Ciudad, Bolivar, Venezuela
Property ID: #72930 // LAND
- TitleAvenida Perimetral
- Property TypeLand
- Additional TypesAgricultural
- Lot Size2,578 Acres
- Full Baths2.00
- Square Feet1,500
Beautiful 2,578 acres of agricultural land. Some of the harvest includes peanuts, which produced some of the highest yields this year. Currently being produced for export direct to China, is Mung Beans and Sesame Seed. The farm can also produce corn, cotton, soybeans, cattle swine, and fish. Included with this land is a home with 1,500sf, 3 bedrooms, 2 bathrooms, A/C, and a 2 car garage. The home has a large front porch and has ceramic tile flooring including the carport and porch. Also included are 6 additional properties for workers. Seller is willing to negotiate with any potential buyer for such items as furniture, tractors, trucks, machinery, etc. All irrigation equipment is included with the land sale. See documents tab for a full list of equipment. Half of the property is located inside the city limits of the state capital city, as well as located very close to the Orinoco Crude Oil Reserve. Altagracia has a large deposit of valuable granite in one area of the property. The granite of Venezuela is in much demand for its good quality and coloring. Seller financing is available to qualified buyers. Great investment opportunity, excellent potential for housing development, or business location for all your needs with employee housing at a great value!
The current owner is an American investor from Georgia who is selling because of retirement. He states that this is the best property that he owns and has the most potential in agriculture production because of the year-round tropical climate which for many years was used to produce hybrid corn & grain sorghum seed for planting. Has enormous potential for housing development because half of the property is located inside the City Limits of the State Capital City and on the North Side joins the worlds largest crude oil reserve, called The Orinoco Oil Reserve. The owner has all necessary contacts to aid a new owner in the transition and is willing to cooperate in this. The deed history is excellent and fee simple, this is hard to find in Venezuela.
- Buyer's Fee: 2% or $2,000, whichever is greater
- Earnest Money: 5% of the negotiated purchase price/successful high bid or $500, whichever is greater.
- Realtor®/Broker Participation: 1.75
- Brokers and Agents are fully protected and encouraged to participate.
- RealtyHive & Micoley.com, LLC are licensed auction firms performing auction and auction marketing services as part of this transaction.
As is true with any major purchase, you should thoroughly investigate your investment before you go through with a real estate transaction. Always do your homework. Although it may be tempting to purchase a property without taking time to dig into it, we do not recommend it. Here are a few suggestions:
- Read the contract in full.
- If possible, physically visit the property.
- If the property is a multi-family, acquire rental history, vacancy rates, etc.
- Know the area in which you are buying, so you know what to expect of that market.
- Consult a local broker.
Tips for Buying a Home
So you’ve decided to buy a home? Congrats, that’s great!
Here are some great tips to get you on your way to home ownership.
1. Determine Your Budget & SaveTake into account the average down-payment is 10%. 10% is not required, but the loan amount and approval will fluctuate depending on the percentage you put down. Determine how much you can pay for your monthly mortgage. Outline your expenses and be honest with yourself about what you can reasonably afford. Also, ask yourself what happens if you lose your job? Or if you’re part of a couple, what happens if your spouse loses their job?
2. Secure a LoanOnce you’ve got your budget in order, it’s time to go shopping for a loan. Visit multiple lenders to weigh your options and find the best deal. Each bank will determine if you are eligible and at what interest rate you will be charged. based on your financial situation. Make sure to ask questions such as what the breakdown of the monthly payments will be once you have made your down payment, how the loan term will affect your monthly payments, whether or not the interest rate is fixed or variable, if home insurance or any other services are included within the home purchase amount.
3. Be PreparedHave a current Pre-qualification letter and good faith deposit funds available. Technology makes it easier than ever for your real estate agent to draft and transmit a purchase offer back and forth for your signatures. But, this is only one piece of the puzzle. You also need a current pre-qualification letter, and ready access to your good faith deposit. This can be obtained from the bank and confirms their willingness to give you a loan. Most sellers won’t accept a letter that’s more than three months old. If your home search lasts for more than three months, you’ll need an updated pre-qualification letter. When you submit your offer, it must include a check for the good faith deposit. Generally, good faith is at least 3% of the purchase price. This check will be deposited into an escrow account within three days of an accepted offer.
4. Stay InformedAlways make sure to do your homework and learn the history on a property you are interested in. Does the neighborhood have a high crime rate or a new highway/major road being constructed nearby that could be affecting the price? Is the heating, plumbing, roofing and window work in good condition? Those hidden problems can lead to major expenses in the future - post purchase. Ask your realtor for a property condition report and and see if the home comes pre-inspected. If not, we highly recommended to get and inspection before the purchase is complete. Being “in-the-know” and taking the extra steps can save you money and headaches in the long run.
Other Auction Event Listings
Online Only Event/Auction:
February 27th 10:00am - 4:00pm CST
If interested, please contact a Local Agent. Online auction only.
Please contact your local lender