5 Tips for Overseas Vacation Home Buying Success
Posted on | December 9, 2009 | 9 Comments
The dream of owning a vacation home in some sun-drenched overseas location is one the majority of us share, and because real estate proves itself time and again as a solid long term investment commodity, many more people are committing to purchasing real estate abroad as an investment that they and their family can also enjoy and benefit from.
When buying a vacation home abroad there are a number of key considerations to bear in mind to avoid some of the traps and pitfalls sometimes associated with buying long distance and in an unfamiliar country. With these 5 tips for overseas vacation home buying success you can quickly cut a swathe through the research process and move towards securing the dream swiftly and securely.
Tip One – Learn the Rules and Regulations
Different countries have different rules relating to the right or otherwise of foreign citizens to own the freehold title to immovable property. Some widely publicised destinations don’t allow foreigners to directly own the land on which their property sits (Bulgaria) or more than one property (Cyprus) for example, and some countries are less economically or politically stable than your own which can mean that real estate related rules and regulations may change in the future. Make sure you’re comfortable with the workings of the country you’re considering buying a vacation home in, and if in doubt seek professional advice about that country and the ambitions you hold for owning a holiday home in it.
Tip Two – Good Investment/Bad Investment
If you’re buying a vacation home with a hope that it will go up in value and be not only a family retreat but a great asset, know that real estate, just like any investment commodity, can go down in value as well as up. Furthermore not all countries have a real estate economy the same as the one in your own country – a little research would be wise into the historic nature of the property market in your country of choice as well as predictions for its future. While such data is not a direct indication of how well your investment will perform it will arm you with more data to hopefully make your decisions easier.
Tip Three – Title Deeds and Legalities
Legal systems and the title deed registration process differ from country to country therefore know your legal rights and try and find out about the essential searches, surveys and title deed checks that need to be conducted before you should commit to buying your overseas vacation home. Never enter into any form of contractual agreement without the direct assistance of an independent lawyer and never accept someone’s word that a vacation home has its permissions and title deeds valid and up to date. Insist on seeing and checking all important facts and data before signing on the dotted line.
Tip Four – Accessibility and Desirability
If you’re thinking about making an income from your vacation home or even hoping to holiday in it yourself regularly, one of the most important factors to bear in mind is the accessibility or otherwise of your vacation home. If your real estate is difficult to reach, with many miles to traverse and complicated and expensive plane journeys to plan, then it will just become a less desirable commodity over time. While a vacation involves getting away from it all and escaping every day life, a vacation destination and home should be easy and affordable to reach.
Tip Five – Enlisting Assistance
Consider enlisting the help of a reputable real estate agent, an independent lawyer and if you want to make money from your vacation home, a property management service. Such professionals can save you time, effort and money and they can make the whole process of buying and owning a vacation home that much simpler. Make sure you take references, examine credentials and see qualifications before employing anyone to assist you however, and if at all possible seek recommendations because anyone who does a good job will always get good press!
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Tags: Buying Property > Investment Property > Overseas Property > Overseas Real Estate > Property Abroad > Real Estate Abroad > Real Estate Investment > Vacation Property > Vacation Real Estate
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9 Responses to “5 Tips for Overseas Vacation Home Buying Success”
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December 9th, 2009 @ 9:56 am
My brother & I took a vacation, or more like a trip. Here is our story:
The wildwood flower grew wild on the farm
And we never knowed what it was called
Some said it was a flower and some said it was weed
I didn't gave it much thought…
One day I was out there talking to my brother
Reached down for a weed to chew on
Things got fuzzy and things got blurry
And then everything was gone
I Didn't know what happened
But I knew it beat the hell out of sniffin' burlap
I come to and my brother was there
And he said, 'What's wrong with your eyes?'
I said, 'I don't know, I was chewing on a weed'
He said, 'Let me give it a try'
We spent the rest of that day and most of that night
Trying to find my brother, Bill
Caught up with him 'bout six o'clock the next mornin'
Naked, swinging on the windmill
He said he flew up there
I had to fly up and get him down
He was about half crazy
The very next day we picked a bunch of them weeds
And put 'em in the sun to dry
Then we mashed 'em up and we cleaned 'em all
And put 'em in the corncob pipe
Smokin' them wildwood flowers got to be a habit
We didn't see no harm
We thought it was kind of handy
Have you ever take a trip and never leave the farm
A big ol' puff on the wildwood weed
Next thing you know
We's just wandering behind the little animals
All good things gotta come to an end
And it's the same with the wildwood weed
One day this feller from Washington come by
And he spied us and he turned white as a sheet
And he dug and he burned
And he burned and he dug
And he killed all our cute little weeds
Then he drove away
We just smiled and waved
Sittin' there on that sack of seeds
Y'all come back now, ya hear
December 9th, 2009 @ 10:12 am
The only all inclusive trips I have taken have been cruises which I liked because I just unpacked once, settled in, then could choose if/when I wanted to go on shore excursions, or explore all the wonderful activities offered aboard the ship.
