Home / Books / Book Review: Kathleen Peddicord’s How To Buy Real Estate Overseas

Book Review: Kathleen Peddicord’s How To Buy Real Estate Overseas

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How To Buy Real Estate Overseas by Kathleen Peddicord is an important resource for anyone contemplating the purchase of property overseas.The author discusses some important considerations which buyers must know before purchasing property.

For instance, prices in Boquete, Panama are cheaper from their 2008 highs. Nonetheless, buyers must understand that the rights of possession and freehold title may not be the same as in the United States. The author cautions buyers to become thoroughly familiar with the laws that govern a perfected title in an overseas country and particularly in Panama.

Peddicord cites Belize, Puerto Vallarta, Mexico, Punta del Este in Uruguay and Parque Lleras, Columbia, as highly desireable places to retire. Puerto Vallarta is an important tourist stop with plenty of excitement, partying and adventure to enjoy.

Mongolia is fast becoming a desireable place to live due to the low cost of living and the government embrace of democracy in recent years. Highly desired farmland can be purchased for $1000 an acre in Uruguay which is yet another popular retirement hot spot.

One prime audience for How To Buy Real Estate Overseas  is likely to be people contemplating a retirement overseas. The author deals with many of the issues that need to be considered, although here are a few potential glitches that she doesn’t discuss.

First, retirees should become thoroughly familiar with their health care issues before leaving the United States. Many health issues can be addressed with vitamins, herbs, exercise, physical therapy and stress reduction. Nonetheless, retirees should be be prepared for a return to the United States if a correct diagnosis is difficult to arrive at. For this reason, all medical issues should be investigated prior to retiring to a foreign land.

Retirement overseas is becoming an option increasingly due to the cost of living issues; however, retirees should know what they’re getting into before making the leap. The smarter option may be to buy property overseas and rent it for a supplemental income or to purchase a timeshare arrangement.

Lastly, potential retirees should consider purchasing a language package that guarantees a basic foreign language fluency in several weeks – being in a foreign land without speaking or reading the language is a risk.

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About Dr Joseph S Maresca

I've taught approx. 34 sections of collegiate courses including computer applications, college algebra, collegiate statistics, law, accounting, finance and economics. The experience includes service as a Board Director on the CPA Journal and Editor of the CPA Candidates Inc. Newsletter. In college, I worked as a statistics lab assistant. Manhattan College awarded a BS in an allied area of operations research. The program included courses in calculus, ordinary differential equations, probability, statistical inference, linear algebra , the more advanced operations research, price analysis and econometrics. Membership in the Delta Mu Delta National Honor Society was granted together with the degree. My experience includes both private account and industry. In addition, I've worked extensively in the Examinations Division of the AICPA from time to time. Recently, I passed the Engineering in Training Exam which consisted of 9 hours of examination in chemistry, physics, calculus, differential equations, linear algebra, probability/ statistics, fluids, electronics, materials science/structure of matter, mechanics, statics, thermodynamics, computer science, dynamics and a host of minor subject areas like engineering economics. A very small percentage of engineers actually take and pass the EIT exam. The number has hovered at circa 5%. Several decades ago, I passed the CPA examination and obtained another license in Computer Information Systems Auditing. A CISA must have knowledge in the areas of data center review, systems applications, the operating system of the computer, disaster recovery, contingency planning, developmental systems, the standards which govern facility reviews and a host of other areas. An MBA in Accounting with an Advanced Professional Certificate in Computer Applications/ Information Systems , an Advanced Professional Certificate in Finance and an Advanced Professional Certificate in Organizational Design were earned at New York University-Graduate School of Business (Stern ). In December of 2005, an earned PhD in Accounting was granted by the Ross College. The program entrance requires a previous Masters Degree for admittance together with a host of other criteria. The REGISTRAR of Ross College contact is: Tel . US 202-318-4454 FAX [records for Dr. Joseph S. Maresca Box 646 Bronxville NY 10708-3602] The clinical experience included the teaching of approximately 34 sections of college accounting, economics, statistics, college algebra, law, thesis project coursework and the professional grading of approx. 50,000 CPA examination essays with the American Institute of Certified Public Accountants. Additionally, membership is held in the Sigma Beta Delta International Honor Society chartered in 1994. Significant writings include over 10 copyrights in the name of the author (Joseph S. Maresca) and a patent in the earthquake sciences.