Discovering whether your chosen destination or property is as good as it seems on paper is often essential. Remember that inspection trips should be far more than an inexpensive way to enjoy a mini break in the sun.
Having narrowed it down to where and what you are considering buying, it is as important to consider why. Inspection trips help you get the formula right: Where are the local amenities? How easy is the property to reach? Where will your renters/future buyers come from? Is the market in your chosen area due to be saturated soon? Are you buying too high? The answers can only come by checking out in person the convincing patter from your salesman or developer.
This can vary. Real estate agents or developers will sometimes help with the cost of the trip and accommodation, meeting you upon arrival and showing you around your chosen destination. Many companies refund the cost of return flights and accommodation if you buy with them.
Inspection trips normally last between three and five days.
Information is power: the more you have, the better prepared you will be for a worthwhile inspection trip. It’s pointless going to visit a country with a view to buying property there if you are unsure of its economic or political stability, or your chosen destination doesn’t have the local facilities that you need. Read guide books, look at prices and obtain recent internet information as this will save you time and prepare you adequately for the realities of your chosen destination.
The agent will tailor make your visit to show you a variety of properties that are in your price range, including ones you have expressed particular interest in viewing. He/she will be able to answer any questions or discuss any concerns you may have along the way.
Be aware that you are unlikely to be shown the less desirable areas and it is very easy to fall for the sales talk of a skilled salesperson. The trip itinerary should sent to you before you leave home, giving you a clear picture of what to expect from your time with the agent.
Before and during your visit, it’s a good idea to make a list of questions you wish to ask as it is easy to forget to ask while being distracted by your visit. Below are just a few initial questions, a list you will no doubt add to as you go along:
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