Tips for Buying Property Abroad

No matter how appealing a Tuscan villa or English cottage may be, purchasing property in another country needs to be fueled by wise decision making, not impulse buying. You can help your clients turn purchases into a great deal with 12 basic tips offered by Property Investment.  Key tips include:

  • Never sign a contract that you do not understand. (For example, contracts written in a foreign language).
  • Always get advice from independent specialists who are proficient in the chosen country’s laws, processes and specifics of buying property there.
  • Ensure you do not inherit a debt on the property before you purchase
  • Always give yourself a cooling off period if you see a must-have property and are tempted to put down a deposit right then.
  • Arrange your mortgage in the currency that you earn in where possible, unless you are going to receive rental income from that property in the local currency.

Help your international property clients by giving them a list of these tips, customized with your company logo and details about your international real estate service offerings.