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Award Winning Agents Promoting Overseas Property using IDIP

Discussion in 'Buying Overseas Property' started by nickmarr, Sep 18, 2007.

  1. nickmarr

    nickmarr New Member

    Hunters Property Group whose credentials include winning the prestigious Sunday Times SME top 100 companies to work for awards is one of the first UK estate agencies to adopt International Developers Information Packs or IDIP. Hunters Property Group will now have all off plan overseas developments that they promote undergo the legal health checks before they reach their clients.

    IDIP was set up as a safe guard for the overseas buyer investing in off plan property abroad. Networks of specialist lawyers around the world aim to take the worry out of buying a property overseas. It allows buyers to see what the state of the developer and development is before you make that decision to buy.

    The IDIP has caused much debate within a largely unregulated industry. The Overseas property industry magazine Overseas Property Professional (OPP) reported a flurry of activity by various trade associations and legal firms after the successful launch of due diligence products .OPP started a debate within the industry concerning due diligence and whether it needs such a product.


    All aspects of the market are now looking to adopt this product as standard procedure within the industry, from members of the general public through to developers; this product has without doubt been a welcome addition to the overseas property market. Can you imagine before IDIP conducting due diligence on a developer in Mexico from the UK it would have been daunting to say the least”

    IDIPs are conducted across the world making buying off plan properties abroad much easier. Real estate agents are ordering reports on developers from a far and wide including countries such as Thailand, Morocco, Turkey, Bulgaria, Malaysia, Brazil, Cyprus, Italy and many more

    Not only are agents and consumers keen to own an IDIP, developers are now getting on board. In such a competitive market, developers see the benefit of standing out from the crowd. Financial institutions are now looking at how to integrate the IDIP into their organisations for the future.

    The Unique thing about IDIP is that investors can check out a developer before they pay deposits etc. I can see the day when developers will want to have transparent due diligence undertaken as part of their marketing reducing the need for consumers and agents. Until that day this is great way to feel confident about a potential investment in off plan property overseas.

    This product is managed by Live Organisation an appointed representative of First Title Insurance plc which is authorised and regulated by the Financial Services Authority. First Title Group is a wholly owned subsidiary of The First American Corporation, they not only have the backing of the world's largest provider of business information, but over 115 years experience in property matters.



    The lawyers conducting IDIP are carefully vetted to ensure they have:

    Knowledge of the local market
    Extensive conveyancing experience
    Excellent client references
    Competitive rates
    A personal approach backed up with high customer service standards
    A UK presence
    Online tracking service technology




    More info at Homesgofast
     
    Last edited: Sep 18, 2007
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