Zimbabwe: Guide for First-Time Property Buyers

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Buying real estate for the first time is a mixed bag of emotions, an intense combination of extreme excitement and nervousness. One is never certain whether to act as if they know too much about real estate investment or too little. In Zimbabwe where cash purchases are common, the first time buyer in most cases may not understand the actual value of their money (purchasing power) juxtaposed to the real estate investment desired.

There is therefore a propensity to either overestimate the actual buying power of the money available creating illusions of grandeur which may never be satisfied by the agent or seller given the resources available.

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