From the Inside Flap
Give the current condition of the domestic real estate market, buying a second home in desirable vacation or retirement areas within the continental United States has become a difficult endeavor. That's why many people are turning to the other regions of the world—from Mexico and Canada to Central America, the Caribbean, and the Pacific Islands.
But if there's one problem with investing in properties abroad, it's uncertainty. One never knows when governments will change, if basic services will be available, if ownership rights can be protected, and how secure anyone's legal position is. For the serious second home buyer, there are a number of options to reduce these risks. Certain locations around the globe offer beauty and a measure of security, while others are, in fact, located on American-owned soil.
In Passport to Exotic Real Estate, real estate expert and travel writer Steve Bergsman offers detailed advice on the benefits and challenges of buying property in more than a dozen locations around the world, including U.S. territories such as American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands as well as places a little closer to home like Costa Rica, Panama, and the Canadian province of Newfoundland.
Though interviews with “locales” familiar with their real estate market—from developers, brokers, and agents to homeowners, resort operators, and attorneys—and firsthand stories of people who have gone through the buying process, Bergsman answers essential questions about each area, including: Are foreigners welcome? What visas are required? Can loans be secured? What are the tax implications? Are medical services nearby?
Chapter by chapter, you'll be taken on a virtual tour of various lands and discover the pros and cons of each one. Bergsman provides you with timely tips to take into consideration before making any commitments and shows you how to go about purchasing everything from condos and single-family homes to undeveloped land.
The prohibitive cost of desirable vacation and retirement areas within the continental United States, combined with the relative ease of modern travel, has made buying a second home abroad more attractive than ever. Read Passport to Exotic Real Estate and take the first step to securing an oasis of your own.
From the Back Cover
Praise for the PASSPORT TO EXOTIC REAL ESTATE
“The definitive guide to buying a second home in an exotic locale. Bergsman's book is a must-read for anyone looking to buy vacation real estate in the United States, Central America, Newfoundland, or the Islands of the Caribbean or Pacific. A historical perspective provided through interviews with local residents and real estate professionals, coupled with detailed discussion of the legal and financial issues related to buying property in each market, makes this how-to manual required reading for anyone considering the purchase of a second home.” —RICHARD SWERDLOW, FOUNDER AND CEO, CONDO.COM
“Steve Bergsman has taken the questions out of buying a retirement or second home when investing in exotic locations. His ‘ten things to know' about each market analyzed is a tremendous advantage to anyone buying a second home in Alaska, Hawaii, Puerto Rico, or many of the other markets researched in this book.” —DAVID BRECHER, PRESIDENT, TRUMP FINANCIAL
“As a travel journalist who has journeyed to some of the more exotic places on Earth, I am often asked, 'Wouldn't you like to have a vacation home in one or more of those places?' Visiting, even covering, faraway places didn't provide me with the necessary information to answer that question. Would that I had had Steve Bergman's wonderfully informative Passport to Exotic Real Estate.” —TONY TEDESCHI, FOUNDING EDITOR, NATURALTRAVELER.COM
“Steve Bergsman has written an informative and comprehensive profile of foreign real estate opportunities for the adventurous but rational second home buyer. For those looking for an alternative to property investment in the United States, this guide covers all the angles and is a plethora of worthwhile information and ideas.” —ALISA BENTZ AUTHOR, BOOK HAVEN REVIEW BLOG HTTP://NYSSANEALA .BLOGSPOT.COM