Spain is undoubtedly a beautiful county where you can enjoy the beaches, the tropical weather, and take in the beautiful scenery as well. Even if you might not decide to live in the country, a property in Spain would mean that you would have a place to go to for family vacations. It would be a good place to unwind yourself in. Investing in a property in Spain should be done carefully. Although you might be able to afford even high end properties in the country, it would still give you a good feeling that you have not been treated unfairly during the sale. These are the things to keep in mind when scouting for some properties in Spain.

1. When you have already decided on the area or neighbourhood where you would like to buy your property from, consider spending some more time living in it. Thus, you need to live temporarily in a hotel room. You need to discover as much detail as you can about the area. Concerns such as the feel of the area with and without visitors, its distance to the airport, its supply of electricity, and more should be addressed by temporarily living in the area.

2. There are already incidents wherein some buyers have already spent a fortune building their homes in a property that could not be legally theirs, as per Spanish law. Thus, you should hire a lawyer who knows the ins and outs of the Spanish real estate law. When you have just erected a house or bought a property that is against the Spanish law, the government has all the right to claim it or remove your property from the land. You will be left with a big loss to your pockets.

3. Land grabbing is still practiced in Spain wherein your property will be claimed by the government if they need it for some municipal development. Proper legal counselling should be done.

4. Set a budget for the price of the property that you can afford to pay and stick to it firmly.

5. When you have already eyed a certain property, look at it for a number of times. Go back to it as frequently as you can. You also have the right to ask as many questions as what you can think of.

6. You can finance the new property with up to 80% mortgage from a Spanish bank. This way, you will only need to come up with affordable down payment.

7. Prepare cash to pay for initial charges such as stamp duty fees, transfer tax, fees to the notary public, and also changes to the deed of the property in terms of the name of the owner.

8. After you have finalised the purchase, you should sign a reservation agreement in the soonest time possible and wait for the seller to formally declare the property as sold and off the market. You can then sign the sale and purchase contract.

9. Bring your lawyer along to the notary public’s office to sign the final contracts.

10. Enjoy your new property.

Author Bio: Spanish Property for sale land for sale in spain

Category: Advice
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