Relocating to a Foreign Country
While owning a home may be a dream for many, purchasing a residence overseas is the ultimate fantasy for the more daring few. And whereas some may be content with simply flipping through real-estate brochures, others are actually acting on impulse and investing in exotic and far-flung properties.
Based on recent statistics on people looking at property for sale in Cebu, the number of owners retiring and moving overseas is picking up at a fast rate. In fact, compared to previous generations, baby boomers are more open to stepping over the line and trying their luck in a different country. Thus, real estate Cebu selling has been thriving for some time now.
Many factors have been fuelling this trend in the property market. First, the Internet makes research and home shopping possible from anywhere. Second, the real-estate boom has fuelled suspicions that make it possible to mortgage one house in order to purchase another. Third, globalisation has simplified borrowing in many banks for the purpose of buying a property overseas.
Of course, relocating to another country such as the Philippines is more than just having removals specialists pack, ship, and unpack your residence. There are also other important concerns to consider, such as insurance needs, temporary accommodation, children’s schooling, and visa procurement, among others. Nonetheless, there is probably no other greater cause for worry than the fear of failing your family’s expectations. These are just some of the things that you have to settle before leaving.
Of course, if you want to test the waters first, you can always retain both residences and spend enough time in each. For instance, school break may be spent holidaying in the foreign home. Although the expense of keeping two houses may be costly, this alternative is much better than making the move and then regretting it in the future.
Nonetheless, you can always designate an agent to do the work for you. This option should save you time, money, and effort. But if you do not mind all the stress, you can always do the hunting yourself to ensure that you find something that is suitable to your needs.