Your two-minute guide to paying for a ski property safely

Are you ready to embark on one of the most exciting purchases of your life? If so, you need to know how to pay for your ski property abroad safely.

Transferring funds abroad can involve risk, so follow this two-minute guide and your property purchase should be stress-free and simple.

Determine your budget

The first step on your property buying journey is outlining your budget. This should be done before you speak to an estate agent or even begin looking for properties. Once you have a realistic number, you will find that your search narrows and finding the right property is quicker and easier.

You may also wish to consider how much your budget will be worth in your purchase currency. Despite this, exchange rates change all of the time, so the value of your budget can also change when buying a property abroad.

To ensure that your budget is protected from fluctuating exchange rates, open an account with Smart Currency Exchange. There’s no obligation to trade or to put money into your account straight away. However, once you’re further along with your property buying journey, you’ll have the account set-up and waiting for you.

Find out how to protect your property-buying budget with Smart Currency Exchange

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Engage with experts

Make sure you have a team of experts in place to support you with every aspect of the property buying process. The vital three that you need are a good lawyer, a trusted estate agent and a currency specialist. Each should ensure that you are covered through every stage of your journey and should be available to advise you throughout.

6 Bedroom Villa in Publier, France

Ensure that your deposit is ready

Once you decide to take a viewing trip abroad to view ski properties, ensure that your deposit is ready and accessible. You may think that this is unnecessary, but you could stumble upon your dream property unexpectedly! If your reservation deposit is ready to go in a pre-funded account, you’ll ensure that no one snaps up the property before you. It would also be good to have a lawyer on standby to check the contract.

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If you make an offer, lock in the exchange rate

Dramatic currency swings can take the price of your home abroad beyond reach. To ensure that this doesn’t happen, lock in the exchange rate as soon as you make an offer. A forward contract locks in the same exchange rate for up to a year and gives you peace of mind that your money will be unaffected, whatever happens. Find out more here.

Start looking for your ski property today

To get the process of buying your ski property underway, why not take a look at our handy ski property buying guides? They lay out the buying journey step by step to make the process as smooth and hassle-free as possible.