Astonishing Luxury Villa with Panoramic Views in La Montua, Marbella.
- D2154 Ref
- 6 beds
- 5 baths
- 714 m²Built
- 1.596 m²Plot
Buying property can be stressful. Factors to be aware of include property scams, high capital gains tax, fluctuations in property market, legal issues, etc.
You don’t need to be a resident to buy a Spanish property, it can be bought even before you arrive. However, we recommend that you view it yourself. Besides, pay attention at neighbourhood: types of cars, people in bars, etc. Good infrastructure is important. Schools, hospitals, public transport, shops, sport and entertainment facilities increase both the comfort of living and value of your property. A lot of FOR SALE signs is not a good sign.
Property scams in Spain have involved properties bought before completion. While malicious intent is rare, caution is advised. Check if:
Drumelia helps its clients to check paperwork.
According to contract with developers, now banks hold funds in trust Escrow Account. Read here Buying land, new or off-plan properties in Spain.
Inexperienced foreign buyers have provided an opportunity for unscrupulous developers and realtors to sell properties which are not legitimate. If planning permission has not been acquired before building, properties can be eventually torn down by local government. Quality of properties can be not as indicated, resulting in costly repairs.
In Spain, any debt (mortgage, payments, property tax impuesto sobre bienes inmuebles) tied to a property is transferred to new owners. It’s critically important to ensure that there are no debts attached to property when it’s sold, or they are covered by terms of contract.
Lawyer practising in Spain are registered with Colegio de Abogados. Unfortunately, registration number does not guarantee honesty or competence.
Lawyers check out property registry, local council records for debts, catastro for plans, if person selling house is owner and has right to sell, check for wills property, etc; act as confidante.
If they do not have good references, offer above services and speak your language think again.
Experienced real estate company always has reliable lawyers.
If you wish to make initial enquiries yourself:
Among key factors which effect property prices are distance from beach, age of house, home improvement, additional bathrooms, terrace, roof solarium. Location in a gated residence with pool increases price by 10% -15%. Unexpectedly low price always has a reason.
Minimum checking:
There’s a strong advantage to using real estate agents for buyers. They are typically paid by the seller. Read here Why Do We Need a Real Estate Agent?