New Build Property for Sale in Guardamar Alicante

7 Mistakes That You Should Avoid When Buying a Property in Spain

Over the years that we have been in real estate in Spain we have seen everything. In this article we list 7 errors commonly made when buying a home. You have been warned.

Perhaps you have visited the Mediterranean coast of Spain and are thinking about buying a home here. Prices and purchase conditions are excellent, and no one knows when this might change. If you want to fulfill your dream of owning a home here, it is definately possible.

However, the selling of homes has a dark side and you are not always made aware. We often think that buying a home, albeit it to live in or as an investment, will be easy. In Golf Sun Spanish Properties, as property specialists we believe that alerting you to certain aspects will help you avoid making the same mistakes that have already been made by many others.

These are some of the mistakes that you should be aware of if you are thinking of buying a property in Spain:

1. Do not spend money on a real estate specialist.

It is one of the first inconsistencies. When making a large purchase, advice and knowledge is key. Let a reputable established company offer their services, and here at Golf Sun Spanish Properties we do not charge you a fee.

2. Sign lightly.

The documents when purchasing a property are in a language that is difficult to understand, so do not waste time to unravel its meanings. These papers arrive at the notary in good time before signing to establish what is being signed for and for clarification. Do it.

3. Thinking that the bank is our friend.

Financial institutions have their own interests at heart and ensure your business. You have to spend time searching and comparing, do not just go on first impulse.

4. Buy above our means.

We must be aware at the vital moment of going through with a purchase that you are not wanting to buy the house of our dreams, if as a result you will be economically drowned.

5. Mortgaged with a non-regular partner.

Marriage and domestic partnerships paint a more secure future in case of separation or death. A new partner only supports uncertainty. Agree on what parts each pays in the mortgage this costs only 60 euros.

6. Asking the family for guarantees.

We have seen some cases where parents help their children with their signing of a new purchase. The risk involved is very high. Not realising that there could be an eviction twice but that this debt is inherited by their brothers.

7. Do not take into consideration the cost of the Community debts.

In the years of the economic crisis it was common, in surberbs, there were homes in the hands of the developer or a bank. You must make sure that these pay their debts.

Golf Sun Spanish Properties, your trusted real estate in Alicante.

Our real estate agents specialize in newly built properties on the Costa Blanca and Costa Calida. In our online catalogue we have houses with excellent value for money, you can buy both key ready or off plan. Contact us today if you are looking for a real estate agency in the region. We will be on hand to help you find the property of your dreams on the shores of the Mediterranean.