Vietnam, located in Southeast Asia on the eastern edge of the Indochina Peninsula, is bordered by China to the north, Laos and Cambodia to the west, and the South China Sea (East Sea) to the east and south.
In Vietnam the demand for luxury property for personal use and as investment tools is being driven by strong domestic demand, due to the growing middle and upper classes, as well as international investors tapping into this key economic growth region.
Popular Cities and Towns in Vietnam with International Buyers and Investors:
How To Find Property For Rent Buy Owner in Vietnam
To find property for rent by owner in Vietnam (often abbreviated as FRBO), a combination of online platforms, local resources, and direct word-of-mouth can be used.
Web sites that are set-up for FRBO, allow filtering for listed by owner rentals, and when searching be sure about what you want such as location, budget, and the type of housing.
Never wire money or send deposits before seeing the property, and ask for a lease and verify ownership if possible by using local property tax records.
Buying a property that is then set up as a "for rent by owner" (FRBO), is usually one that is intended to be rented out without the assistance of a property manager.
When a suitable property has been found evaluate the property as an investment, and ask for current rental rates and payment history, maintenance records, property expenses such as taxes, insurance and utilities costs.
You can work directly with the owner or hire a real estate attorney or buyer's agent to help draft an offer, but before making an offer perform due diligence such as hiring a licensed home inspector and ensure there are no liens.
Use a title company or closing attorney to handle escrow, title transfer, and record the deed, after learning how to find Properties for RENT listed by owners in Vietnam, by using online platforms and web site listings portals, and buying the property.
