GBP (£)
moveagain.co.uk - Part of The Again Group
  

The Importance of Independent Advice When Buying Property Abroad

Throughout every stage of your property purchase, you should obtain independent legal and financial advice. This advice should be independent from the developer, the seller, the local estate agent and anyone else involved in the purchase.

Why Should You Seek Out Independent Advice When Buying Overseas?

It doesn’t matter whether you have already bought a number of properties overseas and have a wealth of experience or whether you’re buying abroad for the very first time, independent advice is paramount. It’s not simply enough to ask the estate agent or seller, as they are unlikely to have the impartial information that you’ll need.

Property Law is Complex - There’s no denying that property law is complex, even more so when you are dealing with an unfamiliar property market and different languages. By having an individual who is familiar with property law in the country where you’re buying, you have a good chance of avoiding a lot of potential problems. It’s key that you are able to properly navigate the purchase as a non-resident, something that isn’t often possible without an independent expert.

You’ll Want Fair and Unbiased Advice - Though the other people involved in the deal are sure to offer help and opinions, there’s no way of knowing whether or not the information they are giving is correct. Plus, there’s always that worry that they are somewhat biased. After all, the seller and estate agent are going to be focused on making money wherever possible. It’s important to have someone on your side, seeing things from your perspective.

Problems Aren’t Easily Solved - If you run into a problem when buying property overseas, it can be complicated. Whether it’s a legal issue or a financial dispute, you'll need an expert on hand to help. Attempting to handle everything yourself could make matters worse and delays in finalising the purchase are likely.

As you can see, there are a number of reasons as to why it’s important to seek independent help when you're buying a property abroad. Not only will it ensure that you receive accurate and objective advice throughout the entire process, but it’ll help to put your mind at ease. After all, buying abroad should be an exciting investment venture.


 

Jan 26, 2019 | 107 Page Views

Home | Read other news