As the other answerer said – drinks, massages, beauty salon, etc. on board were NOT included, but there was a lot that was. It all depends on what you like to do & what your tastes are.
Best thing would be for you & your wife to do what he did – type in all inclusive vacations in your browser search line & review what comes up, then keep adding a keyword until you narrow it down to just those that fit the activities, locations, etc. that both of you like.
Good luck!!
December 9th, 2009 @ 5:53 pm
you seem underweight. If you are going on vacation, the best advice i can give you is to HAVE FUN and eat the best and tastiest foods while you are at it. With an active lifestyle, your not going to add or lose too much weight.
December 9th, 2009 @ 11:11 pm
You need to get a Japan Rail Pass which gives you unlimited travel for the time you opt to purchase for………1 week, or 2 or 3 weeks .If you are just going to be on Honshu Island you can actually get a pass that is a bit cheaper just for that island.You could also look at the JAL flight passes but you miss the scenery if you fly.You must buy this Pass in YOUR country…………..you cannot buy them in Japan and you will save yourself a huge amount of money.
Look around Tokyo ………and do take a day trip to Kamakura…….go to the Tsukiji Fish Market on the way.
If you plan to go to Kyoto which is gorgeous you can mostly walk if you choose accommodation in a good location. There are maps with walking routes you get at the station.You won't get top see it all just do one section – we opted for the area near Murayama Park.There are so many shrines, temples gardens etc near here.
Catch the bus to Fuji go ko – Fuji Five Lakes…it is only an hour and a half and just beautiful …….at the base of Mt Fuji. Then take the bus to Gotemba which is a beautiful trip round the base of Mt Fuji through old traditional villages with thatched cottages etc.Change to a bus for Mishima – just catch the bus behind they call it Station 2 to Station 3.but was quite literally just the bus behind the one we got off. This bus takes you right to the Shinkansen which you can catch through to Kyoto.
If you go to Osaka, you should try and go further on to Himeji and see the castle …………probably the best in Japan and the Shrine and then on to Osaka. You could go on a little further to Okayama which has one of japan's best gardens but from Okayama you can take an ordinary train to Kurashiki – only 30 minutes ……..which is a really beautiful Edo period town.
You can look at these places at http://www.fascinating-travel-destinations.com/japanese-holidays.html
December 9th, 2009 @ 11:59 pm
This website might help , check it out –
http://www.usairwaysforum.com/
December 10th, 2009 @ 1:31 am
It must be a slow day in the J.J. household today. But to answer another of your fabulously funny questions, I will give it my best shot. Go out in the garage, climb up into the attic and get out all the seldom used camping equipment. Then, after you have removed all the camping stuff, take into the living room and set up the tent with your sleeping bags, etc. You may have to go outside to find enough rocks to build your fire pit, but place it near the tent so you will not get cold during the night. Go to your local convenience store and pick up enough wood to last through the night. Then return home, turn your air conditioner down to 60 degrees. When your husband comes home, you can have a nice roaring fire going, with a cup of hot chocolate and only wearing a smile. It will be the best at home vacation ever. Good luck with that.
December 10th, 2009 @ 12:22 pm
book supplier direct to avoid cancel or non refundable fares.
dig up association member cards, like AAA or AARP, you can get 10-15% off the weekly rate, (weekly rates are 5x the daily)
check with the company you work for, they may have a coporate agreement in place that may be available- many of these agreements waive airport fees and taxes, add'l driver and underage driver fees- real expensive fees here.
Also return the car to same location to avoid drop off charges and lastly, reserve a Compact car, most people are looking for smaller cars now with the most fuel efficiency. So reserve a smaller car and most likly they will upgrade you for free at counter.. if you wanbt a larger car, reserve in advance as paying for an upgrade at counter is usually much higher. oh, yeah, bring a copy of insurance card with you as well..
December 10th, 2009 @ 6:18 pm
December 11th, 2009 @ 3:57 am
at grand teton national park go hiking up to lake solitude, its 15 miles round trip but 100% worth it. In yellowstone I would recommend spending time just driving around looking at the wildlife, maybe hike to the top of Mount Washburn (only like 6 miles) oh and go to Bubba's Barbeque in jackson hole!!!!!