One of the most common misconceptions people tend to have when buying a property abroad is a belief that things will follow a similar path as buying a property at home. It is important to understand that buying costs, timescales and even the legal process will be very different in foreign jurisdictions.
In continental Europe and many other countries, for example, they use the Notarial system whereby the Notary will witness the transfer of the title. In some countries contracts are signed earlier in the process, even before any searches have been carried out on the property being purchased. There may also be the expectation for you to sign a reservation contract and pay a reservation deposit prior to signing the full purchase contract and paying the full purchase deposit.
Download the Conveyancing pdf for your country:
Taking independent legal advice at the very early stages of the process, rather than relying upon any lawyers proposed by selling agents or developers, should ensure a safe and relatively enjoyable experience of acquiring your overseas property.
What our customers say ...
Judicare saved my life as I know it. Before I found them, I was wondering how I was going to tell my wife that one signature I signed in 2004 was quite likely going to cost us everything that we had worked hard to build, repossessed by the Bank of Cyprus.
It has taken Judicare over a year to sort out this life changing problem I created. At every moment Judicare have been professional, never promising something they couldn’t deliver but always supportive, it’s been a slow progress becauseof the banks stance, but always progress at every move. Neil has a calming way about him, very knowledgeable and within a few moments of our first contact I knew he and his firm would be the people to engage to help me sort out the mess I was in. We have now removed the threat to our UK assets from the existing Judgements from the courts in Cyprus against me which were in excess of €880,000 and have been able to draw the matter to a close with a one off payment to the bank of less than 5% of the monies owed.
Judicare you came through for me, thank you for saving my future and my marriage, I can’t thank you enough. If you are reading this as a client in need of help abroad then don’t hesitate, Judicare are the firm you need to use.