When you're thinking of purchasing Spanish property there are lots of points to consider. The primary ones should be location, quality and price naturally but even after thinking about these top three concerns you still need to avoid making the basic mistakes that anybody can make if they don't seem to be suggested in the correct way.
Let's look at them in turn.
1) Not employing an independent counsel
Never use the lawyer the developer tells you to. Never utilize a counsel who does not talk your language. Never employ a counsel you've got a gut hunch about that isn’t good.
Always employ a counsel.
We usually suggest a variety of barristers to our customers, counsels who talk the language the client is confortable with. We have got a list of reputable counsels and believe me many have been struck off that list for assorted nefarious activities such as not answering mails quickly enough or not being clear on the specifics and details. So the barristers we suggest can be blunt to the point of agony but at least they get the job done fast efficiently and effectively.
2) Not pondering the life-style you need and only considering the property
Folk fall completely in love with a property but what they are actually attempting to find is a change of way of life. The property should counterpoint the lifestyle. If you love going out in the city and walking round in the middle of the night taking in the sights and having cocktails at lounge bars then do not buy a house in the sticks with no public transport regardless of if it has some beautiful bougainvillea climbing up the crumbling outside wall.
If you like the tranquillity of the countryside then first do not buy a town flat, Valencia is loud at the quietest of times. Secondly, make sure to bring those silent dog whistle things it is easy to get from the Division and Navy stores in Great Britain as the chorus of dogs talking at nights in many areas can be instantly shut up
3) Not getting a survey done
That bougainvillea covered wall? You know it could have a basal structural problem. However it looks nice doesn't it? And looks are all that counts aren't they? A survey can be done relatively cost-effectively but it may protect you from making a big mistake. Ask me for suggestions because I know of 2 excellent surveyors in the neighborhood and I'm going to put you in touch with both.
4) Overstretching a budget.
The gigantic fault. If your position is 200k then your budget is 200k not 220k, not 240k and actually not 330k. If you can get what you want for 150k although your budget is 200k then get it, and if you can get your property for 120k based on your lifestyle considerations then do it. You don't need to show off in dinner parties saying “Well of course our property was lots more expensive than yours”. The life-style is the key and if you have cash to spend after buying instead of having to scrimp and save each last penny for the rest of time then your life in Spain will be so much better.
5) Leaving your brain on that famous plane
During the boom years agents became realtors because so many people left their brain on the plane. Selling was easy and any piece of rubbish might be sold at costs that were way over what their implicit worth was. Folks would frequently get off the plane, get picked up and taken straight to a property or 2 and buy them.
No consultation, no investigation, no thought of structural integrity and no thoughts of cost.
The majority of those folks got burnt and left Spain 2 years after with their wallets significantly lighter and heavily chastened by the experience. The explanation Why I have 100 videos helping you to prepare to live in Spain, a blog with posts such as this one, a twitter account and a Facebook page is so that you avoid the fluffs. You can follow and get info, ask me anything about the market and also get some great insight into what it is truly like living in Spain.
Without that info the general want of “I need to move to Spain” means nothing. You won't do it or even worse you'll but you won't do it properly. You should do the investigation and seriously nowadays there is no excuse for not doing so particularly when you consider the investment you will be making. Stupidity can be a costly mistake.
Graham Hunt is an estate agent in Valencia. He lists his properties for sale in Spain at Valencia Property and his blog where he talks about all sides of moving to and living in Spain is Houses for Sale In Spain
categories: Houses for sale in Spain,Valencia Property,Spanish Property,Spanish property mistakes,Making mistakes buying in Spain,Buying property in Spain,Lawyers in Spain,Spanish property surveys
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