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Things to Consider When Buying Real Estate Overseas

Every prospective buyer’s goal is to acquire a legitimate and secured realty. On one hand, real estate sellers aim for serious clients who intend to buy land properties abroad. In recent times, frauds and scams are common. Thus, there must be an assurance that both buyers and sellers avoid deception and transact with ease.
Our agency, Vamoove, is in the business of selling overseas real estate deals for serious clients. We aim to help interested customers in choosing and purchasing the best realty offers in the market.
Before engaging in any transaction, considerations must be made when purchasing properties from abroad in order to guarantee great estate deals with no schemes involved. Ted Karsch listed three possible downsides of buying international properties, and precautionary measures that can be done to avoid these problems.

Political Instability
Karsch mentioned that many countries have unstable political environments that may unfavourably affect an estate investment. Under extreme circumstances, governments take hold of the assets owned by foreigners without offering fair or any reimbursement. Therefore, it is crucial to cautiously study the present level of political stability of the country where you consider buying a property.
Economic Instability
Economic instability in different parts of the world may lead to protests and criminal acts. The extra cost of hiring a round-the-clock security guard to monitor your assets can affect your bottom line. Furthermore, having estate on a country with high levels of crime can be discouraging since security is a major issue.

Local Real Estate Laws
Knowing and understanding local realty laws is vital for any person who plans to acquire overseas real estate. Laws could be complicated in foreign nations. Studying these laws will inform you of your rights and how to protect them. Karsch suggests that best strategy is to hire a local estate lawyer who can assist you in familiarizing how the legal system works.
There are probable setbacks when purchasing foreign property, but with the help of legitimate real estate agencies like Vamoove, clients are guaranteed the best realty deals.

Our Company
Vamoove is an online international property site that connects serious buyers and sellers from around the globe. Unlike other real estate agencies, Vamoove allows sellers and agents to take a small snapshot on the potential buyers. There is nothing else quite like this out there in the market place. Snapshots of potential buyers are taken before negotiating a deal with the real estate agents. By using these snapshots, there is reassurance that both sellers and buyers can show their genuine interest and willingness to conduct business, thereby avoiding fraudulent transactions.

Vamoove’s REASHARE
We also allow agents to offer clients the option to ‘vet’ probable buyers using the ‘REASHARE’ pre-qualification service. REASHARE is a real-estate data sharing technology that provides the client’s data which is needed before engaging on a transaction. Listing properties can give the option of placing these estates on the market as part of our automatic social share system. This endorses and posts realties on our social channels and groups.
Vamoove is a credible realty agency that can help agents and serious buyers conduct transactions for the best, scam-free property deals.

Reference:
https://www.biggerpockets.com/renewsblog/2009/04/07/buying-international-real-estate-issues/

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