Every year thousands of people worldwide dip their toe into the international real estate market. It's easy to see why too; helpful real estate agents and promising prices make the move incredibly attractive. Forgetting the business side of things, having property in another country can be just as satisfying as the price that you would pay for it.

For example, if you live in Britain, a country known for harsh winters, it's great to have the ability to go to sunny Spain for the winter and stay at a home that you own. Also when you are not there, you can rent it out using apps such as Air B & B and actually turn a profit down the line.

Whatever your motivation for getting some real estate abroad, there are a few things to take into account before you make that leap. In this article, you will see all the things that you should consider before you put your name on that dotted line.

Research

No matter what area of business that you are in you will know that research is a must when money is involved and international real estate is no different. Whatever location that you choose you need to research the market, the local real estate laws and the local area.

Before you even meet a real estate agent you need to know as much as possible so you don't get in trouble down the line. There is nothing worse than buying a dream home abroad only to find out a year later that you live in a bad area or you are not allowed to redecorate on your own property. Avoid this disappointment by leaving no stone unturned and researching as much as humanly possible.

Only use a real estate agent

It happens all the time, a friend of a friend has a real estate opportunity that you just can't pass up. All they want is a money transaction and a handshake and your dream home will become yours. It may sound ideal, after all, who enjoys endless paperwork and third party payouts? However, doing a deal without a real estate agent will leave you incredibly vulnerable.

Real estate agents might charge a lot of money but more often than not they will have your best interest at heart so it's always good to go through an agency with a good reputation. The advice and guidance that you will get from a real estate agent will be priceless and well worth the fee.

Work with a lawyer

Just as you need to ensure that you work with a real estate agent, you also need to ensure that you work with a lawyer. A lawyer who is familiar with international legislation will be able to give you the guidance that you need to make the right decisions.

Get all documents translated

When you start to build up a good relationship with your real estate agent or the seller you can often be lulled into a false sense of security and forget to check important documents. You will most likely be working in a language unfamiliar to you so make sure that you get everything translated and checked to ensure everything is on the right track.

Aim to save on mortgage payments

When you have translated and understood all the documents you will be ready to pay for your property. Before you do make sure that you consider the currency exchange. If the price doesn't work in your favour, change your money and try to set up regular payments through a currency transfer service.

If you have bought real estate before or you are simply considering it, there is a big chance that you have done the necessary work and know what moves to make as well as what to consider. However, it is always good to have some extra tips and advice. So, make sure that you have considered all of the above if you want to make the transition into international waters a smooth one.

Martha McIntire is part of the team behind ABN-Lookup.com