Common Mistakes When Buying A Home In Another Country

The most expensive mistake involves relying on the seller's lawyer. The developer is paid only if the sale goes through, which is a different interest than looking after your interests. Your own legal adviser represents a small fraction of the purchase and is the single best safeguard.



Signing documents you cannot read comes a close second. A sworn translation is inexpensive next to what is at stake. Verbal assurances carry no weight if the written contract says otherwise — the document governs.



Purchasing off-plan on trust has damaged many budgets. Before paying anything, ureki real estate examine what the company has already delivered, the construction licences, and the guarantees on staged payments. Projects running behind schedule are normal with even the best developers; unfinished projects are less common but much more damaging.



Forgetting about resale is a quieter mistake. Every purchase has to be sold or passed on at some point, and the pool of future buyers determines the price. A property for sale in cannes that only appeals to foreign buyers sells slowly when sentiment turns.



Lastly, plenty of purchasers misjudge the running costs. Tax filings can be required regardless of whether the anavargos property for rent earns anything, and apartments for sale in herceg novi missed deadlines generate charges that accumulate quietly. Setting up a local accountant from the start prevents most of these problems.