3 Top Tips To Look Out For Before You Buy Spanish Property
More and more people are looking to buy Spanish property and in general it is relatively easy and straight forward. However, some people tend to be blinkered by the thought of owning a property in the sun, and they part with their hard earned cash without doing a little homework first. So if you want to ensure that your property buying experience goes to plan here are some top tips to follow.
Choose an established estate agent
Thanks to little or no regulation, anyone can set up in Spain as an estate agent. This means that because of lack of experience, estate agencies are closing down at an alarming rate. If you can find an estate agent who has longevity and experience, then they are hardly likely to go running off with your cash.Also make sure that the agent is fluent in Spanish so you have no nasty surprises.
A surveyors report is a must
A surveyors report is not a necessity in Spain and people seem to think that they pay enough in tax, so why bother getting one. In reality, if your house starts crumbling or your patio starts sliding down the mountainside, then chances are that you are going to end up with a huge bill. The four hundred or so Euros spent on a full structural report, suddenly doesn't seem like a bad deal. It could save you thousands in the long run when you buy Spanish property.
So you have found what you think is your dream home and have paid the deposit, only now you are having second thoughts. In Spain the law states that if you withdraw your deposit you don't get it back, and typically at 10% of the cost of the house, it can amount to a fair bit of money.. So before you buy Spanish property, be certain that this is the house for you.
1 Casa are a well established estate agency operating in southern Spain and are very used to dealing with first time buyers abroad. They can talk through everything with you and will put your mind at ease. Feel free to email them or check out their website at http://www.1casa.com
Written by : Barbara Brough