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International Real Estate: The four Cs of buying overseas

Posted March 28, 2008

"Simply put, the cheaper, more convenient, more comfortable, and more culturally rich a location is, the better I like it as a place to live." — Dan Prescher

by Dan Prescher

Baltimore – (TFN): In almost eight years of living and working in Latin America, Suzan and I have developed a rating system for specific locations.

It’s called The Four Cs, and they are: Comfort, Convenience, Cost, and Culture.

These four categories are rated on a 1–5 scale, with 1 being the lowest rating, and 5 the highest.

I like the system because it’s not complicated, and the categories are self-explanatory and include everything important to me.

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Simply put, the cheaper, more convenient, more comfortable, and more culturally rich a location is, the better I like it as a place to live.

International Real Estate: The fourth C first

What do I mean by culturally rich? Almost certainly something different than you. Likewise for what I find comfortable, what I need in conveniences, and what I like to pay for things…The Four Cs are subjective and are designed to indicate what I personally think about a place. My ratings could be—probably would be—different than your own ratings for a specific location. Read on to learn about the other three Cs of foreign real estate.

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