Work Abroad but earn in USD

Sunday, July 17, 2005

Bought My Apartment

Well, its been a long time since my last entry, but I finished the purchase of my apartment last week and received the keys. I actually felt like I was in a B movie during the closing -- it was quite hilarious. The seller literally sat across me and we both watched as someone counted the huge stack of cash for the amount of the purchase.

The money left with a guard in a bulletproof vest and went straight to an armored truck that was waiting outside. I can't stress enough to anyone considering buying an apartment here that it is very important to have the closing at your bank. This lets you take the money right out of your account or safe deposit box and give the cash directly to the seller right there in the bank. If you close somewhere else, you'll have to either carry the cash yourself to the location or hire someone else to carry the cash for you -- not a good situation.

In the end, everything turned out fine and it was a smooth closing for all parties. Now I just need to furnish the place and I can move in.

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Blogger Fred Jontza said...

Just a question really.

Did you transfer dollars from a bank out of Argentina to your Argentine bank and then have them converted to pesos, then reconverted to dollars to pay the seller at closing? Or did you do a wire transfer into your Argentine bank a get out dollars directly?

I was wondering about the loss on the currency exchange.


7/17/2005 06:34:00 PM  
Blogger said...

Well done. Congratulations!

7/18/2005 04:08:00 AM  
Blogger familiaoconnell said...

Felicitaciones y buena suerte!

7/18/2005 03:04:00 PM  
Blogger ABA said...

Congratulations El Expatriado! A job well done. You did the entire process correctly and you got a wonderful apartment. Kudos.

7/18/2005 11:06:00 PM  
Blogger rickulivi said...

Rather than you walking around town carrying the money to where you will make the actual purchase, you can hire a service that will do it for you and you can also buy insurance in case of a holdup.

7/20/2005 01:06:00 AM  
Blogger Wonko the Sad Clown said...

Congratulations on your new flat. In what barrio did you buy it?

9/15/2005 03:33:00 PM  
Blogger sam said...

Hi, coming across this post, I thought maybe someone down here might have some good advice on how to sell your own house without a real estate agent. I’ve heard that according to a number of different sources, between 80% and 90% of owners who attempt to sell their homes on their own eventually enlist the aid of a realtor. Would anyone reccomend to deal with these guys sell house fast ? I’m afraid I might be in for a loss or getting much less then the market value. Thanks for your insight.

11/20/2005 12:47:00 PM  
Blogger marti said...

Sam- not even try.. Leave such things for professionals

Apartment search

11/28/2005 07:56:00 PM  

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