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Welcome to Guides for Living, Working, Retiring, & Buying Property Abroad



Research

Posted on: 15th Jan 2015

Having decided the country where you plan to buy a home, your next decision will be to choose the area and the type of home to buy. The secret of successfully buying a home abroad is research, research and more research. You may be fortunate and buy the first property you see without doing any homework and live happily ever after. However, a successful purchase is much more likely if you thoroughly investigate a country, its regions, the type of properties available, prices and relative values, and the procedure for buying property.

            It's a wise or lucky person who gets his choice absolutely right first time, but you will have a much better chance if you do your homework thoroughly.

            As when making all major financial decisions, it isn't advisable to be in too much of a hurry. Many people make expensive (even catastrophic) errors when buying a home abroad, often because they don't do sufficient research and are simply in too much of a hurry, often setting themselves ridiculous deadlines such as buying a home during a long weekend break or a week's holiday. Not surprisingly, most people wouldn't dream of acting so rashly when buying property in their home country! Before deciding on a country it's advisable to do as much research as possible and to read books especially written for those planning to live or work abroad (such as those published by Survival Books!). Bear in mind that the cost of investing in a few books or magazines (and other research) is tiny compared to the expense of making a mistake!

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