This Blog Has moved to its new Home
UPDATE: This post is several years old now. I'm Joe Peffer - a Realtor in Columbus Ohio and I've opened my own brokerage which you can find at http://www.DeliciousRealEstate.com.
No matter what I do, this post always seems to be the first search result for my name, Joe Peffer so also know that you can find my personal take on Local Columbus Real Estate markets at www.ColumbusHomesBlog.com
where you can read all about home buying, home selling, the greater Columbus Real Estate market and more.
Thanks so much for visiting.
Joe Peffer
joepeffer@DeliciousRealEstate.com
614-940-9100
posted by Joe Peffer - Full Time Professional Realtor @ 12:00 PM
8 Comments:
Buying International Real Estate
Andrew C. Weitnauer
1-2-2008
Have you ever thought about buying a second home in a foreign country? Most of us have spent a few minutes online drooling over some of these properties. However, most of us quickly let the dream fade away when we realize how complicated and risky this venture can be.
The hardest part about buying property abroad is that every country, state, and city has different rules and conventions. So to be smart about it we usually start by researching foreign ownership restrictions, tax ramifications, currency issues, etc. This can be very time consuming, costly, and may even lead to out dated and incorrect answers. Along with this, doubt usually sets in; what if the property is over priced and I’m the only idiot in the world who doesn’t know it?
The best way to purchase real estate in foreign places is to contact a trustworthy, local, real estate professional. A local real estate agent will be familiar with the market value of properties in the area you are searching, and they understand the local laws. Your next question is probably; how do I find a trustworthy local real estate agent?
There is a website called UniFersal.com,
http://www.unifersal.com/index.php . You can find properties, look at property pictures, and even chat, call, or message a pre-screened, local real estate professional who speaks your language and specializes in the particular city you are searching in.
UniFersal.com does a background check on all of the real estate professionals that would love to help you buy real estate in their city. They confirm the professional’s real estate expertise in that city, and even ask for references.
If you are serious about buying a property in a foreign country, don’t try to do it alone. Use the internet to drool over properties, then get serious and contact a local professional.
Updating bookmarks !
This is an informative post, Tips for this coming year: Pull a copy of your credit history and credit score. Mortgage lenders have become extremely conservative and restrictive in deciding which mortgages will get funded. Lenders will pull credit scores from each of the three credit reporting bureaus, Equifax, Experian, and Trans-Union, and then use the middle score to determine your loans interest rate and terms...looking forward for any updates this coming year!
Annie
I found your website that captures my interest while searching the Internet for keywords related to real estate. To be smart about it they usually start by searching for foreign ownership restrictions, tax ramifications.
Best of luck with the new site Joe. I've just discovered your blog through the old one but will bookmark the new address.
The hardest part about buying property abroad is that every country, state, and city has different rules and conventions......thanks
that's great post and its very informative..
Thanks for informing us..I think this is the best site for the people who are interested to discuss about the real estate concepts..
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