Almoradi Property for Sale
Five tips to follow when buying your home in Spain
Since the purchase of housing is one of the largest investments we can make, it is important to make the purchase with full guarantees and avoiding surprises, fraud or disproportionate payments.
The guild of registrars in Spain makes these recommendations when it comes to buying housing. We highlight these 5.
Examine in detail the characteristics of the house.
Once we have chosen the city and the area we should personally visit the homes for us to compare. If necessary, you can request to visit the house more than once, as well as ask about all the details that have not been clear to us.
The real estate agent that sells or advertises the property is obliged to inform the identity and business name of the seller, as well as the obligation to provide documentation, plans, energy efficiency certificates, registration data of the property in the Registry ... Clearly the price and the form of payment.
Collect data on the legal status of the property.
This information can be obtained in the Property Registry. The most usual thing is to ask for a simple note, which describes the house, its situation, surface and annexes, the share of participation in the horizontal property, the administrative regime that affects ... In the simple note also appear mortgage data on housing , Possible litigation over the property and, in general, any circumstance that affects the property of the house.
Request additional documentation.
It is advisable to request additional documentation to be able to make the purchase with full legal guarantees. Among the documents we must ask for are:
- Copy of the deed
- Receipt of the latest IBI
- Certification of the president of the community of owners saying that the house is aware of all payments
- Public document that there are no lease contracts on the house.
Find out about the mortgage clauses you sign.
If we need financing to buy our house, it is advisable to review the general conditions of the mortgages they offer us and to analyze them in depth to see if any of them is abusive. Recently the EU Court of Justice has given the reason to thousands of consumers, and many Spanish banks are obliged to return the money charged for this type of clauses. To avoid problems, it is ideal to be informed in detail of all the conditions of the mortgage that we sign.
To be taken into account when formalizing the sale.
The formalization of the sale usually takes place, either by a private contract between the parties, such as a contract of deposit, or by the elevation to public deed, which is signed before a notary.
- If there is a mortgage on the home that is being bought and sold, it will always have to be made public.
- Signing Deeds is equivalent to the delivery of housing.
- The choice of notary is for whoever is going to pay that cost.
- In both public and private documents, the seller is bound by the hidden defects or defects of the home. You can choose between giving up the contract (and receiving the expenses you paid), or lowering a proportional amount of the price, as the experts indicate.
