Let’s say someone from Germany buys your property, but (for example), you live in Argentina. Please tell me a step by step on how the buyer would execute this contract, if something went wrong.
Do you know the staggering amount of costs of legal fees involved? Or the red tape alone? Many times you can’t even execute these contracts. Just to give you an example on how hard it is, I tried to take our local flooring company to court for a bad installation job. Our lawyers told me the court fees and lawyer fees outweigh the cost of the floor, so it’s not worth it. And we’re talking about going after a local company, for a measly 2000 USD. It was STILL a pain to do and not work it. Now imagine going after someone across the world. Unless you’re talking XXX,XXX digits, it’s simply not worth it.