Is It Possible to Buy a House from Overseas?

lockmc on 19/06/2018 - 22:40
Last edited 20/06/2018 - 09:17 by 1 other user

My partner and I are out of the country at the moment for another 4 weeks. Before we left on holiday, we found a place that we really liked. It. Still hasn't sold and we want to put in an offer. We are not sure whether it's possible to manage this whilst overseas.

I assume we would need to sign physical contracts? Is it possible to have someone sign on our behalf?

Interested in hearing other experiences or opinions on whether it is possible.
Things to sign I guess would be:
- contract of sale
- home loan documents
-?

Financial

Comments

  • RM on 19/06/2018 - 22:52
    +2

    the contracts by email, sign, scan and email back…

    • HighAndDry on 20/06/2018 - 09:38

      At least a few of the documents would need to be printed out, signed, posted back. But otherwise yeah, OP being physically outside the country isn't an issue unless they also have no internet.

  • JimmyF on 19/06/2018 - 23:03
    +2

    We are not sure whether it's possible to manage this whilst overseas.

    If only there was someone you could ask, like the agent…….

    • tomsco on 20/06/2018 - 06:35
      +1

      I'm surprised this isn't a devok forum post.

  • Randxyz123 on 19/06/2018 - 23:31

    My partner and I are out of the c8htry

    Wtf is c8htry??

    Anyway in short yes it’s possible. Why don’t you ring the agent on Skype and find out what needs doing?

  • onetwothreefour on 20/06/2018 - 06:25
    +3

    Are you working on an oil rig?

    • mskeggs on 20/06/2018 - 08:14
      +6

      His courier will collect the house for him.

  • iforgotmysocks on 20/06/2018 - 09:20
    +2

    Is It Possible to Buy a House from Overseas?

    Maybe I'm not sure how you'd ship it back to Australia though.

  • HighAndDry on 20/06/2018 - 09:37
    +1

    Definitely possible, but I'd recommend having someone in the country physically able to check out the property. But yeah, talk to basically any lawyer and they could do arrange things for you.

  • Fergy1987 on 20/06/2018 - 09:45
    +1

    Aren't most houses in the Australia Market purchased by overseas buyers anyway?

  • pjetson on 20/06/2018 - 10:51

    Is it possible to have someone sign on our behalf?

    You can set up a power of attorney with someone local that you trust. That person will then be able sign any and all documents on your behalf.

    However, I'm not sure how easy it would be to do this from overseas - you'd need to make sure that a power of attorney that you make in the country that you're in would be valid in Australia, and you'd need to send the physical document back to Australia, which would take time and/or money.

    Simple (but expensive) answer - fly back to Australia, make the document, then fly back to your holiday same day.

    • HighAndDry on 20/06/2018 - 10:52

      There's no point. If OP can sign a power of attorney, OP can sign the contract and loan documents directly.

      • pjetson on 20/06/2018 - 15:36

        Not if there are separate documents that need to be signed on different days. Getting the physical documents to and from his/her present location in a timely manner may not be feasible.

  • reddwarf on 22/06/2018 - 22:42

    You could contact a buyer's agent, they will need to verify your ID (possibly done through the closest consulate) after which they will be able to sign a contract on your behalf (assuming auction).

    I'd expect the mortgage to be more problematic as they will need a lot of certified copies and ID verifications

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