10 Tips for Expats to Transfer Property in Ghana

Ghana is a great place to live and launch a business. It’s home to a large diaspora of people from all over the world, and as a result, there are a lot of expats looking to buy property here. If you’re thinking about moving to Ghana, read on for some useful advice about transferring property.

If you’re looking to buy property in Ghana, you’ll want to get as much done as soon as possible. There’s a lot to do, and you don’t want to waste any time. Here are 10 tips for expats who want to transfer property in Ghana.

Plan ahead

If you’re thinking about buying property in Ghana, it’s a great idea to do your research ahead of time. You want to make sure that you know what you’re getting into. Of course, you can’t do this research before you move to Ghana, but you can find out as much as you can about the country, the property market, and the real estate market before you come.

Once you’ve decided to make Ghana your new home, start looking for properties. You can use sites like Zillow, Trulia, and Hotfrog to find properties for sale, and you can also use popular estate agent websites to view homes for sale. If you see a house you like, make an offer. Even if the seller makes you an offer first, it’s best to make your counteroffer quickly so that you don’t lose out on the house.

Do your research

Once you’ve found a property you want to buy, do your research and find out as much as you can about it. You want to make sure it’s the right property for you, so look into the neighborhood, the school system, and the local area. Spend time on sites like Yelp, TripAdvisor, and Google to read reviews about the area and the house.

Get expert advice

Once you’ve found a real estate agent you like, get pre-purchase property advice from them. You can also look into hiring a property lawyer to review contracts, negotiate with the seller on your behalf, and help you with any legal issues that might come up. Although real estate agents are supposed to be able to guide you through the purchasing process, their expertise is in selling properties, not buying them. A real estate agent can’t give you legal advice, and a lawyer can’t give you investment advice.

Understand the process

Most countries require that you get a mortgage to buy property. In Ghana, you need to get a construction loan to buy property. This means that the seller (usually a developer) finances the cost of building the house, and you (the buyer) pay them back over time with interest.

Construction loans are easier to get in Ghana than in some other countries because the government has a program that subsidizes the cost of building houses. This means that a lot of people get a construction loan to buy a property, but it doesn’t mean that you should. While it’s good that a lot of people get a construction loan, it can make the process of buying property harder for foreigners who don’t have a construction loan. If you don’t have a construction loan, it can make it harder for you to get a mortgage.

Get free legal help

If you’re buying property in Ghana and you run into any legal issues, there are a few free resources you can use. The Ghana Real Estate Institute runs an online course on real estate law, and you can also learn more about legal issues and contracts at the Avocet Knowledge Hub. Of course, if you want to get really fancy, you can hire a lawyer. Although hiring a lawyer is expensive, it’s a good idea to do so if you’re buying expensive property, like a mansion.

Bottom line

If you’re looking to buy property in Ghana, you’ve got a lot of choices. The good news is that most people who move to this country end up really loving it here. If you’re looking for a place with lots of opportunities, where people are generally friendly and supportive of each other, then Ghana is a great place to start.

Now all you have to do is pack your bags and get ready to launch your new life in Ghana.