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Thinking of investing in overseas property?

When searching the web you will literally find thousands of financial websites offering advice to prospective investors thinking of investing in overseas properties. When buying property aboard there are questions you have to ask yourself before you make the investment. Is the market right? Have I done some research? Have I gain information? And lastly, do I have the money?

Is the market right?

The Association of International Professionals (AIPP) always offers good advice. They are predicting that there will be an increase in the overseas property market in the second half of 2006. Definitely something that we in South Africa will welcome over the next months and years leading up to the World Soccer Cup 2010

Have I done some research?

Doing research is a must when buying property aboard and is as easy as 1..2..3 these days due to the current pace of technological changes and the rapid spread of the World Wide Web. Good financial companies, Real Estate Agencies and Mortgage Originators will have an active web presence on the Internet.

Have I gain information?

If I talk about information I refer to information about the specific country that you are interested in investing in, the people, the opportunities, the economy and the politics. A good idea is also to seek the opinion of people who have already gained experienced by purchasing overseas property. A must is paying a visit to the country that you intend investing in. By doing this you will learn more about taxes, fees and laws.

Do I have the money?

Have your finance organised beforehand. Plan on which method you are going to take to finance the purchasing of this overseas property. A good idea is to set a maximum price that you are willing to pay for a property and stick to it. Remember, only you will know your real budget.

Enter into purchasing of overseas property with caution and care!
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