Some top tips for buying a property abroad

To be able to just pack up and leave!

Wouldn’t it be nice if we could just throw our items in a suitcase and sail off to our dream home across the ocean? Unfortunately, it can’t be like the movies as we do not have a fast-forward montage that speeds everything up and skips over the nitty gritty of all the details, planning and headaches that go with buying and or relocating abroad.

Some top tips for buying a property abroad

  • Ask a local
    One of the best things to do before relocating to any area you are not acquainted or accustomed to is to ask a local about the place. The best way to do this is to take a trip there but that is not always affordable and or feasible so go online or ask your realtor to put you in touch with some reliable contacts.
  • Ensure you understand their laws, rules, regulations and culture
    With the internet at our fingertips and the likes of the all knowledgeable resources such as Google one only has to search out this information on the internet. If you still are not convinced you know enough about the country, ask your team of relocation experts for help and guidance.
  • Get all your paperwork sorted out
    Ensure that all your visa has been acquired, the fess has been paid and all your finances are in order before embarking on your journey.
  • Medical
    Ensure you have all the necessary medical test requirements and or any shots you may need to take before you leave your current country of residences. Some countries require tests such as TB x-rays, health certificates, vaccinations and malaria shots for example.
  • FATCA
    Ensure you are FATCA compliant, check with your local tax office as you could face huge penalties if you are not if this requirement applies to you.

Conclusion

When buying overseas you will always need the help and representation of a local attorney and a Realtor that specializes in international Real Estate.

 

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