At Home In Your Overseas Home

Homeownership, in any form, is a big step for most people. In fact, it's often one of the biggest financial decisions of our lives. Despite that, sometimes a homeowner in one country will want to buy a second home in another country, whether for a vacation home or future retirement. Usually they make this decision after realizing they visit the same country every chance they get, but sometimes it's because they have relatives or friends nearby too.

Anyone considering buying a second home overseas will of course want to make sure they're comfortable with the cultural and language differences they're bound to encounter. If you're used to visiting the area regularly, you will no doubt already be familiar with some of these. To be sure, you may want to rent a home in that area first, maybe even for a few years in a row, before purchasing your own home.

When you're certain you want to buy, be sure to enlist the help of real estate and legal professionals in your chosen country. This is a good idea of course even in your home country!

When shopping, you will want to be as thorough as you would when shopping for your main home. Inspections, neighborhood comparisons, and location considerations are just as important. You may want to talk with other homeowners in the area to ask about home construction quality, security issues, etc.

You will need to make suitable financing arrangements too, and consider current interest and exchange rates where needed. Don't forget possible tax implications in your home country as well.

Finally, be sure to think about arrangements for someone to look after your second home when you're away. It will need to be checked and maintained regularly, just as your main home.

About The Author

Jakob Jelling is the founder of http://www.cashbazar.com. Visit his website for the latest on personal finance, debt elimination, budgeting, credit cards and real estate.

---

How to Become a Successful Real Estate Investor

Many folks dream of becoming real estate investors, but not... Read More

18 Easy Steps to Buy a Bargain House

What is a "distressed" property? What is "bargain" real estate?A... Read More

Buying Country Acreage and Rural Properties, To Buy or Not To Buy

Almost anyone can become a rural property owner; if you... Read More

Salt Lake City Real Estate

From the mountains to the valley, there are many types... Read More

The Many Benefits Of Lease Purchasing

Lease Purchasing affords wonderful benefits and opportunities to sellers, buyers,... Read More

Homes in Chapel Hill

Chapel Hill is located right in the middle of North... Read More

How Can the Average Person Build Wealth in Real Estate?

Books on real estate are a dime a dozen-and most... Read More

San Diego Home Evaluation

The Southern California city of San Diego has all the... Read More

A Possible Bargain: Foreclosed Properties

In the superheated San Francisco Bay Area property market, foreclosed... Read More

Mechanics Lien on Your House

In many places you can buy a house and a... Read More

Refinance Rental Property - Dont Sell It

You own a rental property for years, and never see... Read More

Financing Houses

What Real Estate Lenders Look ForLenders control many programs --... Read More

Selling Your Home ? Be Sure It Shows Well

Whether you are selling a house, townhouse, condo or apartment,... Read More

Seven Tips in Choosing Maui Income Properties

Aloha! If you are interested in choosing a Maui income... Read More

Home Equity ? Don?t Spend It on Risky Investments

The housing market has exploded in the last five years,... Read More

Real Estate Investing ? FSBOs vs. Agent Listings?

Many would-be real estate investing professionals face discouragement because of... Read More

Sell Your Income Property For More

Selling income property isn't like selling a house. You can... Read More

Investing In Commercial Property

Investing in commercial property is well beyond the financial means... Read More

The Secret Jewel in the Mediterranean Crown

Since the Northern Cypriots famously voted 'yes' to the UN... Read More

FSBO: For Sale By Owners Chapter Two

Sheriff's Deputy Ted Rasmussen was thinking about Carrie-his pregnant waitress... Read More

Time Is A Major Real Estate Wealth Growth Tool, So Use IT And Watch Your...

In Real Estate "Time" is a Wealth Development ToolsReal estate... Read More

How Home Buyer Rebates Work

In today's tight housing market, many buyers are looking for... Read More

Preparing for a Showing

As soon as you decide to put your home on... Read More

Boston Real Estate - Interest Rates and Inventory Must be Analyzed when Selling Your Boston Home

When selling your Boston home, it's good practice to be... Read More

How Real Estate Investors Use Mortgage Note To Purchase Properties

Many of you may not be aware of the various... Read More

6 REASONS for Investing in Florida Real Estate Investment Property NOW

I invite you to take the next few minutes to... Read More

Investment Real Estate Secret: Buy a House Today, With No Money Down

If you've read my article "Purchasing Property With No Money... Read More

At Home In Your Overseas Home

Homeownership, in any form, is a big step for most... Read More

Property in Northern Spain

If you're looking for the 'real' Spain where the culture,... Read More

10 Ways To Find Investment Properties

If you really want the best deals in investment properties,... Read More

5 Things to Look for in a Property Appraiser

Homeowners who are seeking a property appraiser often ask "How... Read More

Is Housing and Real Estate Bubble Hype Irrational Exuberance?

Not so, says the author of this article and four... Read More

Property in Bulgaria - Huge Investment Potential

Bulgaria is a truly magnificent country, located in Eastern Europe... Read More