A Crucial Step in Bali Real Estate Purchases

Verifying that the person selling you their land has the right to do so is one of the most difficult things about purchasing real estate in Bali. It is crucial that the seller gives you a comprehensive list of ownership certificates so that your due diligence team can check them with the National Land Institution (BPN). You should look elsewhere if the seller is reluctant to provide this information as it is a serious red flag.

Ownership certificates can give rise to a number of potential problems, including complex inheritance disputes and the requirement for both spouses to approve the sale. Verifying if there are any unpaid taxes, such as unpaid property taxes, is also crucial. 

After completing your due diligence on the land, the most challenging aspect of building a villa in Bali is over. You can now proceed to the project’s more pleasurable parts.

Selecting a Bali Regency for Your Dream Villa 

Securing the land on which to build a villa in Bali is the first step in the construction process. It can be useful to look into the areas where other foreign investors are buying real estate if you are unsure which one to pick. According to the quantity of foreign investments, the following Bali regencies are well-liked:

1. Canggu 
2. Uluwatu 
3. Ubud

The Procedure for Buying Property in Bali 

1. Making a Down Payment: It’s normal for sellers to request a down payment from you in order to demonstrate your financial stability and commitment to the deal, as well as to show that you have the resources to move forward with the purchase of land. If due diligence proves fruitless, this down payment will be released from escrow and refunded.
2. Selecting a Notary: It is advised that you select the notary who will manage the land purchase’s legal aspects, not the seller. It is crucial to remember that notaries only cover certain areas, so if you are purchasing real estate in several places, you might need to work with more than one notary.
3. Designating a Buyer Representative: It is customary to designate a buyer representative to take care of these duties on your behalf if you don’t live in Bali or don’t have the time or language proficiency to attend meetings with the notary.