Are you planning on ‘Buying Spanish property’
In recent years the local Spanish authorities have made great efforts to increase the number foreign tourists and residents alike.
Spain now derives more of its foreign income from tourists than any other country in Europe,
Therefore, if you are looking to invest and rent out your Spanish home, for holiday purposes, this would be a great time to buy.
Additionally, and due to low European interest rates, it now is a really good time to buy.
Take care when Buying Spanish property, check the property information provided carefully.
There are no shortage of estate agents in Spain.
It pays to search out a good company who will care for your requirements.
Look out for a quality standard such as the AIPP.
Agents who subscribe to this organisation must adhere to strict guidelines.
Also a comprehensive and independent guide to buying a Spanish property can be found on the UK Gov website. https://www.gov.uk/guidance/how-to-buy-property-in-spain
When ‘Buying Spanish property’ this guide will be a worthy reference for you.
Finding a Professional property agent, Spain
What is a Professional property agent, Spain?
This question, we believe, has been overlooked in the past.
Historically, mistakes have be made and many sellers are now having to pay substantial fees for their properties to be legalised.
Furthermore, misleading advice has caused many heartbreaking situations.
The feel-good factor, that is evident in us all when relaxing in the sun and enjoying good food and wine, has clouded the judgment of many buyers.
There are also agents who make it all sound so easy to purchase a Spanish property…….
‘You do not need a solicitor’
‘We can do you conveyancing for you’
‘Yes the house is fully legal’
These are statements made by agents whilst charging both the seller and buyer an outrageous 3-5% netting them between 6 and 10% of the purchase price for each sale.
Thankfully, in the main, these agents are disappearing. However, we do hear of some that are still operational.
We believe, today’s savvy buyer demands more and we work to a professional standard always aiming to provide honest and accurate information.
Check your agents status.
Are they registered with AIPP?
Is the business fully registered?
Do they appear open and transparent?
Do they appear organised?
Are they knowledgeable about the property market?
Additionally, it is wise to choose an agent that does not offer conveyancing.
Moreover, always use lawyer.
Obtain copies of the paperwork.
Choose a lawyer independent of the agent.
Follow your head and not your heart.
Furthermore, there is no need for you to pay agents fees, we do not charge the purchaser, nor do most reputable agents.
Shop around and don’t be afraid to ask questions.
Go to the UK Gov site to obtain up to date information about your rights and responsibilities.
This site is completely independent and regularly updated.
A good Professional agent will be independent of your legal advisor.
A Professional agent, with integrity will be honest and provide you with accurate information.
A Professional agent will be friendly and helpful whilst always remaining objective and professional
Asked to see the official Catastros (land registry) information.
Is the land size quoted the same as what is listed on the Catatros
Are all the buildings listed correctly on the Catatros.
A Professional property agent will be happy to review this with you and compare this information with the Escritura (deeds)
If the information of the two properties do not match there would be a substantial cost to address the issue and therefore bringing all the paperwork up to date.
Don’t be fooled by the ‘What are clients say’ speech bubbles or the ‘We have been operational for 10 years’ statements. This does not make a Professional property agent!
Buying Spanish property guide 2017