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Author: chopsueycp Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 127679  
Subject: Purchasing Real Estate Abroad Date: 2/5/2013 2:35 PM
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Hello all,

My family has been offered an opportunity to buy back property in Italy that our ancestors that were born there owned. The property is still owned by a second cousin, but he has been approached by some outside buyers and is thinking about selling. He wanted to offer it to us as a courtesy before he sells it out of the family.

We are talking about a very small purchase in the grand scheme of things. However, the property has nostalgic value for us and some family members are willing to put up a few bucks to keep it in the family and have a place to visit over there.

I was going to do some research on buying real estate abroad, but I don't even know where to start. Do any of you have experience here and can point me in the right direction? I have expressed caution to my relatives - we don't want to buy a money pit or a lemon just because it's nostalgic....

Thanks,
CP
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