Tips for a successful real estate purchase in Spain

Buying property in Spain is sometimes a complex process, which can sometimes lead you into situations that you would have preferred to avoid. Do you want to acquire a property in Spain? So, it is necessary that you know that the procedures are often the opposite of what you are used to. In Spain, there are a few pitfalls that you may face and that you should avoid during your acquisition. Discover in this article some pitfalls to avoid during a real estate acquisition in Spain.

1. Not clearly knowing what you want to acquire as property

If you want to get a property, then you must necessarily know what you are looking for. Not knowing what you want to acquire means that you accept any proposal made to you. You may also spend a lot of time researching before realizing the characteristics that affect your sensitivity. It is not always recommended; you risk losing property that may be suitable for you. So remember to define all these criteria from the start, before calling on any professional for a real estate purchase in Spain. This will save you time.

2. Do not contact a lawyer

Although in Spain, the presence of a lawyer is not essential during a transaction, you can request one, in order to represent or assist you during your transaction. The advantage of using a lawyer is that it allows you to learn about the laws in force for the acquisition of real estate in this country. In addition, he will take care of all the legal formalities necessary for your purchase. A lawyer will reassure you of the reliability, from a legal point of view, of the property that is offered to you.

3. Not knowing and understanding the purchasing procedures

It is a mistake made by many property buyers who want to track transactions themselves. Not knowing the purchasing procedures in a country exposes you to many disadvantages, and could lead to you being defrauded. Before proceeding to any real estate transaction in Spain, you absolutely need to know and understand the purchasing procedures. This is what will allow you to avoid unpleasant unforeseen events that could arise from your transaction.

4. Do not conduct a site survey

Very often, buyers prefer to see photos on the Internet of the property they wish to acquire. It is not always judicious, since you cannot judge the existence of a real property only on the basis of photos. A physical visit to make a judgment on the property you wish to acquire would not be too much. This will allow you to appreciate at the same time the realities of the area (security, school, location, accessibility, etc.). There are many advantages to having a site survey.

5. Do not check if this property is the subject of a debt or a double sale

It is not uncommon to meet buyers who have been victims of this type of scam. This act is that the seller, intentionally, does not report debts or any other charges to which the property is subject. It is not always a mortgage, it is sometimes a question of unpaid gas or electricity bills. But you can go to the Property Registry to make sure there is no debt or charge on the property you want to acquire.

Like the first, double selling is a criminal offense. Very often, the sale to the first buyer is not yet concluded, that the seller already wants to sell this same property to another buyer. When you are in such a situation, you can file a complaint to punish the seller with a sentence ranging from 1 to 4 years in prison. To avoid this situation, you can check the name of the owner of the property you would like to acquire.

6. Do not verify the authenticity of the contract

During a transaction for real estate, you may be faced with scammers who will make you sign false Arras contracts, that is to say a sales agreement in order to take your money and then disappear. It is especially to avoid this kind of situation that you must have recourse to a lawyer when buying real estate in Spain. The latter will be able to ensure the authenticity of the documents that the buyer provides to you during the purchase. You will not have to worry about the nature of the contract you sign, and you will be sure not to invest your money in a scam.

Buying a property in Spain is not always easy, as many buyers face many problems during these transactions. Being aware of the many traps such as double sales, false contracts and others, allows you to protect yourself against the dangers linked to the acquisition of real estate in Spain. So make the necessary arrangements for a good purchase so as not to be a new victim of real estate market scammers.