FIVE QUESTIONS YOU NEED TO ANSWER BEFORE BUYING A PROPERTY OVERSEAS MARGARET SUMMERFIELD
If you plan on buying and selling within a short
timeframe for profit, you'll need to monitor the local
market carefully to figure out the best time to sell.
Restoration, renovation and building a home will
take more time overseas. You're dealing with
different regulations and often a different language.
Plus, it's even trickier when you're managing the
process and you're not in-country. It all adds to the
time involved, so factor that in.
Write down your answers to these five questions.
And then, every time you look at an overseas
property, see how it stacks up against your
checklist. It will help you stay on track and buy the
property that suits your needs - rather than falling
for a "dream" home that doesn't deliver.
P.S. You should always check out a property in person before you sign a sale contract to make sure you're
getting what you're paying for and that it's right for you. All of the real estate developers and agents we work with
will help you organize a real estate tour or a chill weekend trip.
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