Benefits of buying a home in Spain
Discover the advantages of owning property in spain and start your journey today
Seven questions to ask your real estate agent
What is the legal status of the property? This can affect the price, resale value, and the ability to finance the purchase with a mortgage.
What is included in the price? Be sure to discuss all conditions, such as furniture, parking…
What are the total costs of buying the property and running expenses as an owner? There is different tax. The expenses are usually local property tax (IBI), community fees, the cost of utilities and the non-resident tax.
Should I have a property inspection? It is advisable to visit at least one visit or delegate the inspection to a verified inspector or someone you trust.
What warranties are included? For new construction the builder must guarantee the work in 10 years, for a second-hand home there are no guarantees that cover it.
When Should I Contact an Attorney? Ideally, your lawyer should review the booking
contract before signing it. A property in Spain is booked by a transfer of a deposit by the buyer. This should not be transferred to the seller, but to a neutral account, an escrow account.
At what price did the seller buy the property? This information is probably not known, but you can find out other purchases in the same area of similar properties in order to know if the property is at a reasonable price at the time of buying it.
Get expert support every step
Should problems or discrepancies arise during the process, having professionals can be crucial to resolving these issues. To do this, it is recommended to hire local professionals who provide peace of mind and security throughout the purchase process.
Contact us for local guidance and peace of mind: