Modern Paraguayan Homes Under $134k - Virtual Tours in Villa Elisa, PY
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- Опубліковано 9 лип 2024
- 00:00 Villa Elisa, Paraguay
01:56 House #1 $116k
09:35 House #2 $134k
20:05 House #3 $122k
31:57 My Final Thoughts
**View updated purchasing/financing specifics below**
Join me during 3 walk-throughs of beautiful minimalist-style modern homes in Villa Elisa, Paraguay. The city of Villa Elisa is just 10 miles south of downtown Asunción in the metropolitan area. These are wonderful options for those who are living in high cost-of-living countries who can no longer afford homes where you live. With completing the process of obtaining Paraguayan residency, you could have the ability to finance a home as well. Also, you don't need to be a resident to invest in properties in Paraguay, but you will need residency to obviously reside in the home long-term.
NEW NOTE: As of now, March 21, 2024, House #3 NOT sold (originally I thought it was). And just an FYI, if any of these sell, but if you love the style of any of these, you could purchase land in your preferred area, and the Re-Max agent will help get you set up to build one of these styles, or another preferred home. I was told these homes can be built within 3 months.
Watch the video for more details, and for SERIOUS INQUIRIES, feel free to email me (info below). And I can pass you the agent's Whats App info (Agent is Spanish-speaking).
Please like, subscribe and share! :)
Follow me on social media:
IG: @MyBestLifeParaguay
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E-mail me at mybestlifeparaguay@gmail.com
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Purchasing/Financing specifics - The "seña" and general process:
The best way to think of the seña is it's a good-faith payment to the seller that reserves the property so nobody can outbid you and which allows you up to (normally) a month for you to secure financing with a bank in Paraguay. Depending on the owner, the seña payment can allow you to reserve the property for up to 90+ days. In English, this is the Earnest Payment that the seller can keep if you (the buyer) doesn't follow through with the purchase. Make sure you get a legitimate receipt, and even consult a lawyer and your accountant (if you have one) before giving up any money for the seña.
As far as financing and paying the down payment to the bank, the down payment varies generally from 20-30%. I believe all these houses can be financed via Itaú bank - a regional bank in Paraguay (and Brazil) along with several other banks. Itaú Bank specifically states on their website that it finances up to 80%, meaning that (in best case scenario) you'd need to come with the down payment of 20% (minimum). So, say you buy a house for $100,000 USD - the seña is ~$4,000 USD, then you finance the rest of the $96,000 USD, and 20% of the $96k is $19,200 (NOTE: We're assuming that the final purchasing price is the appraised value/price given by the appraiser). So, you'd owe $19,200 + $4,000 within the first month(s) equaling = $23,200 USD... which is the true out-of-pocket cost you'd take on before your monthly payments begin to the bank.
There most likely will be other smaller fees that you (the buyer) and/or the seller take on that may already be included in the final price of the house - but check on those as well, before you sign anything or pay and money.
Personal Advice: PLEASE consult an agent, a lawyer, and even an accountant before pursuing a house in PY. I will do my best to give the info possible to the best of my knowledge, but consulting professionals is always a great option, and even necessary in foreign countries. If I am incorrect about any of this info, I will keep updating the info in the description of this video (Last updated March 12, 2024).
LASTLY, as I continue to market houses to all, you can count on me being just as transparent as I am being with you all now. I want you all to live your best lives if you choose Paraguay as your home!
Paraguay is underrated.
I have waiting for videos on paraguay like forever, a potential migrant from singapore ,salud❤❤
Good to have you here! Singapore is stunningly beautiful of what I’ve seen through travel videos. Would love to visit one day!
this is dope. great job, great presentation, hope i can come out there
Most definitely!
Thanks for sharing your content. Theres not exactly lots Paraguayan property videos like this. Im very interested to see more pleeeeeeeese.😊
You're welcome! And I'll be doing this more again - but beginning in July. Including rental properties as well.
@MyBestLifeParaguay Thank you for your reply. May I kindly make a suggestion? Please be aware of strafing left and right in your videos. They almost make you dizzy watching the image move left and right. Hahaha. Nice and slow "n" steady would give viewers time to absorb what they are watching. Hope I'm not being too critical. We truly enjoyed your content. Thank you for sharing.
@@penfold357007 I appreciate the suggestion(s), and no worries! I appreciate the constructive criticism. It was the very first thing I thought about once I watched it back as well. I'll be sure to slow it down a little bit going forward here. Overall I appreciate you watching the long video! Stay tuned for more content. Take care!
Great content! Would love a similar video on more rural houses
Definitely, more to come!
House #3 definitely 👌🏽👌🏽 great video man! Im working on my residency right now, excited to see properties in the near future.
Making great moves my friend! That's what I like to hear. And yess, team house #3. I was wondering if I was the only one preferring #3 over #2 (as most people prefer). And actually, I was just told that house #3 isn't sold yet, so feel free to go for it if you wish!
Hope you make more videos
Yup #3 was my fav. I'd have it rebuilt with same size but two bed two bath.
Very much agree! Thanks for tuning in.
Love your content my friend. Hoping to visit in the next few months.
Much appreciated! And hope you're able to. PY is a beautiful country.
muy bonita casa,buen precio,saludos from NY
saludos!
2nd house best imo. All good
Loved this video! I have been looking for a video like this thanks very informative. Gracias
You're very welcome, I'm glad it helped. Stay tuned for more content :)
Hey, Ryan! I 100% agree with on your final thoughts. Many cities in Mexico are becoming too inflated (price wise) for the average Mexicans or even foreigners/residents. So many of these cities in Mexico and Colombia are being slowly being priced out and some are becoming flooded with "gringos". The homes you showed on this video were super beautiful in terms of aesthetic, functionality, and practicality. Great advice that applies to anyone: Go invest where no one is looking at or considering. I concur with that statement! Very inspiring video, Ryan! 🙏
Well said, Aaron! In general... why would you escape your high cost-of-living city, to go to another city that is becoming a high cost-of-living city, to only be surrounded by mostly expats AND potentially have locals not like the idea of you being there. I love the idea of repatriation and/or becoming an expat... hence why I'm doing this channel, but I don't like over-conglomerating all in the same areas, and not accustoming yourself to the culture over the years. Spread out a bit, meet and befriend locals, learn the language, and look for good housing/apartment deals even just a few neighborhoods/cities over... save a ton of $, and go to the most peaceful places where you will be treated the best, welcomed, and respected!
Nice ❤
Great Showing, looking for a small to mid-size farm.
Much appreciated! Also FYI - there are great prices for plots of land all around the city and farther out in the countryside if that's what you're looking for. Hope you're able to get there soon and experience all that Paraguay has to offer!
Would like to see houses like that outside of the city.
You can work with a Re-Max agent to construct any of these models, or other models they offer, if you purchase land first outside of the city. Land is MUCH cheaper than the USA, especially outside the city.
A nice program and informative, thank you. You make easy to understand compare to others.
Glad it was helpful, my friend!
Would love to see more about Encarnacion - if you're planning to go there. Thanks for your content.
Encarnación is stunningly beautiful. I wanted to go this past September but wasn't able to - but I'll get there later this year. If you visit and want to be surrounded by many others with a ton of things to do, go in Paraguay's summer months (December-February). Book a hotel before though! Don't just show up otherwise you may be out of luck. If you want to go in the calmer time of year, pretty much any other time of the year, it's great to visit with less visitors. In my opinion, Encarnación will be a very high tourist area in the next 5-10yrs even more-so than it already is, especially since Brazil is making it more difficult to travel to with even more harsh visa requirements. Lastly, if you were to buy real estate and/or invested in an Air B&B properties in Encarnación, my guess is it will only become more and more and more valuable as the years pass. It's a beautiful city on the rise, not just some border trading town like it used to be historically.
Beautiful homes, super cheap in relation to the world! Paraguay Floods heavily, are these homes in that zone? Low elevation vs higher elevation, one wrong on right!
Much appreciated! And agreed, pricing is right if you ask me. As far as flooding concerns - no, most flooding happens closer to the rivers, creeks, and the bottom of hills on main driving routes. None of these are right by those places. I didn't see any red flags of flooding lines or anything like that in any of these houses either. Also, water filtration/plumbing is much better in newer homes. That unfortunately tends to be an issue for older homes built many decades ago.
