Tips for buying property abroad

Tips for buying property abroad

January 24, 2019 0 By ThinkDAdmin
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If you have always dreamed of buying a property abroad, then here are some things to consider:

Whether you want a second home for part of the year or plan to relocate entirely, there are many things to think about. It’s exciting and daunting in equal measure and not the kind of decision you’ll want to take lightly.

Pinpoint what you’re looking for

Sometimes we can be bombarded by choice. It’s a big world and narrowing down your perfect property can feel like finding a needle in a haystack. You’ll make your search much easier if you can pinpoint exactly what you’re seeking. Make a list of features that are essential and things that are negotiable. Is there a specific area you’re desperate for? Do you absolutely need 3 bedrooms? The more specific you can be, the easier it will be to zero in on the right properties. For Property for sale in France, visit http://www.frenchpropertysearch.com/

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Don’t rush or feel pressured

This is a major decision, so stay strong and don’t succumb to pressure from agents or developers. Put a deposit down only when you feel confident that you’ve done your research and feel comfortable in your decision.

Do your homework

The better informed we are, the better decisions we can make. Do extensive research in the areas you’re interested in, as living and holidaying in a place can be a very different experience. Try to speak to expats and locals to get a realistic view of life in the area.

In writing

If any verbal agreements are made, ensure you receive a copy of that agreement in writing as soon as possible. Always ask for receipts for all financial transactions.

Independent advice

The regulations and laws surrounding property law in different countries can be quite different from you’re used to in the UK. Be sure to get yourself some professional independent legal advice to make the whole process clearer and ensure you have taken care of all legal and financial aspects of the purchase. Ideally, that solicitor will be fluent in both English and the local language and experienced in property.

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Hire a translator

Unless you are absolutely fluent in the local language, you might wish to consider hiring a translation service if your solicitor doesn’t fully understand the lingo either. The documents involved in property purchases contain quite specialist language and for the smoothest process and peace of mind, you’ll want to know exactly what you’re signing. Don’t be tempted to accept a translator recommended by anyone else involved in the sale and find your own independent translator.