Things to Remember

Buying a property abroad can be an exciting, but sometimes a stressful experience. Here are some tips to help you get through without too many headaches. OWN A HOME ABROAD is here to help you through every step of the way.

Where?

You need to decide where you want to buy your property abroad. This decision is linked to why you want the property and how you are planning to use it. If you just want a base in your favourite holiday spot, it's a pretty straightforward choice. If you're investing for a good rental or re-sale return, or planning your retirement abroad, you have to be aware of the facts, either way give us a call, tell us your plans and we can help you.

What?

What sort of property do you want? A city dwelling, an apartment close to the beach, or a private villa with a pool? Perhaps you'd like to renovate a farmhouse or build your own home on a plot of land. Decide what you want before you go looking. If you want to rent it out are you looking at holiday lets or long term tenancies? Is there a market? The OWN A HOME ABROAD team can help you here too.

How much?

Decide on your budget before you start looking for properties. We can then help you find properties where you may get more for your money. Remember to include legal fees and other administrative costs in your budget, a general guide can be found in our country introductions.

How do I Find and go to view prospective properties and how much does it cost?

Use a well-established, registered professional estate or property agent such as OWN A HOME ABROAD to help you find your property abroad. We can help you to find properties that match your requirements and we can also recommend solicitors, notaries and other professionals who can help your purchase to run smoothly. Make sure that you travel to the country and view a range of properties. We can make up a good shortlist of properties that fit your individual criteria, which will save you time and effort, without costing you a penny, then help you find flights and make all your accommodation arrangements. PLEASE be very careful about so-called fly and buy trips - the pressure to buy from the sales team - many of whom work on a commission-only basis - can be horrendous. Only go on a fly and buy trip if you are certain that you are better at refusing than they are at selling. And beware - the sales people are very clever indeed.

Legalities

Laws governing the purchase of property differ from country to country. Before you put in an offer for a property abroad, make sure you know what the local regulations are, and appoint a registered solicitor who can explain everything to you before you sign any documents. The same goes for taxation legislation and any other rules that you have to follow as an overseas buyer. We at OWN A HOME ABROAD will be able to help you with this too.

Q1 – If I buy ‘off-plan’ with then intention of selling before completion, what are the success rates for ‘flipping’ properties before completion?

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