Overseas Property

Overseas Property Buying Guide

Guide to Buying Investment Property Abroad

There are certain guidelines any potential investor can follow in order to become a successful overseas property owner. Whilst we at David Stanley Redfern Ltd offer our thorough services right from the outset and on through to closure and after sales, there are some questions that can only be answered by you, the investor. Whilst compromise is common when finding that ideally positioned property, it’s best to have some clear definition of just what makes it right for you.

You need to know what you’re looking for and why.

• Is it a relocation or profitable second home that’s inspiring your purchase?
• Do you want a 1 bedroom apartment amidst a resort that’s perhaps ideal for short breaks or a private 4 bedroom villa that’s better suited to holiday-taking families?
• Just how much can you afford to spend and just how much do you expect for your investment?

You need to know your budget levels and just what you want for your money. It’s important to consider all applicable costs as well as the actual purchase price of the property. Try to find out just what you get for your money too.

• Is it an undeveloped plot in need of further investment or a fully furnished residence that just right and ready for use?
• Where in the global property market will you place your investment?

Do sun, sea and sand outweigh the to-let benefits of snow, sleds and ski slopes? If you’re planning to use it yourself from time to time then perhaps even consider your own needs as you go! Viewings are sometimes an option and come highly recommended as inspection trips can offer extra peace of mind.

Legalities can often catch overseas property investors unaware, so ensure all aspects of your transaction are covered.

Legal obligations, restrictions and regulations come vast and varied on the international property market, which is why it’s simply vital to have experienced and knowledgeable council on hand at all times.

Is there a property management element of the transaction that ensures your property is not only maintained in your absence, but perhaps more importantly, is let out at all available times?

If you’re buying to let, optional property management services can prove critical, but in some cases they can also prove to be cost deficient. Do you require such a service and if so, at what cost is it available?

Last but not least, choosing the right agent is critical; after all, you don’t want all your eggs in an insecure basket.

We at David Stanley Redfern Ltd, we proudly uphold our reputable and respected profile amidst the fierce competition of the market place. With our longstanding and incomparable service, you can rest assured that we have you and your needs held close to the heart of our operations. Sadly, not all agents and brokers are the same and don’t adhere to a strict set of precautionary guidelines, so beware.

Contact us today for an obligation-free chat to discuss any concerns you might have.

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For more information on the properties available with David Stanley Redfern Ltd please make an enquiry on a particular property of choice or alternatively contact us using our contact details here >