Top 5 Tips When Buying Abroad

Due to popular request, we have decided to compile ten of the most important tips for those thinking of buying a home abroad. Foreign property is normally at the top of most people’s wish list. Indeed if we won the lottery tomorrow, most of us would delve into the foreign market.
As always, there are concerns. Many questions are often asked, and there will always be a little uncertainty. However, TDS Homes International have collated some of the most common asked questions and have decided to simplify the process. You’d be surprise to learn that in most cases it’s simpler than buying a property in your own country.

Here then are top tips when looking or buying abroad:

1) Always do your research first. This is probably the golden rule when buying abroad. There is so much to learn, from choosing the right area to understanding what your budget can buy you. It’s always a good idea to know what type of property you’d like, and what it is most likely to cost. So many people mis-judge the cost of a property and quite often feel let down when they realise that the price of a townhouse can sometimes be considerably dearer than an apartment.

2) Holiday, Investment or Permanent Living? Another area that can confuse people. Many people have a preconceived idea that you can juggle holidays and investment, and although this can be true, you need to ask yourself if you really feel comfortable with others renting your property. Another piece of advice is to consider using your home for a few holidays before you totally commit to permanent living. Sometimes it can be hard to settle in an area if you have only been there once before. But if you’ve had a few holidays there then it makes it so much easier when you come to move permanently.

3) View & Purchase your property with a reputable company. This is where it can be easy to come unstuck. There are many reputable companies abroad and home that specialise in foreign property. And there are many fly-by-night estate agents. Check that the company you are viewing property with only sells freehold properties. If any properties are not 100% freehold, then run a mile. Also, check how long the company has been operating. Do they have any special endorsements /awards for excellence. Are they ISO registered? A ten minute check can give you a lot more confidence when buying abroad.

4) Get yourself a lawyer that specialise in the country of your choice. TDS Homes International have a team of specialised solicitors in dozens of countries. In Spain for example, we have worked alongside one reputable law firm for nearly 20 years. Remember, they work for you and not the real estate agent. So check their credentials. If you are not happy, then there are amny other good law firms available.

5) Enjoy the whole experience. It’s a fantastic experience and one that you’ll remember for the rest of your life. Just imagine how you’ll feel when you finally turn the key in the lock of your new home abroad. You’ve bought the furniture, and you’ve grabbed a phrasebook at the airport. Now you’re ready to go.

If you would like to know more about viewing properties abroad, then consider taking one of our Inspection Visits. Flights, accommodation and food are usually included and you’ll be assigned your own personal property consultant who will guide you through the whole trip.

Visit "TDS Homes International" or call us on +44 (0)1708 730 118 today to see how we can help you find your dream home abroad.