Hire an independent lawyer
Many people seek the help of real estate agents, which is not a very good start. No matter how smart, experienced, informative and well-mannered an agent tends to be, never fall for it. Always get an independent lawyer, who will represent you throughout the whole buying process. If you are represented by the lawyer, it means you are well-protected from making any expensive mistakes down the road.
Get help from a financial specialist
Sort out your financial preferences that would help you allot a suitable budget to purchase the property. Get a provisional mortgage if you have plans to borrow money apart from what you plan to pay from your pocket. Ask your financial specialist to suggest a long term repayment plan that would be feasible for you as the lending criteria and the borrowing costs may change during those years.
Hire a foreign exchange specialist
If you borrow money overseas, but earn at home, you have to make sure that the rate fluctuations would not affect the value of your property. The difference in the value of currencies could take the property out of your hands as it goes beyond your budget. Discuss with a foreign exchange specialist and understand your risks and have a proper contingency plan to handle unpleasant situations.
Double-check the agent credentials
Apart from hiring an independent lawyer, choose a professional overseas real estate agent to assist you through the process. Place your focus on the agency rather than the property you want to buy. Question them in all possible ways to make sure the company or the agent is potentially the right person to do business. No matter what they claim, make sure everything is true, to the last bit. Don’t trust reel reviews, read real client testimonials. Ask them to offer their “Terms of business” on paper prior to signing a formal contract with them.
Learn to get the most out of your investment
When you purchase a property overseas as an investment, you must understand that you can have big returns only with risks. Make a thorough inventory of the risk to reward ratio to help you cope up with the risks and to reap better rewards out of your investment when everything goes well.