Facilitating International Real Estate Transactions
Purchasing property from abroad is straightforward when working with First Title Group and our sister company, ACMM Consulting. ACMM assists with establishing a corporation and managing the necessary documentation. Funds are transferred to our escrow account, enabling the client to sign all necessary documents from their home country.
Understanding Escrow Accounts
An escrow account is a fiduciary account, providing protection under the insurer’s policy. It safeguards the funds until the transaction is complete.
Buying a Home Abroad: Key Considerations
Purchasing a home from outside the country requires careful planning and attention to detail. Let’s examine the crucial steps and potential risks involved.
First, ensure your personal documentation is up-to-date and valid. Working with a real estate agent who can showcase properties via video is highly beneficial. Equally important is selecting a title company experienced in handling international transactions, ideally one offering digital closings or a local presence for support. Establishing contact with a bank or mortgage broker to secure financing is crucial. Finally, remember that down payments typically range from 5% to 20% of the home’s value. For more information on the fees and risks involved in international real estate transactions, see real estate transactions fees risks and title insurance. This process is further detailed in international real estate a smooth secure process. See also: international expansion title disputes and tax support
Disclaimer:
All the information provided in this article is for informational and reference purposes only. First Title Group is not responsible for any decisions readers may make. Each situation is unique, and we recommend seeking our advice before making important decisions regarding title insurance. Contact us via WhatsApp at +1(786) 624 9154 or send an email to info@firsttitlegroup.com.