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Buyer Guide

Buying from abroad: a checklist for non-resident buyers

Confirm your home-country rules for sending money abroad, line up your identification and source-of-funds paperwork, and appoint someone you trust to attend viewings and handover.

Check the rules at home first

Many countries regulate how much money residents can send abroad and for what purpose. Check the rules that apply to you, such as India's Liberalised Remittance Scheme, with your bank or a qualified adviser before you commit to a payment schedule.

Prepare identity and source-of-funds documents

Developers, banks and the regulator will ask who you are and where the money comes from. Having passports, proof of address and evidence of funds ready speeds everything up and avoids last-minute surprises.

Use the right payment channel

Pay by bank transfer to the named escrow account, from an account in your own name where possible. Avoid cash and third-party payers, and keep every transfer receipt.

Appoint someone you trust

A family member or adviser who can attend viewings, sign for keys and inspect the handover can make remote buying far smoother. If you grant a power of attorney, keep its scope as narrow as it can be.

Plan for handover and afterwards

Think about who will furnish, let or manage the home, how service charges will be paid, and how you will receive notices. A purchase made from abroad still needs a person on the ground.

This article is general information, not financial, legal or investment advice. Market conditions and regulations change — speak to a consultant before you decide.

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