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.