How To Close On A Foreign Property Purchase
Dec. 23, 2011, Stowe, Vermont: When making a property purchase in a foreign country, it’s critically important to do a walkthrough and to make a punch list before closing on the purchase.
Dear Live and Invest Overseas Reader,
A couple of friends have taken possession of new-construction apartments recently, both in Panama.
Actually, they haven't taken possession quite yet. The developer in each case has informed them that the apartment in each case is ready to be turned over, meaning it's time for the buyer to close.
But both these friends have been around enough to know not to take a developer at his word.