Typical Mistakes When Buying Property In Another Country

The costliest error involves using the agent's recommended lawyer. The developer gets a commission on completion, which is not the same as looking after your interests. An independent lawyer represents a modest share of the price and property for sale in trogir is the single best safeguard.



Signing in a language you do not speak comes a close second. A sworn translation is inexpensive set against the purchase price. Promises made in conversation carry no weight if the written contract says otherwise — the contract is what counts.



Buying off-plan without checking the developer has wrecked plenty of plans. Before paying anything, examine what the company has already delivered, the construction licences, and how deposits are protected. Late deliveries happen frequently even with reputable builders; abandoned sites are the exception but far worse.



Thinking only about the purchase is a quieter mistake. Every purchase will one day be sold, and the pool of future buyers decides what you get back. A property that only appeals to foreign buyers is harder to move when sentiment turns.



Finally, plenty of purchasers underestimate the running costs. Local tax returns may be required regardless of whether the property earns anything, and tenerife real estate for sale overlooked notices generate fines that grow over time. Setting up a local accountant from the first year prevents most of these problems.