these documents, it is then and only then that funds transfer hands. Payment is usually in cash, wire transfers or direct deposit into the sellers designated account. If a third party is involved then any commission or service charge will be paid at the time of closing.

ZOLTAN Villa  $ 629,000

FREEHOLD

READY FOR VIEWING NOW !!!

FREEHOLD vS. LEASEHOLD

Freehold is a full status of ownership. Lease hold means: You are renting the property for 25 to 99 years period of time. Most lease goes between 20-25 years with optional extensions. The extention value/lease price will depend on the value of the property on the day of lease extention.

During the period of lease you can re-lease or sell your property to other people. even though the lease time value decreased year by year, the property value nevertheless keeps increasing with time. Annual property value increasement in Bali are 25% for this past 15 years. If the property is leased for 25, the value will increase by 500% or more. Therefore it is still making money and profitable for some foreigner investor. All of our villa projects are FREEHOLD tittle and a nominee will be arrange for foreign buyers because we want to give you the best and we believe owning a freehold is always better than leasehold (renting)