We always work with a legal Notary….

Spain is still very popular .  And now’s the time when many are in Spain with money burning a hole in their pocket! So, let’s re-run a piece ……..

 

Know Your Rights

Before they start their overseas property search, buyers need to know what their rights are and what will be needed from them during the sales process. They need to know about all costs and taxes related to the property purchase as well as social security rights, personal tax implications, education rights (if they have children) and employment rights.

Ask about the community charge; maintenance costs must be considered especially when buying within resorts. Also ask about the property developer and their portfolio. Even if you are buying a resale property, you will be able to access more information about the quality of the developer’s work.

 

Beware The Warning Signs

The warning signs to avoid when viewing property overseas are many. The conditions of the community – When buying a property within a community, even more important than the condition of the property itself is the condition of the communal areas. A healthy community will always keep the value of your property while an unhealthy community could decrease the value of your property significantly.

Off-plan properties – always ask for the background of the developer and view the show house. Would you buy a car from a manufacturer that has never made one? Don’t be rushed into the buying process. Be alert! For example, when the developer won’t even hold the property as reserved for one day, take that as a warning sign.

 

Take Advice

From a property perspective, the most common mistakes include buying on impulse; ‘falling in love’ with a property and buying it without assessing the pros and cons, simply because it was a great day. Not knowing the area. Many buyers of second homes know nobody in the area except for the seller of the property or the estate agent. Forgetting about the community charge. Maintenance costs that must be considered even though buyers may not be there for most of the year.

 

Once you have found the property you want to buy,  get involved in the conveyancing process,  the conditions you have agreed e.g. property, price, completion date. Liaise with all the different parties involved (agents, vendors, developers).  Then before a Notary sign all legal documents.  The process of buying a resale property takes between four to six weeks and off-plan property depends on the stage of the construction; it could be between six and 12 months

Are you buying in Spain? Drop us a line. We always and only work with a legal Notary.

 

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About Us

Villas Valencia offers properties in Valencia at Spanish prices. What`s more, we don`t charge the buyer (as most other agencies do). We are an English locally run estate agent company dealing with properties in a picturesque area around the city of Valencia.

Testimonials

You are the only agent we dealt with your knowledge of the area and the buying process left us at ease that everything would be taken care of. - Mr & Mrs P, in Naquera

Your advice was clear and brilliant. You completely understood our requirements and objectives, facilitating our new purchase. Thank You! - Mr L, Now living in Lliria

You offered a great service from start to finish, clearly explaining all our options and helping speed everything through. You translated everything we needed quickly.

- Mr T, Second home in Montroy

Villas Valencia was fantastic and exceeded my expectations. I will and have recommended you to others. Thank you for all your referrals for building work. We love our new pool! - Sean, house in Rocafort

Thank you for all the help buying our property in Valencia. With so much to think about, you explained everything well and made it all very easy. Cant wait to move out there fully and enjoy a G & T on our balcony with you.

- Ben, house in Naquera

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