So informative! We were just in Seoul and I went through so many websites trying to figure the system out but I finally get it now 😂 congrats on the new place!
It is really good to watch the Korea by your video!! I live in Busan Korea!! So it is friendly to me !! Thank you for sharing my new friend!! Greeting from Korea!!😍😍👍👍
OMG Hi Morgan! Thank you so much for your comment, and watching all of our videos, it means the world to us❤️. Make sure to tell McGahan hello from us!
Hi, you can renew your contract as long as the landlord agrees as well. Some cases a landlord wants to end the contract for whatever reasons, but otherwise you can keep renewing the contract. It's case by case.Thank you for watching!
Hi we are not experts regarding buying a property. I suggest you to walk around the area you like and consult some of the real estate office (부동산) to see what's available. For hanoks, I've heard that you may need to completely renovate, which isn't going to be easy as the properties mostly likely be very old.
So for a Jeonsae you have to pay the bank back 200million KRW in two years? that’s like over 7million krw per month plus interest maybe I’m not understanding properly could you explain more.
Hi, no, so the way it will work is that you will be paying the interest to the bank every month. Since you get the money back at the end of 2 year contract unless you extend it, you can pay back the principal balance at the end of your housing contract. So, it's just an interest payment every month. Does that make sense?
The problem is it is far too expensive to buy a house there. A house there can be even more expensive than a house in Australia which is considered to be very overvalued.
It depends on what's on your contract. For us, if we were to break the contract (when there is no obvious reason) we have to find next tenant and pay for that tenant's realtor's commission.
Enjoyed learning something new. Glad everything worked out for you guys and especially Hodu.
Thank you Liz! Yes, we are very happy to find the place that accepts Hodu. 😊
저희 동네 풍경이 많이 담겼다 했는데 집도 이 동네로! 한국 사실 때 이 동네 사셨군요~ 교통, 공원, 시장, 맛집, 백화점 등등 살기에는 정말 편리한 곳이죠 ^^ 행복한 한국 생활 되세요~
네 정말 이 동네 만한 곳이 없는 것 같아요^^ 집도 의도치 않게 이쪽으로 구해져서 너무 좋았어요^^ 같은 동네분 만나니 반갑습니다~ 앞으로 자주 놀러와 주세요^^
Thanks so much for helpful information!
Hey Congrats on house hunting! must be excited. Hope everything goes well until settlement.
Thank you Brian! We are excited and grateful to be able to have a place for all 3 of us! 😁
So informative! We were just in Seoul and I went through so many websites trying to figure the system out but I finally get it now 😂 congrats on the new place!
Haha we're so glad it was helpful! Yes, the system here is very different. Thank you for watching!
Thanks for sharing. We may be doing the same with a dog so this is helpful. Thanks!
Glad to heat that it was helpful! Yeah it can be tough with a dog. But there is always a way! Best of luck to you 😊
thanks for explaining. Retiring and moving to Korea next year w/ wife (she's from there) I took notes! Looking for a place w/ small dog also.
Hey Ricky, thanks for the comment, we appreciate it. We’re glad you found the video helpful! Good luck with your big move!
Great video guys! What a process though 😬. Glad in the end you found a place you like 😊😊
Thanks guys for your kind message! It was quite the process for sure, but glad it all worked out. 😊
It is really good to watch the Korea by your video!! I live in Busan Korea!! So it is friendly to me !! Thank you for sharing my new friend!! Greeting from Korea!!😍😍👍👍
Awesome! Busan was beautiful, we definitely want to go back. We really enjoy making videos about Korea. Thank you for watching our video! 😊
very informative. thumbs up
Glad it was helpful! Thank you for watching😊
Hi!! I am your biggest fan!! I watch all of your videos! And I am McGahan’s daughter by the way!
OMG Hi Morgan! Thank you so much for your comment, and watching all of our videos, it means the world to us❤️. Make sure to tell McGahan hello from us!
Congrats! What happens after two years, could you re-rent your place or is it finite? If so, why is that?
Hi, you can renew your contract as long as the landlord agrees as well. Some cases a landlord wants to end the contract for whatever reasons, but otherwise you can keep renewing the contract. It's case by case.Thank you for watching!
@@ACoupleofNomads thank you! :)
Hello, did the owner ask what you do for a living or your source of income? Or do you just pay/negotiate like that?
Do you know if it's easy to buy old property/hanok around Jongno 3(sam)-ga? I am a DIY guy and dont like to live in tall apartment blocks.
Hi we are not experts regarding buying a property. I suggest you to walk around the area you like and consult some of the real estate office (부동산) to see what's available. For hanoks, I've heard that you may need to completely renovate, which isn't going to be easy as the properties mostly likely be very old.
Merci pour ta vidéo
Merci Sarah!
So for a Jeonsae you have to pay the bank back 200million KRW in two years? that’s like over 7million krw per month plus interest maybe I’m not understanding properly could you explain more.
Hi, no, so the way it will work is that you will be paying the interest to the bank every month. Since you get the money back at the end of 2 year contract unless you extend it, you can pay back the principal balance at the end of your housing contract. So, it's just an interest payment every month. Does that make sense?
The problem is it is far too expensive to buy a house there. A house there can be even more expensive than a house in Australia which is considered to be very overvalued.
That’s very true. But if you are willing to look outside of Seoul, it maybe is a bit more affordable. But we hear you! It’s expensive. 💸💸💸
from Valencia Spain, takee meeeeee!! im from there!!
Come to Korea! 😊
@@ACoupleofNomads I will go in march, I will contact you if I can 🙌🏻🙌🏻
Here in Seoul, we think that realestate as an investment and it is huge expensive so usually get mortgage😂😂
Hi for rent no way what happens if you change your mind about the apartment if you don't like it
It depends on what's on your contract. For us, if we were to break the contract (when there is no obvious reason) we have to find next tenant and pay for that tenant's realtor's commission.