How we helpbuyers in Bali
From start to sign, Bali Treasure Properties simplifies the process of buying property in Bali. We offer exclusive access to the island's premier villas, luxury developments, prime plots, and more – all nestled in Bali's most desirable locations. Our process is streamlined and comprehensive, managing every detail from making offers to handling legal complexities. Our experienced agents are committed to understanding your needs and delivering a curated selection of properties that perfectly match your goals. Whether you’re seeking a dream home or an investment opportunity, our team provides transparent guidance on the most selective listings that Bali has to offer. Turn your Bali property dreams into reality. Our personalized service makes it easy.
BuyingProcess
AdditionalService
Property Appraisal
- Expert Evaluation: Get key insights into your property's true value.
- Market Insight: Benefit from our insider advice on Bali's real estate market and specific property values.
- Property Comparisons: See how similar properties have performed and explore recent sales trends in the area.
Notaries and Lawyers
- Notaries: We’ll connect you with trusted neutral parties who oversee document signing, verify identities, and ensure legal compliance for a seamless property transfer.
- Lawyers: Our network includes experienced legal experts who provide advice, negotiate contracts, and conduct due diligence to identify potential issues.
Property Insurance
- Safeguard Against Damage: Protect yourself from financial loss due to property damage.
- Mitigate Liability Risks: Ensure you're covered for injuries that may occur on your property.
- Plan for the Unexpected: Secure coverage for additional living expenses if your home becomes uninhabitable.
- Customized Coverage: Explore optional add-on coverage for valuable possessions, flood damage, and more.
Land Survey And Soil Test
- Verify Land Boundaries: We help ensure you buy the exact plot you expect.
- Assess Soil Composition: Uncover your property's soil type and composition. Understand how it impacts your future home’s foundation.
- Identify Potential Risks: Assess and mitigate risks, such as drainage issues.
Tailored Development Advice
- Define Goals: Considering a property that needs work or a rental property? We'll help you decide which aligns best with your objectives.
- Budgeting: Factor in closing costs, legal fees, potential repairs, and ongoing maintenance.
- Insider Insight: Tap into our market insights on development plans, amenities, and commute times.
- Collaborate with Experts: Work with our trusted network for a seamless transaction from start to finish.
Expert Investment Advice
- Insider Insight: Dive into trends, property values, and ownership costs in Bali's hottest regions.
- Define Goals: We'll help you strategize the most sustainable option that aligns with your objectives.
- Secure Financing: Get pre-approved for a mortgage and calculate all costs, including taxes and maintenance.
- Due Diligence: Verify titles, licenses, and legal structures with our team's support.
Frequently AskedQuestions
1. What is the difference between leasehold and freehold?
Leasehold refers to renting a property out directly from a landlord or a leaseholder for a certain period of time, typically between 25 and 30 years, with the option to renew the lease for an additional 25 or 30 years.
A leasehold property may be owned by a foreigner without a visa. The highest land title available in Indonesia is freehold, which gives the owner a permanent ownership on the property.
However, only Indonesian citizens or foreign corporations may possess freehold titles, in this case, the HGB (Hak Guna Bangunan) title.
2. Can I legally lease a villa as a foreigner?
Yes, you can. Even for leasehold property, Bali Treasure Properties will always guide you to a legal real estate transaction.
Every document that is required to protect your rights as a landowner and a leaseholder can be legalized with the assistance of a licensed notary.
3. Do I need to obtain a certain visa to buy a leasehold property?
No, you do not need a specific visa to purchase a leasehold property.
You only need a copy of your passport and the details for the leasehold agreement deed, including any appointed heirs.
A working visa is only necessary if you intend to work and earn money in Indonesia, which is a separate matter.
4. What happens if my lease expires?
At the end of the lease period, the land and any permanent building structures on it will revert to the landowner's legal ownership. However, you can keep all inventory and moveable items in the villa.
However, in most instances, you will have the option to extend your lease period before it expires. Ideally, you will want to extend your lease period before you get below the 20 year mark.
5. What is the next step after we find a deal with the seller?
Bali Treasure Properties will ensure you are guided through the process of finding your new home.
We will assist you through every step of closing the deal with the property owner. The next step is to sign the Sale & Purchase Agreement, which has been approved by both parties and is beneficial to both.
Once the due diligence outcome is clear, the seller will receive the deposit payment. The buyer can then proceed with the balance payment and arrange for the lease agreement deed to be signed in front of a public notary.
6. Should I send a construction surveyor before signing anything?
You can but you don’t have to. Contact us if you need a reliable evaluator for the building structure.
7. We have secured a deal with the seller. Can I later extend the lease up to 99 years lease with the landowner?
Yes, you can. An initial 25-year lease can be renewed for up to an additional 70 years.
8. What fees do I have to pay when purchasing a property?
As the buyer of a leasehold property, you only pay the closing notary fee, which is usually 1% of the transaction volume. The seller covers our agency fees and any lease income tax.
As the new leasehold owner, you will be responsible for paying all ongoing monthly expenses related to the property after the handover.
9. Should I appoint a lawyer or notary, or both of them, for the due diligence? Do you have a recommendation?
As a buyer, you may appoint either a lawyer, a notary, or both for the due diligence process.
Bali Treasure Properties has extensive experience working with reputable notaries in the Canggu area and can provide recommendations if needed.
For a successful transaction, transparent communication and clarity about your buying terms and conditions are crucial.
10. What are they checking on due diligence?
The due diligence check includes reviewing the land certificate to ensure :
- The property is not mortgaged
- Checking land and building taxes, examining the building permit
- Assessing the zone, checking road access
- Verifying the validity of all related legal documents through notarial verification
11. How long does it take to run a due diligence?
Typically, due diligence takes 14 to 30 working days. The duration depends on the complexity of the property's history.
It will also speed up the process if the documents are complete when they are first checked.
12. How long does it take to get my land certificate (SHM/SHGB) after we sign the AJB?
After signing the AJB, it typically takes 14 working days to complete and issue the land certificate in your name.
13. How many names can I put on the leasehold agreement?
The leasehold agreement can have as many names as you like, but this must be agreed upon by the property owner.
14. Should I put my name or my company on the leasehold agreement?
If you prefer to list your business name on the lease agreement, you can do so without issue.
15. In buying a freehold, I don’t have a company nor an Indonesian spouse. Can I use my local friend’s name as my nominee?
Using a local friend's name as a nominee for purchasing a freehold property in Indonesia is no longer advisable.
The safest approach is to create a limited liability company in Indonesia and obtain the Hak Guna Bangunan certificate in your company's name.
16. I can’t attend the notarial signing, what should I do?
You must designate someone to sign the notarial deed on your behalf by presenting a set of signed power of attorney and submitting it to the public notary at the time of signing.