Overseas: With a little help...

Buying abroad can be a tricky business. But house-hunting agents can save you time and trouble, says Laura Latham

view gallery VIEW GALLERY

House hunting is never the fun it should be. We start out with dreams of the perfect overseas pad only to be beaten into a compromise by lack of time, information or availability of decent properties.

That's where a property finder can be worth their weight in gold. They take the hard work out of sourcing homes to your specification, and try to help the whole purchase run smoothly.

"Buyers don't understand how long the process can take," says Barbara Wood of The Property Finders, which has agents in several European countries. "It can go on for months, especially if you're working full time or have a family."

Wood's team won't source properties until a thorough brief has been drawn up on their client's needs and circumstances. Then they search for homes that fit the bill as closely as possible, only showing clients properties that they also know are legally available.

"Estate agents work for the seller and can only offer you what's on their books, yet much of the best property is sold via word of mouth," Wood says. "We have the knowledge to search markets for homes that won't be advertised. Estate agents also won't necessarily look at the paperwork to check a home is fully legal, but we do."

The Property Finders takes a €900 (£714) registration fee and 2.5 per cent commission on a successful purchase. Wood says that good agents should be able to make back their costs by negotiating on price.

Business owner Bob Watson, who engaged The Property Finders to source his villa in Catalonia, was happy to hand over the reins after he failed to find a suitable place himself. He says that without their expert help in sorting out practical and legal issues, he almost certainly would not have made the purchase. "It makes sense to have someone doing the legwork for you," says Watson. "I think it's worth it for anyone. A good agent saves you time and also gives peace of mind."

Search agents come into their own in difficult markets. European cities can be especially tricky if you can't visit in person or don't speak the local language. Estate agents in Rome or Paris, for example, work differently to the UK; many aren't geared up for overseas buyers.

Miranda Bothe, a qualified estate agent who now works for Paris Property Finders, says that around half of the homes in the French capital don't make it on to estate agents' books. "If you're not local, it's almost impossible to find good property," she says. "A search agent can save you a lot of time as they'll scout out the properties first. Only when I have seen apartments that I know will absolutely suit my client do they come to look for themselves."

Bothe charges 3 per cent commission. She says she can help buyers find the best value for their budget, recommend up-and-coming areas and advise on locations to avoid. Like Wood, she'll also help with contracts, legal advice and after-sales services, such as finding decorators and builders. "Clients are paying for a personalised service, but also for my extensive knowledge."

If you have aspirations to own outside Europe, London-based Quintessentially Estates could be right for you. "We can save you money and time," says the company director, Lucy Russell. "We have in-depth market knowledge, can help with legal aspects and offer a three-month after-sales service."

The company will discuss at length what you're looking for, be it a second home, relocation property or a pure investment. Russell's team will then shortlist a selection and arrange for you to visit them in one hit. Once you've made a choice, they'll put you in touch with a lawyer. "We work with the best local advice and recommend people who know what they're doing," says Russell. Quintessentially charges a registration fee of £500, redeemable against the final purchase, and a 2 per cent commission. Russell claims that her company often has exclusive access to properties, and says her clients are busy people who can't spend months viewing properties and going through a protracted purchase.

Paris Property Finders: 00 33 (0) 1 7277 0039, www.parispropertyfinders.com; The Property Finders: 0800 622 6745, www.thepropertyfinders.com; Quintessentially Estates: 0845 224 3658, www.quintessentiallyestates.com

How to make the most of agents

*When engaging a property finder, quiz them about their professional credentials and level of experience to see how well they know the market.

*Registration fees are usually non-refundable should you not go ahead with a purchase, and you may also be asked to cover an agent's expenses.

*Be honest about what you can afford and what you want. An agent can only help you if they have accurate information.

*Ask what level of service the agent provides. Do they help with translating documents, appointing legal staff, and connecting utilities once the sale has gone through?

Independent Comment
blog comments powered by Disqus
Career Services

Day In a Page

Dawn of the age of wireless medicine

Dawn of the age of wireless medicine

New technology means doctors will soon be able to regulate and monitor drug intake remotely – as long as patients remember to swallow their chips
Pete Doherty: I was a bit unhinged

Pete Doherty: I was a bit unhinged

Former Libertine talks frankly and exclusively about Kate Moss, Amy Winehouse, his baby daughter and why he paints with his own blood
Brown makes £1m since leaving No 10 (but Blair's still the leading earner)

Brown makes £1m since leaving No 10...

... but Blair's still the leading earner
The West Bank's Bobby Sands

The West Bank's Bobby Sands

Khader Adnan's two-month hunger strike has made him a hero among Palestinians outraged by Israel's policy of arbitrary detention
Hey, You've got to hide your drug away

Hey, You've got to hide your drug away

Paul McCartney has given up smoking dope. Simon Usborne charts a career of highs and lows
MI5 helped US in fruitless search for Charlie Chaplin's Communist past

Investigating Charlie Chaplin

MI5 helped US in fruitless search for star's Communist past
Eat, drink, man, woman: Is there such a thing as a gastronomic gender divide?

Is there such a thing as a gastronomic gender divide?

A dainty piece of sushi for the lady? And perhaps a rare steak for the gentleman?
A very good cuppa: Some of our best restaurants are embracing the afternoon tea tradition

A very good cuppa: Restaurants embrace afternoon tea tradition

You don’t have to visit a tourist trap, says Luke Blackall
The 10 Best Juicers

The 10 Best Juicers

From the Bistro drip-stop to Cook's Essentials' retro juicer...
How to make cheese in a matter of minutes

How to make cheese in a matter of minutes

You won't even need to go to the shops for supplies, as Will Dean discovers.
The day I danced for a place in Danny Boyle's Olympics spectacular

The day I danced for a place in Danny Boyle's Olympics spectacular

Tom Peck auditioned for the London 2012 opening ceremony. But was he asked back?
Is Wenger finished at Arsenal?

Is Wenger finished at Arsenal?

Milan debacle shows manager has let Gunners become an average team who are set to fall further
Ronnie Henry: Tale of the two Ronnies shows that it really is a funny old game

Tale of the two Ronnies shows that it really is a funny old game

Ronnie Henry won '61 Double with Spurs. His grandson failed to make it at the Lane but will now captain Stevenage when the clubs meet in the FA Cup
Dereck Chisora: From drugs and weapons to a fight with Dr Ironfist

Dereck Chisora interview

From drugs and weapons to a fight with Dr Ironfist
London Eye: A taste of the high life from the man who found Bleasdale

Simon Turnbull's London Eye

A taste of the high life from the man who found Bleasdale