In Economics & Finance, Property Market

Property should fit your life

With our whole-of-life approach to buyer agency, we help clients find ways to fit their property into their, much more important, overall life and plans.

Ideally then, it becomes a vehicle to help them toward their goals and aspirations.

In the current slow property market, for those who know where they are going, there are likely to be some very good opportunities to buy well-priced property. And perhaps at the same time help an owner who has got out of their depth financially & needs help to move on.

If you have hopes, dreams and aspirations, but the property aspects are just not coming together, maybe we can help.

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  • Yongama
    Reply

    What your asking is farliy complicated. The European Union, as well, requires member states to follow certain banking guidelines that make what you’re asking more difficult (for obvious reasons). In any EU member state you would need to show proof of legal residence in said country before they would allow you to open an account, and the most important part is you would have to do this in person you could not do it over the phone.The only viable country in Europe for what you are describing is Switzerland (specifically in Zurich), however, Switzerland does not belong to the EU and does not use the Euro. You can even open a bank account over the phone, but you would need an initial deposit of over $50,000 to do so (they don’t waste their time with small accounts). Otherwise you would need to open the account in person. Then there is the issue of transferring the money from Europe to the United States. Virtually any bank in Europe would require you to transfer the money by wire (or electronically) to the United States. Fees vary among the various European countries, but, on average a single international wire transfer would cost you anywhere from $45 to $100. Then there’s also the issue of whether or not they would allow you to execute such a transfer over the phone (some will, but the majority won’t). And, most likely, there would additional fees related the exchange of currency in transferring money from Europe to the United States, so you’d lose money there as well. All in all, while it may sound like a good idea, but unless you’re willing to lose 25-35% of your capital in the process its not worth it. Not to mention the added complication and work it would require just to manage such an account from the United States. My advice would be “its not worth it.” +1Was this answer helpful?

    • Michael
      Reply

      Thanks for the feedback.
      It may not be immediately obvious from the post, but we are operating in Adelaide in Australia, which is not the United States in many ways, though there are some similarities. In other ways Australia is more like Europe than the US.
      I’m trying to get people to think more ‘holistically’ about property, and use it as a means toward the more important agendas of their lives. Hope that’s coming across.

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