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PROPERTY OPPORTUNITIES IN PALMA CITY? click here
Building or Buying second-hand Property in Mallorca or
Spain
Spain and her beautiful islands have much to offer the weather weary residents
of its northern European neighbors. It's little wonder over the past 20 years
or more, increasing numbers of people have been selling up and moving to a land
free of smog, to a land where black ice and fog and days of endless rain are
unheard of.
Thousands each year are relocating to this truly cosmopolitan part of the world
where one never feels like a foreigner and the sun shines 320 days a year.
We operate mainly in the Balearic islands, but we have contacts on the Costa
Blanca, inland and along the Coast from Benidorm in the South to Gandia in the
North.
If you are planning to build a new property then you will find many projects
available on our website. However, if you are planning to buy an existing second-hand
property then you may like to read the following notes.
Buying a second hand property in Spain
If you borrow money to buy your property you will almost certainly find the
bank or lender will insist the property is surveyed and properly valued before
they provide the funds.
It follows therefore that since the banks and mortgage providers follow this
procedure in order to protect their interests it should be a valid and sensible
course of action for anyone else when buying a property.
You may not be borrowing money to buy, in which case all the more reason to
make sure your own cash investment is sound. Have the property independently
surveyed before you complete the sale. This way you will know for sure, the
true value and exactly what you are buying. This could prevent future problems
and may save you a considerable amount of money.
Prudent purchasers take professional advice
Some real estate agents, but not all will organise a search to establish whether
or not it is owned by the person selling it. They will check to see if there
are any liens charges or other encumbrances. You can also employ a lawyer to
do more or less the same thing.
But this is only half the job! In addition, most people would agree it would
be good to know if the property being purchased is structurally sound, free
from dry rot, rising damp or subsiding foundations, etc., etc. It's often the
case of not what you can see, but what you can't see in a property that matters.
In short it is prudent and relatively inexpensive to have the property surveyed
and valued by a professional surveyor.
We can offer an independent service to those buying or considering buying real
estate. Our services are comprehensive, giving the purchaser complete peace
of mind.
Our Services include the following:
Through our vast database we will help you find a property, within your budget,
in the right area meeting all your criteria.
The preparation of Sale/Purchase contracts.
Establish proof of ownership.
Search for Liens, charges or other encumbrances,
Search for future planning projects, new roads, new urbanizations, etc. which
may effect the property.
A full property survey with a detailed report.
An Independent Property Valuation..... and much more!
Check it out first. You know it makes sense!
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