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Be
aware, the Spanish real estate business is totally unregulated. |
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Property prices are lower than they have been for some time. |
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When buying Spanish property be aware that in Spain anyone can set up as an estate agent and as a result many people unwittingly find themselves caught up in a bad situation. |
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| Thought about buying a building plot? check out
www.the landregister.com
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The aim of this article is to help readers buy a property in Spain, safely and without risk of being cheated. Following this simple guide will ensure that you avoid the pitfalls and experiences of those you read about in the National Press.
Before you begin looking for a property try and establish your own criteria – criteria “Write
it down!
It's so easy on a sunny day,with blue skies and a jug of Sangria to be
persuaded by smart sales people, that you really want something totally
different.
Having found a property you like and want to purchase proceed as follows:
- Do not sign, pay, or agree to anything!
- Price - Ask the vendor if the price is negotiable.
- Take note of the size of the property, and the area of the plot.
- Legal - Ask the vendor or the Agent if he has a copy of the escritura for the property.
- If the property is being offered by an agent he should also have a document authorising him to sell on the owners behalf - ask for a copy.
- Contact Search and Survey with the details of your proposed purchase
- BY Fax 96 583 1081 - BY PHONE 96 587 4795 BY EMAIL services@searchandsurvey.com
Search and Survey will make preliminary checks and establish the identity of the true owner and if there are any mortgages, liens or apparent encumberances on the property. We will also give an indication as to whether we consider the Price to be realistic. (This valuation is a guide purely from a technical point of view, not having viewed the property.) Under normal circumstances you should receive a reply within 24 hours (Weekdays)
The information provided allows us to investigate the legal ownership status of the property. Any mortgages, embargo's, liens or apparent encumbrances registered against the property will be discovered during this investigation. This check usually requires one working day to process.
The report should be ready in about 24 hours, in the event it proves positive and you decide to go forward with an offer, then we will provide you with a Reserve Contract designed to protect you and your deposit should we discover something detrimental in subsequent legal and planning searches.
Don't take chances - make sure you get an independent opinion before committing yourself to any contract or agreement.
Legal Conveyancing : - Don't turn a Dream Into A Nightmare protect your interest and ensure your Spanish property purchase is risk free! Visit our website