7 Top House Buying Tips
Property in Spain has dropped in price drastically, especially after 2007. It might be bad news for owners wanting to sell their properties but it provides an excellent opportunity to anyone who is planning to buy a holiday or permanent home in Spain. You need to be knowledgeable and careful when buying property. There are some things that you can do to make the buying process less daunting.
You should research thoroughly the area where you wish to purchase a property. Seek out sound advice regarding property law, taxation and the process of purchasing a property in this part of Spain.
Always engage a reputable solicitor (abogado) to represent you and guide you through the legal process.
Never sign a document unless it has been properly explained or translated into your native language and has been approved by your solicitor.
Never give over monies in the form of deposits unless you are sure of your rights and the consequences of your actions. Again seek the advice of your solicitor
Even though it is a 'Buyers' Market' don't be too aggressive in your negotiations with an owner. Respect and consideration can take you a long way towards getting a good deal.
It is best to have your financial arrangements in place before starting your property search. It will help you to avoid the disappointment of losing the property of your because some other buyer has the funds available immediately.
If you are a cash buyer so much the better as this will give you the edge over buyers who need a mortgage. However if you are looking for a mortgage it is advisable to check out a range of providers before you start looking for a property so that you are aware of the process and likely costs involved..