Research and Location

• Types of Villas: Define what you want: a traditional Balinese house, modern luxury villa, beachfront property, etc.
• Neighborhoods: Popular areas include Seminyak, Canggu, Uluwatu, Nusa Dua, and Ubud. Each has a distinct vibe and price range.
• Budget: Be realistic. Bali offers a wide range, but know your limits.
• Lifestyle: Do you want to be near beaches, nightlife, nature, or cultural attractions?
• Amenities: Pool, gym, staff, etc.

Finding an Agent

• Reputation: Check online reviews, ask for referrals.
• Experience: They should know local laws and market trends.
• Communication: You should feel comfortable and understood.

Viewing Properties

• Don't rush: Compare multiple options and understand their pros and cons.
• Ask questions: About the property, the lease agreement, and the landlord.

Making an Offer

• Negotiation: This is expected, and your agent can help.
• Preliminary Agreement: This outlines the basic terms and can be modified.
• Due Diligence: This is crucial!
  • Ownership: Verify the landlord's right to lease.
  • Debts: Check for unpaid taxes, mortgages, etc.
  • Zoning: Ensure the villa can be used for your intended purpose.

Notary and Fees

• Notary Fee: Approximately 1% of the property value, but always get a quote.
• Other Fees: May include registration, translation, and legal advice.
• Deposit: Typically 10%, payable to the notary's account.

Leasehold vs. Freehold

• Leasehold: The most common option for foreigners, giving you the right to use the property for a fixed term.
• Freehold: Foreigners cannot own freehold property in Indonesia.

Leasehold Extension

• Negotiate with Landlord: This is usually done before the current lease expires.
• New Lease Agreement: It will outline the new term, rent, and conditions.
• Registration: The new lease must be registered with the local authorities.
• Fees: Potential costs for registration and legal advice.

Determining Market Price for Leasehold Extension

• Property Location: Prime areas are more expensive.
• Property Condition: Well-maintained villas command higher prices.
• Lease Term: Longer terms usually have higher prices.
• Local Market: Consult with your agent and real estate professionals.

Off-Plan Projects

• Price Potential: Early purchase can offer lower prices, but they rise as construction progresses.
• Risk: Construction delays, changes in market conditions.
• Contract: Review the contract carefully, paying attention to payment schedules, completion dates, and your rights.

Additional Tips

• Legal Advice: Consult with a lawyer specializing in Indonesian property law, especially for leasehold agreements.
• Local Expertise: An experienced real estate agent can make a big difference in navigating the process.
• Due Diligence is Key: Don't rush, take your time to ensure you understand the terms and the property is as it is represented.
• Be Patient: The process can take time, especially for off-plan projects.

Remember: Buying property in a foreign country involves navigating unfamiliar laws and customs. Be thorough, seek advice, and enjoy the process of finding your dream Bali villa.