Lidon y Lidon

Off Plan Properties for Sale in La Marina Alicante

Dummies guide to avoid problems when buying a house in Spain

Home purchase is a big investment, probably one of the most substantial of our lives. It is essential to make every effort to avoid any problems. In this article we list some tips that will help.

Buying a home is perhaps one of the most important acts done by one person or a family unit. It is acquiring the place where we go to a part of our intimate and personal life, and where possibly be built, continue or develop our "home" either family or individual.

In Alicante Holiday Lets carry enough years in this to know that if we fail in some aspect of home purchases and sales, the consequences can last a lifetime. We are aware that the investments of our customers are in our hands, so we provide comprehensive advice that you avoid problems in the future.

Our experience over 10 years allows us to give these tips to avoid headaches in the future.

1. Take time to compare.

Current housing prices in Spain are very attractive. Experts say start rising soon. However, there is still room to compare. No matter how attractive is the price or conditions of a property, it is still possible to find others with similar conditions. Never door locks.

2. Negotiate the price always.

It is estimated that the market situation allows more than ever negotiation. You can get discounts in some cases can reach 30% of the initial price. Are you going to miss the opportunity to get such a substantial reduction?

3. Review the placement of the property in the Land Registry.

It is convenient to apply for a registration certificate to see if the house is correctly registered in the name of the seller or if it is free of charge. For this you only have to ask a Nota Simple.

Pay attention to whether the home is aware of the Property Tax, the shares of the homeowners, or were subject to leases or rentals.

New homes in the building should have resolved their situation in relation to urban development charges, building permit, certificate of occupancy and the license of first occupation.

If there is any type of load, it requires the seller to the previously canceled before purchase.

4. Avoid making unnecessary payments.

Try to avoid delivering "advance payments" that some institutions require as "expression of interest" when a property questions.

In the case of deposit or signal, consult an expert or lawyer for the purposes of receipt, indicating the reason for such payment, and its inclusion in the contract within the total price of housing that will be recorded in writing.

If you're going to sign a purchase agreement with the landlord or a duly accredited representative, obtain in advance a draft contract to sign and consult an expert. Read the contract carefully, especially penalty clauses in case of missing deadlines contained in it, or not finally made the purchase for any reason. Also attentive to how payments, taxes are charged, etc.

5. Check out the condition of the property.

In some cases the cost of the necessary reforms can make what at first seems cheap ends up being expensive. Look closely at the state of the property and try to estimate the cost of possible reforms.

6. Do not buy above your possibilities.

According to the Organization of Consumers and Users of Spain (OCU), do not invest in housing more than 4 times the net family income. Exceed this figure is a risk. Analyzes what are your resources and funding sources and put a spending ceiling.

Do not waste time dreaming of homes that you can not afford.

7. Consider the costs of the sale.

The selling price of the apartment is necessary to add the expenses of the sale depending on the region can rise to 14%.

Alicante Holiday Lets, your international property in Quesada.

In Alicante Holiday Lets we work according to our philosophy of offering our customers a completely individual and professional service that even exceeds your expectations. Our intention is to come to Spain to enjoy having one company you trust who can take responsibility for the day of your comfort and provide you all the conditions to achieve the best quality of life.

Our agents speak several languages to assist you in your native language and help you with everything you need when it comes to settle in Spain.

Contact by phone, stop by our offices in Ciudad Quesada, or email us. We will be happy to help.

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