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About acquisition of property abroad remotely

Posted by MCM Real Estate on 19.10.2018
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Description of the process of acquiring property abroad remotely: the choice of the object, obtaining information from a realtor, a preliminary contract, other steps before taking over.

About buying a property abroad remotely

Acquisition of land, a house or an apartment abroad becomes for many a profitable investment. There are several reasons for this: the ownership of real estate in some European countries gives the right to simplified obtaining a residence permit. Another reason is that on the coast of the Mediterranean Sea, for example, the cost of one square meter of housing is lower than in large cities of Russia. The purpose of such a purchase may be calculation for further operations: resale, rental, tourist or hotel business.

The process of purchasing property abroad remotely

For busy people who have decided to become owners of real estate abroad, provides a service for registration of transactions through the Internet. How does this happen and what is needed for this?

At first, the future buyer will find a suitable realtor on the expanses of the worldwide network. After becoming acquainted with the proposals for the sale of real estate, usually placed in the development directory, you must contact the agent for details. Acquaintance with the future possession begins through the viewing of a photo album or a video film made in the format of the excursion. Media files are accompanied by detailed written information: area, ecology, infrastructure, energy class, the presence or absence of arrears, the tax figure and more.

The agency is obliged to provide all this information in the catalog of objects for sale.

After the choice is made, all the details are clarified, the process of making a deal begins.

Step-by-step procedure for registration of the sale of property remotely:

  • opening of a settlement account in the bank of the country where the object is located;
  • the conclusion of a preliminary agreement on the intention to make a purchase;
  • a deposit, usually in the amount of 10% of the total value of the object;
  • obtaining a tax identification number of an alien;
  • the conclusion of the contract of sale

At this stage, the buyer can either come to the country to enter into ownership rights or send a trustee there, providing him with credentials. A purchase of a townhouse, a penthouse or a luxury apartment on one of the Canary Islands – Tenerife – perfect in this way is not a dream, but a reality.

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