Buying properties in Croatia

 Home  Croatia  Croatia Real Estate  Dubrovnik Properties  PROPERTY ABROAD  ARTICLES
 

Buying Property Abroad

Do not close the deal right away after first viewing

If you buy property abroad or are intent on investing large amounts of money, do not expect an easy ride if you have not done your homework. Remember when buying property abroad, no matter your contry of choice anywhere on the planet, you need to remind your self of the well known real estate adage - location location location.

The importance of property location

How many times have we all heard this, but it is a fact that is overlooked when looking for a prime location to buy property abroad? To get the best deal - the best buy - the best location is to have the best knowledge. Do not make any rash decisions before consulting with an expert in this field.

Laws in real estate differ from country to country, but the number one rule to adhere to is not to close a deal right away after your first viewing. Do a little research behind the scenes of your chosen prime location. Take notes, photographs and an interpreter with you if you are dealing with a non-English speaking country.

The City of Split in Croatia's Dalmatia region
No matter what country you choose to buy a property abroad, you should always consider location, as one of the key importance - Pixabay.com

Do your due dilligence

No matter how much you have your heart set on buying a property abroad, do not rush into anything you may regret at a later date. Some unfortunate people have lost their life savings through dodgy deals.

When viewing a property abroad, bring along your notes and fire all your questions at the estate agent. Don`t leave a stone unturned - it's your money. An independent advisor is good to have with you when attending appointments. Chat with the locals who can provide you with any intimate details that you need to know of.

Do not rush your purchase

If time is not an issue then double back and visit the area 2/3 times this can tell you a lot about the goings on at different times of the day or year. For example, Winter months could turn your chosen area into an isolated place. You have to be prepared to deal with this, especially if your choose a country that only has seasonal activities.

Take your time with any venture as big as this - view as many properties as you can this will help build up your knowledge of the present market values in the area. Do not cut corners as you may end up losing more than you bargained for.

Work with a good solicitor

All legal issues should be left in the hands of a good Solicitor. If you have appointed a good a solicitor then all transactions will be dealt with by an experienced master in the field of legality. By doing this you now have a guarantee that the local legal needs are met.

Other requirements your solicitor will see to is to make sure the property is registered solely in the vendor`s name. He also has to make sure that no hidden clauses lurk; like it is free of any mortgages, encumbrances, charges, debts or other liabilities.

Do not finalize any agreements with any other; have necessary paperwork sent to your solicitor. Let them negotiate and discuss matters with the seller`s solicitor.

  Advice on Buying Property Abroad
Buying Property Abroad
Buying Property Abroad
Investing in Property Abroad
 Investing in Property Abroad
Italy Real Estate Market
Italy Real Estate Market
Montenegro Real Estate
Montenegro Real Estate