Bulgarian Property
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Six Steps to Buying Overseas Property
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09.11.2011
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Check Your Finances Whether you are a cash buyer, releasing equity on your home in the UK, or applying for an overseas mortgage, it's important to not let your heart rule your head and make sure you work out what you can actually afford to spend. Work out if you require a mortgage.
Select Your Location There may be countries and areas you are already considering buying in but you need to do your research. For help working out the country you want buy in, use these simple steps. Have a look at Country Guidesq read about other people's purchase experiences buying abroad, search to gather contacts and start making a shortlist of potential properties.
Get an Independent Lawyer Getting good independent advice from an specialist lawyer in the country you are buying in is absolutely vital. Don't be tempted to accept the first lawyer that comes along, particularly if they also have a relationship with whoever you are buying from. Visit our Legal sites for more information and look out for property companies who are registered .
Visit Your Location Armed with your shortlist of properties, the next step is to go and see them. Book appointments with the property agents and developers, book a flight and accommodation, If possible, hire a car and explore the area and speak to the locals or expats
Buy Your Property When it comes to decision time make sure the property you choose ticks the boxes in terms of the investment you are making. Choose somewhere that has rental potential if it's going to be your holiday home, instruct your lawyer once you've had an offer accepted, make sure you get regular updates from the agent or developer, exchange your currency through a specialist, now you need to insure your holiday home.
Move In Congratulations on owning your home overseas! Now think about letting out your property when you are not there , furnishing your property if you have bought off plan or the property is unfurnished , getting in touch with a removal company if you are moving permanently ,Transporting your pets
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