Despite the global crisis, the acquisition of foreign real estate remains at the peak of popularity, especially since due to the fall in demand for real estate, developers are ready to provide significant discounts. When choosing the best purchase option, you can try to save money and make a deal without intermediaries. But, as practice shows, it is better to seek help from professionals. This can be either a foreign real estate company or any real estate agency providing this type of service, the main thing is the availability of all necessary licenses and registration documents, which must be carefully reviewed before signing the contract. Conduct an analysis of the intermediary market regarding the amount of commission fees, while not forgetting that true professionals cannot value their services too cheaply.
As a rule, the sale of apartments is carried out according to a certain scheme in force in that country. Be sure to clarify the circle of participants in the transaction, how long it will take, at what stage you can withdraw from it without financial loss, which payment method is preferable – cash or non-cash, and most importantly, pay close attention to the translation of the purchase and sale agreement, and at the slightest doubt, involve an independent expert.
When purchasing real estate abroad, it would not be superfluous to inquire about the tax climate of the country, because knowledge of the legislation will help optimize expenses and reduce the tax burden. Clarify the procedure for paying utility bills, make sure there are no payment arrears.
And the last, most responsible stage of the transaction is the inspection of the property being purchased. Financial risks in real estate transactions are quite high, so you should not neglect inspecting the future property. On site, you have the opportunity to get acquainted with the locality, infrastructure, and assess the quality of construction. You can make the trip either independently or by using the 'introductory tour' service, which is provided by seller companies together with tour operators.