Marbella
Land Specialists, Plots of Land Costa del Sol, Land for Sale Marbella,
Spain
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Rules
of Buying Spanish Property | Costa del Sol
Spain
has much to offer the weather weary residents of its Northern
European neighbours. Its little wonder why over the past 20 years
or more, increasing numbers of Northern European have been selling
up and moving to a country which is free of smog, black ice, fog
and days of endless rain. Thousands each year are relocating to
this truly cosmopolitan part of the world where one never feels
like a foreigner and the sun shines 320 days a year.
Purchasing
a Second-Hand Property
If
you borrow money to buy your property you will almost certainly
find the bank or lender will insist the property is surveyed
and
properly valued before they provide the funds. It follows therefore
that since the banks and mortgage providers follow this procedure
in order to protect their interests it should be a valid and sensible
course of action for anyone else when buying a property.
You
may not be borrowing money to buy, in which case all the more
reason to make sure your own cash investment is sound. Have the
property independently surveyed before you complete the sale.
This way you will know for sure, the true value and exactly what
you are buying. This could prevent future problems and may save
you a considerable amount of money.
Taking
Advice is Essential
Some
real estate agents, but not all are qualified to sell property.
Most will organise a search to establish whether or not it is owned
by the person selling it. They will check to see if there are any
fines or other encumbrances all of which you can also employ a lawyer
to do more or less the same thing.
But
this is only half the job! In addition, most people would agree
it would be good to know if the property being purchased is structurally
sound, free from dry rot, rising damp or subsiding foundations,
etc. It's often the case of not what you can see, but what you can't
see in a property that matters. In short it is prudent and relatively
inexpensive to have the property surveyed and valued by a professional
surveyor.
A
real estate agent is hardly likely to point out the newly painted
wall is actually hiding a huge crack, or draw your attention to
the fact that when it rains the roof leaks like a sieve. Nor will
he admit that you could probably buy the same property for less
money through a different agency.
If
you are interested in buy new or existing Spanish property, why
not look at the properties we have on our website, but please
remember we have more property on our books so contact
us to discuss possibilities
existing properties that we have on offer and that could suit
your specific requirements.
