Buying Property Overseas - The Buying Process
 
 

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Tips on Buying Property Overseas - The Buying Process

Tips on Buying Overseas PropertyThe lure of buying a property in sunny climates or even snowy ones tempts many but is not a decision that should be entered into lightly. Investment Villages give you some simple tips to help you when you are looking to buy.

1. Research
Do your research before you visit a country of interest to look at property and get advice from an independent expert. Read as much information about the buying process and the area as you can get hold of. Use the Internet to find out as much information as possible.

2. Talk
If you don't know the area talk to people who do and so know the area you want to buy in. Visit the areas you are looking at buying in and talk to the people who are able to give you an understanding of what is needed to buy there and other useful information about the country and its lifestyle.

3. Find a reputable agent
Find an established reputable agent who has experience in the area, good contacts and who know the market. A specialist can often be found for Golfing property, ski property or retirement.

4. Don't be afraid to ask questions
Some people can be embarrassed when asking questions, but don't be. Any respected agent will be happy to answer as many questions you have for them. For most people, buying property abroad is a big step and a big investment. You need to be sure that all your queries are laid to rest before making a big decision.

5. Trust your instincts
You will know when someone is trying to rush you into a decision that you are not comfortable with. Similarly, you will know when you have found the property that is right for you. Trust your instincts and don't let anyone rush you into a decision. Some clients find their ideal property immediately, while it takes others a little while to find the perfect one. A good agent will have done their research on what your requirements are and should be able to find the property that is right for you.

6. Don't rush into anything
Don't be pressured into rushing into the wrong decision, but equally, when you feel the property is right, don't hesitate either. You don't want to lose out to someone who is willing to make the decision.

7. Take good independent financial and legal advice as soon as possible
One of the mistakes many people make is that they don't get good independent financial and legal advice. This can result in all sorts of problems later down the line. Make sure you get the best advice as soon as possible. Any reputable agent will have independent partners in these fields that they can recommend to you.

8. Make sure your agent offers an after care service
Buying a property abroad can be stressful, especially if you don't speak the language. A reputable agent will have an aftercare service to make sure that your needs are taken care of. A good agent is always available to you after the purchase to give helpful advice and answer any questions that you may have.

9. Get a good deal
Make sure that you are getting the home you want at the right price. Ask to see independent valuations and ask what is there in the package that gives you a reason to buy this property.

10. Enjoy the process
Buying a property abroad is very exciting, so make sure you enjoy the buying process. For many it can be the start of an exciting and life changing experience so be positive and look forwards to the rewards.


2015 SEPo