Top 5 mistakes when buying a house in Spain
Housesinspain.com, Friday, 9 October 2020
Many buyers of a house in Spain make the mistake of doing the following in the purchasing process.
Annoying surprises are not pleasant. It takes time and money to fix them.
Do not let it happen to you.
Many buyers of a house in Spain make the mistake of doing the following in the purchasing process.
- Make the first payment too fast.
Before you make a first payment to the seller, you must be sure that you have negotiated everything you would like. Once you have paid anything, it is more difficult to negotiate with the seller. The seller already has a portion of the purchase price and therefore your negotiating position is weak. - Not putting everything on paper.
Often, negotiations take place when considering buying a house, but are left as a verbal record; for example, an arrangement about painting to be done. This happens under the denominator, "we'll do that later". Or "that will be fine". It may sound fine, but could be ‘’forgotten’’, so put it on paper. That prevents arguments later. - Insufficient monitoring of the areas.
The areas of the plot and the property are insufficiently registered. These must correspond to the areas listed in the property register. Deviations often occur and do not have to be a problem, but they must be corrected by the seller when transferring. - Not asking if major maintenance is planned.
This is important when you buy an apartment in a complex. If large-scale work is to be done on the roof or facades, it will known by the owners' association. It's useful to know before buying. Depending on the amount of overdue maintenance, the cost could be substantial. - Not checking whether the selling party is the true owner.
Are the sellers the owners, or, for example, are they the heirs of the owner. Or does the property belong to a company that no longer exists and the records have not yet been updated in the property register.
Annoying surprises are not pleasant. It takes time and money to fix them.
Do not let it happen to you.
Spanish property for sale. Appartements, villas and housesfor sale in Spain Costa del Sol, Costa Brava and Costa Blanca. For sale by owner and by agent.
When buying a property in another country, the last thing you want is to arrive there without the correct identification documents to process the
transaction. Also, in order to make that sale go through smoothly, you need to know what documents are needed to be sought in that country. Advanced
knowledge of these facts makes for a pleasant experience, which will be the start of your new foreign adventure.