An overseas property specialist has advised potential buyers to ensure that that they have an exit strategy from the outset.
Ray Woods of www.maltabuyproperty.co.uk said,
“Too many potential buyers get caught up in the details of buying a property without considering what happens if circumstances change later - and they need to sell the property. This can include health or financial issues, family ties or even disillusionment with their property dream.
Whatever the reason, the possibility of the need to resell a property should be part of the criteria when buying the property at the outset. For example a property in a predominantly tourist area, may be more difficult to resell than one closer to the main centres of employment.
An asset’s worth is driven by its resale value - not the price at which it was purchased. Potential buyers should do their research thoroughly and have a clear understanding of resale potential.”
Ray and his wife Elaine, established their web site after buying their own holiday home in Malta 5 years ago. In conjunction with Frank Salt Real Estate of Malta, they organise escorted viewings - and provide a hot line for prospective buyers of property in Malta to obtain informal advice and guidance at all stages of the buying process.
Their web site can be found at www.maltabuyproperty.co.uk or their UK Freephone number is 0800 781 1898.
Issued by Ray Woods of www.maltabuyproperty.co.uk. Mobile: 07967 686230
Contact: Ray Woods on UK Freephone 0800 781 1898 or 00 44 121 350 1337.
Jpeg available of Ray and Elaine outside their Malta home.
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