The fact is buying abroad can be fraught with danger if you are not legally represented. The buying legal process is likely to be different from country and your lawyer will be able to help you with all of the necessary tasks for a smooth purchase. Just a few of the tasks that most lawyers will take on your behalf may include
You need somebody who understands the law of your chosen country and speaks the language fluently. Don’t use someone recommended by your developer or estate agent, they may not have your best interests at heart. When buying a place overseas, you should take proper legal advice from a reputable local specialist – and someone who speaks good English. You should also ensure they are up-to-speed on the laws and rules of the country in which you are buying. In addition, it is essential that you choose someone who will protect your interests – and not someone recommended by the estate agent.
What the legal representative should do for you
Your solicitor must also check that you have the right planning consent and licences, your property has the correct title, and you are registered as the official owner.
Use a good solicitor you should expect to
You should pay for an independent valuation as you would with a property at home, purchase one to highlight problems such as subsidence and boundary disputes
Depending on which country you intend to buy a property abroad. The law will differ when applied to your ownership & inheritance position regardless of which particular property you choose to buy. It is therefore useful for any prospective purchaser to ask the following:
A good lawyer will help you assess the full costs of the purchase which will include additional costs. You will incur a range of other costs besides the purchase price when purchasing a property overseas.
These may include:
More at Guide For Buying Abroad
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