Navigating the Complexities of International Real Estate Purchases
As the world becomes more interconnected, more and more people are looking to buy property in other countries. However, navigating the complex processes and timelines involved in international real estate purchases can be overwhelming, especially when unexpected surprises arise. In this article, we will explore some of the ways that technology is helping to make these processes more manageable.
One of the biggest challenges of international real estate purchases is timing. Different countries have different timelines and expectations, and unexpected delays can cause frustration and financial strain. The Portugal Company, specializes in helping American and Canadian clients purchase property in Lisbon. They have seen cases where clients have had to wait six or seven months for a license to be issued by the town hall of Lisbon, which can disrupt the entire process. While they can’t control these timelines, they work closely with their clients to manage their expectations and help them plan accordingly.
Technology is also changing the way they interact with clients during the purchasing process. In-person meetings are still important, but they also offer virtual meetings via Zoom or Teams. They’ve even completed some purchases entirely virtually, using videos, images, and virtual calls to show clients different properties. They also utilize technology to help clients sign documents remotely, with the help of a Portuguese lawyer.
Flexibility is another key benefit of technology in international real estate purchases. They have worked with clients who have stayed in the US while we helped them purchase property in Lisbon. These clients were able to rely on technology to stay connected with us throughout the process, and they were able to work remotely from their new property in Lisbon once the purchase was complete.
While technology has certainly made international real estate purchases more manageable, unexpected surprises are still a reality. That’s why it’s important to work with experienced professionals who can help you navigate these complexities. The Portugal Company, prides themselves on their expertise and our commitment to their clients. If you’re thinking of purchasing property in Lisbon, they would be happy to help you through the process.