Colli Real Estate

Buying a property in Spain – 10 Essential Tips

1) You will need a Spanish bank account to buy a property in Spain. If you buy a Spanish property agent they should introduce you to a reputable bank and help you open a bank account – if you can do on your inspection trip, it will save time and hassle later.

2) Remember to add 10% of purchase price announced by an agent or developer. This is not a commission agent or the manufacturer, but consists of government taxes and local fees – including those paid Spanish notary when you sign your actions. If you take a Spanish mortgage then held budget approximately 11-12% as the notary and land registry component of the fees will double.

3) Always an independent counsel. No matter how are you confident in the integrity of your agent and builder, an independent counsel is essential. Even if your property May Be Fine you may need assistance legal due to a change in your personal situation – to reduce costs at this stage could cost you more money further down the row. An independent lawyer will also ensure that you receive from the Bank Guarantees from the manufacturer for any payments you made before the end (the manufacturer is required to provide under the Spanish Law).

4) When you choose a property does not take for granted the sun – think about how many were / Winter sun, your property will receive. Usually, buyers look to the British south / south west properties so they can enjoy all year round sunshine. However, if you intend to live in Spain, you may prefer a property that is more fresh in the summer months – Examine your personal thermostat!

5) If you plan on buying whether the manufacturer will be flexible with their interior design. Properties in Spain are often designed with a particular market in mind and may not reflect the will of the people of Northern Europe for American life. Study the plans and you will find the removal of a wall of the kitchen turns into an average room astonishing living space. If you have a bedroom down, whether you will use this room or if removing it will give you more in this big room you've always wanted.

6) When the property is part of developing and sharing common areas such as gardens and pools with other goods, there will be costs community to pay. On the evolution of these charges incomplete may not have been fixed, but your agent should be able to give examples Other developments completed. Always inquire about these rights – on the major tourist sites they may be higher than expected and you need to include in your budget.

7) We will give you an expected completion date – but delays can sometimes change, so if you have decided to move furniture or take a vacation in your new home, it is wise to wait several months before the completion of booking to remove or theft.

Choose your lights before you move in. If your property is brand new, it will be delivered to you without connector light – So do not think you can pop over with a few light bulbs and start. Ideally arrange a visit to the property before completion and make a note of each fixture, you should buy. Then go to the store of the local lighting and choose your lights. You may have to pay a small fee for the equipment but you can arrange for your lamps with both – registering a lot of hassle and a few dark nights.

9) Once you have signed for the property to collect the keys and thoroughly inspected internally and externally to any "snags" – work is incomplete or damaged. The details should be provided to the builder within 14 days after your act of signing and they should contact you once they have fulfilled the work. It is always wise to plan your lawyer a copy of your list of tears.

10) Finally, be prepared for your popularity increasing family and friends. Do not be surprised if old friends and distant relatives suddenly start sending you Christmas cards and remember your birthday, once news spreads of your new purchase. Of course, it's your choice as you do the same with an invitation to Spain and enjoy your little corner of paradise on your own – or another – "Viva España!"

About the Author

Martine Cherry is a successful property agent on the Costa Calida in the region of Murcia, Spain. She runs the independent property agency Dream Spain with her husband Bill. She is a keen writer and enjoys sharing her experiences of buying property and living in Spain. She is a contributor in the highly anticipated book “Buying Property in Murcia” by acclaimed author Debbie Jenkins.

Discover Buying & Selling Notes In Real Estate 5/24/2008

Fixed Income Analysis (CFA Institute Investment Series) $39.99 In the Second Edition of Fixed Income Analysis, financial expert Frank Fabozzi and a team of knowledgeable contributors provide complete coverage of the most important issues in fixed income analysis.Now, in Fixed Income Analysis Workbook, Second Edition, Fabozzi offers you a wealth of practical information and exercises that will solidify your understanding of the tools and techniques associated …

Bailout Riches!: How Everyday Investors Can Make a Fortune Buying Bad Loans for Pennies on the Dollar $3.16 What is the investment opportunity from America’s financial crisis? Somewhere north of one trillion dollars of debt–mortgages, credit cards, and other forms–will be written off and sold to buyers at pennies on the dollar. It gets even better: There are ways to buy that debt with no money of your own.Society’s collective pain from this crisis means that it’s unlikely to occur ever again on this …

Real Estate Investing for Dummies $2.97 “This is simply the best book on the topic.”—Randall Bell, Author, Home Owner’s Manual”Tyson and Griswold have truly opened the world of real estate investing to all by tackling often complex issues in this easy to understand and use book. I can’t think of a better way to get smart about building wealth through rental properties than to read their excellent Real Estate Investing For Dummie…

Mortgage Answer Book: Practical Answers To More Than 150 Of Your Mortgage And Loan Questions $6.09 What kinds of mortgages are available to me? How do I get a mortgage? How large a down payment do I have to put down to get a mortgage? For most people buying a house is the largest purchase they will make during their lives. However it is the loan to buy the house that can add hundreds of thousands of dollars to your overall cost. The Mortgage Answer Book answers the most important questions someone buying a home needs answered before obtaining a mortgage. With insider tips strategies and insights that are critical for anyone applying for a mortgage. The Mortgage Answer Book is an authoritative reference providing sound advice and immediate answers to your most pressing concerns. Written by an attorney The Mortgage Answer Book answers your most important questions including: How do interest rates affect me being able to purchase a home? How can I fix a problem on my credit history? What are prepayment penalties? How can I figure out how much money I will be able to borrow? How do I refinance my mortgage? What is the difference between a fixed mortgage and an adjustable rate mortgage? How do I avoid foreclosure and losing my home? Written in an easy-to-read question and answer format The Mortgage Answer Book helps you understand how to successfully finance a home. The Mortgage Answer Book answers the most common mortgage and loan questions asked by borrowers today and breaks down the complex mortgage industry with straightforward easy-to-follow advice on finding the loan that is right for you.

Tags:   bookmark · bookmarks · del.icio.us · social · web2.0No Comments