Purchasing Procedures

Purchasing Procedures

As previously mentioned, it is important that you as a buyer have given some thought before you make the final decision on a house purchase abroad. Property Abroad recommends that you make the following considerations:

How much you are willing to invest in your new home?
What is the purpose of housing purchase:

– If you only use your property as holiday residence?
– Want to use your home as a short term investment the form of a quick increase in value?
– Do you want to use the property as a long term investment in value and
intended to rent out?
– or do you want a home that respects both a business and an investment objective?

It is therefore crucial to find a broker / agent that you trust and that offer relevant and interesting topics in accordance with the considerations we have gained.

You can in our  broker database  get an overview of all the brokers who are in the country, and by a visiting individual brokers websites get an idea of prices, etc.

There are certain pitfalls associated with buying real estate abroad, as one buyer must be aware on.We Danes have become accustomed to that professional actors to assume virtually all liability in connection with a Danish real estate.In Denmark, the property field subject to extensive regulation, which include intended to protect the buyer. Both lawyers and real estate agents in Denmark imposed a rådgivningsansvar, and in case of errors committed by them are several complaints and redress which the buyer can avail of.

When buying a home in Montenegro, however, it is important that you as a buyer guard against the pitfalls greater extent than if the property was located in Denmark. It is inter alia important to pay attention to whether:

– the seller has title to the property,
– there is debt in the property
– all necessary permits and licenses are in place for the building
– which can be provided connecting certificates and / or statements of previous consumption,
– there is a thing like deed
– the buyer’s money is locked until the takeover of the apartment.

Property Abroad recommends that you contact an attorney who can help with the above. Property Abroad cooperates with the following lawyers. May you discover an error or to have additions, we will be very grateful if you write an email to info@boligudland.dk .  We will, as quickly as possible, investigate and correct this. 

 

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