Risks of Buying Real Estate Abroad: How to Find a Reliable Agent

Want to invest in real estate abroad? It is a great investment, but you should not forget about caution. In this article, we will tell you about the types of fraud that can await you when buying a home in other countries, and how to find a trusted agency that will ensure your safety and benefit from the transaction.

Fraud with lying sellers or intermediaries

One of the most common schemes to deceive buyers is to pose as the owner or authorized person of the seller, having no connection with him. Such scammers usually offer a very low price for the apartment and ask to leave a deposit for reservation. After the buyer sends the money, the scammer disappears. It later turns out that the apartment is either not in his ownership or does not exist at all.

To avoid falling victim to such fraud, you should always check the documents for the apartment and the identity of the seller or his representative. If you are buying real estate through an agency, make sure it is licensed and has a good reputation. Also, do not agree to a deal without signing a sales contract and receiving a receipt.

Apartment Replacement Fraud

Another way to deceive people is to show them one apartment and sell them another. This happens if the buyer does not check the technical address of the apartment, which is recorded in the cadastral office, but relies only on the postal address, which may be false or changed. Fraudsters also falsify or replace documents for the apartment to hide its real characteristics.

To avoid falling into such a trap, you should always order an expert assessment of the apartment, which is paid for by the buyer. The assessment includes checking the technical address, photographs of the property, an assessment of the market value and other important characteristics. It will help to make sure that you are buying exactly the apartment that you were shown and that it meets your expectations.

Buying Furnished Apartments and Other Unpleasant Surprises

In addition to fraud with fictitious sellers and substitution of apartments, there are other risks that lurk when buying real estate abroad. One of these is buying an apartment with furniture that does not correspond to what you agreed on. For example, you agreed with the seller that the price of the apartment includes all the furniture that is in it at the time of the demonstration of the property. However, when you receive the keys and arrive at the apartment, you see that some or even all of the furniture has disappeared.

To avoid such a situation, you should first indicate in the purchase and sale agreement what furniture is included in the price of the apartment, and if possible, attach photographs. Before transferring money for the property, you should make an appointment in the apartment itself, inspect its condition, the presence of furniture that was agreed upon in advance. And only then can you go to the cadastral office, formalize the purchase, take the keys, and after you have the title deed in your hands, immediately change the lock.

How to avoid hidden problems with real estate and documents

When buying a property, it is important to consider not only its price and location, but also its quality, condition and legal purity. Otherwise, you may encounter hidden defects that will result in large expenses or problems. For example, pipes, wiring, heating or other important elements that were not visible during inspection may be damaged. Or the apartment may not have the necessary documents, such as a technical passport for the house, a building permit, a certificate of ownership, etc.

To avoid such situations, it is recommended to conduct a thorough inspection of the property before purchasing, or better yet, contact professionals who will identify all possible defects and estimate the cost of correcting them. It is also necessary to make sure that the seller or real estate agency has all the documents for the apartment, confirming its legality. If you find any problems with the property or documents, you can ask the seller for compensation for their solution, ask to reduce the price, or refuse the deal. will help you make the right choice and ensure fair and favorable conditions when buying real estate.

How to avoid being deceived when buying an apartment and completing paperwork

One of the most common risks when buying real estate is the incorrect calculation of the cost of the apartment and documents. This can happen if the seller or real estate agent tries to mislead you by indicating the wrong amount in the contract, not issuing a receipt for payment, or adding some additional payments to the cost of registration. For example, the seller may require you to pay for an expert assessment, taxes, cadastral services, registration in the tax system and other things that should be included in the cost of the apartment or paid for by the seller.

If you do not want to face problems when buying an apartment in another country, you need to be aware of all the latest news and laws regarding real estate in this region. In addition, it is worth using the services of a professional real estate agency, which will calculate the costs in advance and give you all the necessary papers. Do not forget to ask for receipts for each payment for the apartment, which should indicate the property number, the buyer's full name, the amount in numbers and words. The company will provide you with the most up-to-date information on buying real estate abroad. To contact us, you can call +905495287051 or write to infouptrendhomes@gmail.com.

How to choose a good real estate agency

Since purchasing real estate abroad is associated with many risks, it is important to choose a reliable agency that can protect your interests, provide up-to-date information, help with all the paperwork and accompany you at all stages. But how to choose correctly among hundreds of offers on the market? There are some criteria by which you can evaluate the professionalism and quality of the agency.

• A reliable company has accounts on social networks and messengers. For example, YouTube, Telegram channels or other platforms where advertising of services is placed, news, reviews and announcements are published. This approach proves that the agency cares about its image, monitors trends and tries to be accessible to its future and current clients;
• The company's website should contain all the necessary information and be easy to use. It should contain all the information about the agency, its history, license, patents, tax numbers and other documents confirming its legality and legitimacy. It is also worth paying attention to the photos of the employees and their data so that you can check who you are contacting and who represents you. In addition, the website should contain fresh advertisements for rent and sale, photos and videos of apartments, prices and conditions, customer reviews, etc.;
• A reliable agency is open to contacts with its clients: it answers their questions, requests and comments, and solves problems that arise. Moreover, such an agency necessarily has positive reviews from real clients confirming its competence, integrity and level of work;
• Pay attention to the agency's experience in the real estate market of the region where you are going to buy an apartment. The company should know all the details of the legislation, taxation, paperwork and other processes related to buying an apartment abroad. The agency is also obliged to monitor current trends in the market to provide you with the best options. Do you want to learn more about important information and learn more about the nuances of buying real estate abroad? We suggest you read the article;
• Experienced staff who know the intricacies of working abroad, who can establish contacts with the client, solve problems, formalize transactions and collect documents is an indicator of quality. This also applies to management - it must be competent, responsible, have mandatory certificates and accreditations, and also strive to improve the level of knowledge of its employees and their qualifications;
• A reliable company should work honestly, without hiding information from you, without misleading you, without trying to "palm off" something expensive or unnecessary, without being disingenuous about the price, quality or legal history of the property. The agency should provide you with complete and reliable information about the property, the transaction process, the cost of registration and other expenses. The employee is obliged to answer all your questions, provide important documents - receipts, contracts, photographs, videos and other materials confirming his words;
• The company should help you at all stages of the transaction, from searching for and choosing an apartment to completing the paperwork and receiving the keys. The agency takes responsibility for completing the paperwork, checks the documents, helps you with the cadastral office, tax office, bank and other authorities where it is necessary to sign papers, transfer funds, register the right of ownership, and so on. All this is spelled out in the contract between you and the agency, which specifies the services, terms, cost and powers of the parties. Working with an agency, you should not worry about something going wrong.

In addition, a reliable company not only helps you with the purchase of real estate, but also maintains contact with the client after the transaction is completed. It offers the so-called after-sales service, which includes assistance with various questions and tasks that arise after you become the owner of real estate abroad.

For example, the company helps you with the registration of meters, communications, payment of aidat, taxes, consultation on schools, hospitals, residence permits, insurance, purchase of furniture, organization of delivery, transfer, cleaning, etc. This is the best agency that cares about you and your comfort not only before but also after purchasing an apartment.