Buyers FAQs :
Yes, but even
if the Vendor is a "friend of a friend" always get the advice of a
solicitor, who will provide the following services for you ;-
-
Attend Notary
-
Approve
any contracts of sale
-
Confirm
Legal title
-
Conduct
searches with the Land Registry
-
Serve
as Power of Attorney if you are unable to attend at the Notary
-
Setup
Utility contracts (water, electricity etc.)
-
Organise
completion dates.
No,
no charge whatsoever. We charge the vendors a small fee to market their property
and no commission, saving them and you thousands.
-
We
do not charge any commission to the buyer and/or the seller.
-
Because
the sellers agree that the price advertised on our web site is lower than or
equal to that advertised anywhere else, less any commission the other
establishment may have included and if they have forgotten about any deal
signed elsewhere that they will match it.
There
are many good Spanish Solicitors based in Spain who speak perfect English and
benefit from local knowledge on a daily basis. There
are Spanish Solicitors in the UK who are able to conduct your conveyancing
requirements, although they will still have to employ the services of a Spanish
Solicitor which has to be charged to your account.
-
Ask
amongst your friends for people who have bought previously. Most people know
somebody who has bought a place in Spain, and only personal experience is
better than a personal recommendation.
-
Make
sure the solicitor covers the region you intend buying in.
-
Tenerife
Properties Direct use
the services of John Hatrick from Tenerife
Solicitors who are
based in Los Cristianos or Complete
Legal Solutions who are based in Las Chafiras, San Miguel de Abona.
The Spanish government charge a tax of 7% of the declared value of the property.
This is payable upon completion. For other associated costs see Buyers Guide.
It’s
worth doing a little research as this will boost your confidence when you
negotiate the price. There are plenty of agents advertising resale properties,
in magazines, papers and in their windows, in addition to their websites. You
will soon see the difference in how much extra you can get for your budget on
the Tenerife Properties Direct website.
Structural
surveys are often conducted on older properties, although when properties are
within builder’s guarantees, surveys are less popular. Regardless of how new
the property, if you have any doubts it would probably be worth the peace of
mind to employ a surveyor. Your solicitor can often assist with this.
A
purchase can normally complete within about 6-8 weeks and often less. You will
agree the completion date through your solicitor.
If
you want to rent the property out, then this may well be a convenient way of
achieving an immediate yield on your investment. You should request a copy of
all tenancy agreements for your Solicitor. If you don’t want to continue with the
tenancy you should definitely request a copy of the tenancy agreement for your
solicitor.
Your
solicitor will conduct all searches to ensure legal title, and all other matters
to ensure your safe, debt free purchase.
Not
without speaking with your solicitor. You should however prepare a 10% deposit,
which is what will probably be required to secure the property for you. Under no
circumstances should you pay a deposit direct to the Vendor, no matter how much
they try and convince you. Your solicitor will normally be happy to hold
the deposit for you until such time as everything has been verified and can then
be paid.
Generally,
the specialist currency exchange companies provide better facilities to the High
Street Banks. See - Currency Exchange
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