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Overseas Property: Warning!

Money : Overseas Property

Warning! If you are buying overseas, be sure to do all your research too.

And remember all the nasty little rules and surprises that you might not suspect would creep up on you but do.

A classic example is with regard to taxes on the property that have not been paid by the current resident.

Why? Because in many countries the new owner of a property assumes responsibility for all the unpaid property taxes and related debts that might have accrued on a property!

Therefore you need to explicitly check that everything is above board and paid up before buying to ensure that there is no sting in the tail, as it were!

By: Fred

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