If you need assistance, please call 804-353-1250

Buying an Apartment Abroad

Monday, May 20, 2024   /   by Annie Junker

Buying an Apartment Abroad

Buying an Apartment Abroad
View this email in your browser

The latest news from The Chris Small Group...
Rather watch the video than read the post? Click the photo above!

Buying an Apartment in Italy
 

So how did I come to own a second home in Central Italy? It's easier than you might think!

When friends and clients find out that I own an apartment in the heart of the city, the first reaction is usually, "Wow, how did you do that?". Once I figured it out, it was pretty easy. I had looked on and off over a long period trying to figure out how to buy property abroad and then took a trip to Italy with a friend of mine. On that trip, we went to look at an apartment and after taking a tour I thought, "Well... this could potentially work." My friend then encouraged me by saying, "This is your town, you know people here, you've been coming here for years and it just makes sense to own a home here."

Having some positive reinforcement from a friend is always helpful, and later on in the trip she made the comment that hit me the most: "You don't want to wait until you're too old to do this." At the time I thought this was a bit harsh, but I later realized that this was probably the best advice anyone has ever given me and I really started thinking about it after we returned to Richmond.

Not long after, I received an email about another apartment, and about five days later I got on a plane back to Italy. I was confident heading back because I knew exactly where the money was coming from and how I was going to potentially buy this apartment if it was the right fit. Long story short - all the pieces just fell into place. I ended up touring about 18 apartments, and made an offer on one, but found out I didn't get that apartment.

About a month later, I toured more apartments, made another offer, and have owned my second home for about seven years now. I am very happy with it. I have used it for my own recreation and as an investment property, and it has done quite well. There are also some attractive tax benefits to owning a property abroad! Not only is all of this interesting, but it has been one of the most pleasant real estate experiences I have ever had - including renovating in a foreign country (which was really kind of fun!). 

If you have ever wondered about owning a home abroad, please reach out. I would be happy to guide you through the process. I also have connections in Central and Northern Italy that could help you accomplish your goals! 

Additionally, we have affiliations with an Italian real estate firm and short-term rental company if you want to try it out. I am also connected with networks that can broaden your search to other countries as well! 


804-350-0879 | chris@smallre.net | chrissmallgroup.com


*In 2023, 83% of our listings sold at or over the list price, and 61% sold OVER the list price!


-----

It is my responsibility as your REALTOR® to ensure that when others around you are lowering their expectations, this becomes the time for us to switch gears and discover how to leverage the market effectively to achieve your goals.

If you would like to know more about the current market, or if you have any general real estate questions, call or text me on my cell phone at 804-350-0879 or you can email me at chris@smallre.net.

If you are looking to begin a home search, visit my website to get started!

    UNDER CONTRACT ON THE FIRST DAY OF REVIEW AND FOR WELL OVER THE ASKING PRICE!
    3023 Hanover Avenue
    Museum District
     
    LEARN MORE
    UNDER CONTRACT FOR WELL OVER THE ASKING PRICE!
    12 North Crenshaw Avenue
    Museum District
     
    LEARN MORE
    Want to find out the value of your home? 
    Sign up here for our Auto Evaluation service and to stay up-to-date on your property!
    Additional resources
     
    We are select partners with REALM and Leverage Global Partners. What does this mean for you as our client? If you are looking to relocate or buy a second home in an entirely different city (or on a different continent!), Small and Associates has you covered. As a member of these exclusive networks, we work with other like-minded agents and to put you in touch with the right REALTOR® outside of the Central Virginia area. If you or someone you know has been considering a unique move, let us be your guide.
     
    To learn more, click the links below:
     
    In addition to being a partner to two exclusive global networks, I am a proud member of the Institute for Luxury Home Marketing and am a Certified Luxury Home Marketing Specialist. This means that I will market your property to the highest standards with access to the latest trends in the industry. I am the only Real Estate professional in the Central Virginia area with this designation!
    Are you interested in buying a second home but, aren't ready to fully commit to another property? As a part of our partnership with REALM, we can direct you to properties all over the world with Pacaso. Pacaso is Luxury Co-Ownership where you have the ability to  own a second house for 1/8 of the cost. Click here to learn more and to start shopping!
    Are you looking for your own slice of "La Dolce Vita"? Small and Associates has the connections to make it happen. We have personal contacts with firms in Italy and would be happy to help with your home search and make an introduction!
    Client Testimonial: Click the link below to hear from Laura and Nathan Kottkamp, clients of Chris Small. Thank you for your kind words! It's always been an honor to help you with your Real Estate goals.
    Client Feedback from Laura and Nathan Kottkamp.
    The Chris Small Group at Small and Associates
    At The Chris Small Group, we embrace today's dynamic Real Estate market with fresh and strategic approaches to deliver optimal results. Our mission is to craft customized marketing plans that align precisely with the current market landscape. We commit to delivering exceptional outcomes that resonate with trends and buyer preferences. With our unmatched understanding of market dynamics, we ensure our clients' homes stand out and captivate potential buyers. Trust our expertise to maximize your property's exposure and generate genuine interest. Choose The Chris Small Group and experience the transformative power of our innovative and market-savvy approach in today's evolving real estate landscape.
    A Story of a Sale: 3301 West Franklin Street
    Chris Small, Broker | Owner
    Luxury Real Estate Specialist

    804-350-0879 | chris@smallre.net
    chris.findahomerichmond.com
    Instagram
    Facebook
    Website
    YouTube
    Twitter
    Copyright © 2023 Small & Associates Real Estate, All rights reserved.
    You are receiving this email because you have provided your email to Small and Associates Real Estate, Inc.

    Our mailing address is:
    Small & Associates Real Estate, Inc.
    3103 Ellwood Avenue
    Richmond, VA 23221

    Want to change how you receive these emails?
    You can update your preferences or unsubscribe from this list.
     
    Copyright © *|CURRENT_YEAR|* *|LIST:COMPANY|*, All rights reserved.
    *|IFNOT:ARCHIVE_PAGE|* *|LIST:DESCRIPTION|*

    Our mailing address is:
    *|HTML:LIST_ADDRESS_HTML|* *|END:IF|*

    Want to change how you receive these emails?
    You can update your preferences or unsubscribe from this list.

    *|IF:REWARDS|* *|HTML:REWARDS|* *|END:IF|*
    Small & Associates Real Estate, Inc.
    3103 Ellwood Ave.
    Richmond, VA 23221
    804-353-1250

    Listings Last Updated: June 24, 2024 Feed Last Updated: June 24, 2024

    All or a portion of the multiple Listing information is provided by the Virginia MLS Cooperative, from a copyrighted compilation of Listings. All Virginia MLS Cooperative information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are © 2024 Virginia MLS Cooperative. All rights reserved.

    This site powered by CINC: www.cincpro.com