5 Top Tips When Selling An International Property
The must-read checklist before selling a property in another country.
Have you recently considered selling your international property? The recent weakness in Sterling GBP may mean you receive more pounds back for the foreign currency you receive when you sell your property. As selling a property can be just as stressful as buying a property, we thought it would be useful to create a quick checklist to help you on your way.
Local Agents
The best estate agents are usually local that understand the surrounding areas well. Try to get recommendations from neighbour properties.
Legal Advice
Always seek good legal advice before selling in a new country
Translator
A good translator will help when processing contracts in foreign languages and also in negotiations
International Payments – Currency Transfers
Ensure you receive the best exchange rates when sending money back to the UK by comparing your existing foreign providers
Tax
Are you likely to face any tax liabilities through the sale of the property? Speak to a good accountant
How can Mayfair FX help?
- Gives you access to both Spot or Forward contracts
- Charge you a small FX margin ‘Spread’ – save up to 3% compared to using a Bank or FX Broker
- No hidden fees or charges
- Online platform to check & book currency rates 24/7
- Hassle-free registration
How to get in touch?
Call – 0203 66 77 345
Email – team@mayfairfx.com
Website – https://www.mayfairfx.com/register/