Setting your intention to by overseas

The first step to buying overseas is to consider your options and to formalise your intentions. These may change or you may head off in another direction, but at least you’re organising your thoughts. So, if you are in the very early stages of thinking about buying overseas but are not quite sure where to go from there, or who to turn to for advice, settle down for a good read and let’s begin at the beginning.

Take the time to create a specific intention detailing what you would ideally like to achieve. For example, if you’re going to buy a holiday home, what would be the perfect property and the perfect location? If you’re buying for investment purposes, how much money do you want to make over and above the mortgage payments? At this stage, you may be totally off the mark about what is available – or indeed possible – but you need to start somewhere. Have a look at a few brief points below and see if you can start by answering some of them:

- Any idea of which area or region you are interested in?

- Town or countryside?

- What sort and size of house?

- An old house or a new build?

- How big a garden/terrace?

- Distance from shops/restaurants?

And what about answers to these questions?

- Distance from airport?

- Will you renovate or redecorate?

- What do other family members want?

- How soon do you want to get the ball rolling?

- How much time to you want to spend at the property?

- When would you like to have the property?

- How would you feel once you get your property?

- If you were to think of the ideal scenario, what would it look like? Don’t be afraid to let your imagination run wild.

Once you’ve had a chance to mull your intentions around in your head, write them down. This will allow you to start your search and successfully do your research! After you’ve determined your budget, done a few sums, researched information and gathered data from a variety of sources, you’ll then be in a position to think about accurately setting an objective.

The more time you take to really get to grips with what you want, why you want it and when you want to achieve it, the easier it will be for you to achieve you ambitions. Many people set off not knowing what they want and end up getting something that is not really ‘perfect’. With a bit of time for day dreaming and a log of your notes, you’ll set yourself up for a better outcome than just ‘winging it’.



Kim Brown
The Overseas Guides Company
http://www.Overseasbuyingguide.com