@@MyBestLifeParaguay thanks! What agent from Remax, did you use? Homes are a steal!
@@simonassouline1230 So I believe these are all listed at infocasas.com.py, and/or Facebook Marketplace if you were to search within the city of Villa Elisa, within Departamento Central. So if you find them there you can send the agent direct messages. Otherwise, if you're looking for specific agent info that did my showing, feel free to email me at mybestlifeparaguay@gmail.com, and I can pass you his WhatsApp phone # - just note that the agent is Spanish speaking.
@@MyBestLifeParaguay Thanks!
Nunca se inundó ese lugar
I think they are a little expensive for the city. You could get similar in better locations for that price: like in Fernando Zona Norte or Lambaré or Luque. Also, nice apartments in Asunción.
Appreciate the input! I'll be doing more virtual tours here in coming months of other areas/cities as well.
whats the property tax on those yearly? and hows the plumbing can you use toilet paper?
No Air conditioning in the first house??
Great house tours, Ryan! Banks require a 30% down payment in other LATAM countries. The down payment seems very low in PY, like 3.5% more or less from the numbers you shared. Is that the standard down payment to purchase a home there when financing with the bank, or is it that low because the financing is with the construction company?
Hello my friend. I want to apologize for being misleading, and also thank you for this question. I'm a going to update my description and also dedicate another video to explaining the "seña" and general process. As far as I understand - the best way to think of the seña is it's a good-faith payment that reserves the property so nobody can outbid you and which allows you up to (normally) a month for you to secure financing with a bank in Paraguay. As far as the down payment to the bank, the down payment varies from 20-30%. I believe all these houses can be financed with Itaú bank - a regional bank in Paraguay (and Brazil). Itaú states on it's website that it finances up to 80%, meaning you'd need to come with the down payment of 20% (minimum). So, say you buy a house for $100,000 the seña is ~$4,000, then you finance the rest of the $96,000 (NOTE: We're assuming that the final purchasing price is the appraised value/price given by the appraiser), and 20% of the $96k is $19,200. So you'd owe $19,200 + $4,000 that first month equalling = $23,200... the true out-of-pocket cost you'd take on before your monthly payments to the bank begin. LASTLY, I'll add please consult an agent, lawyer, and even accountant before pursuing a house in PY. I will do my best to give the info possible to the best of my knowledge, but consulting professionals is always a great option. If I am incorrect about any of this info, I will comment below, and keep updating the info in the description of this video. THANK YOU AGAIN for this important question. I want you all to do well, and live your best lives!
@@MyBestLifeParaguay Thank you for clarifying that. It makes more sense now! I look forward to watching more of your content!
@@vladtheprodigal Certainly, you're welcome! Thanks for following me on my channel!
@@vladtheprodigal just added one little edited tidbit of info in my original response to your question/comment. I just added that, the appraised value given by the appraiser is the amount the bank will work with you to finance. You may already know this, but just wanted to point it out for others.
@@MyBestLifeParaguay thanks for the update!
The gas station and the busy street ruins the second house
It's not super busy, but I hear ya. If it was on a quieter street, it'd be that much more appealing. I've seen other models recently very similar to this on FB Marketplace that I believe are on quieter streets though.
why do these houses not look well made. like even the windows aren't dual layered.
they look good in the outside, but on the inside they look cheap.
If i get a house there, i will definitely have it built the way i want it.
I absolutely support everyone building houses exactly how you prefer. And Paraguay is a subtropical country in a very warm climate, so it usually never gets below freezing beyond a very rare nighttime frost in winter months (June-August) that always disappears when the sun comes up, so extra layer for insulation isn’t necessary like it is for cold climates - hence the reason these houses are a bit cheaper as well. But I guarantee you, these are very much quality houses that 99% of Paraguayans would absolutely love and have the chance to live in- as well as expats seeking a better life.
Stop say um so much
Appreciate the write in comment and "constructive" criticism! Helps the UM.. what's it called? Oh, Algorithm! BTW, since we're being Karens over the English language, the correct way to transcribe your ingenious response would be, "Stop SAYING "um" so much". Thanks! Come again!
Can I buy a house like that, for the same price in a decent suburb, by the way which are decent suburbs to by houses like the ones you're showing, can you help me with this, many thanks.