Top 5 mistakes when buying a house in Spain

Top 5 mistakes when buying a house in Spain

Many buyers of a house in Spain make the mistake of doing the following in the purchasing process.

1. Make the first payment too fast.

Before making a first payment to the seller, you must make sure you have negotiated everything you want. Once you have paid something, it is more difficult to negotiate with the seller. The seller already has a part of the purchase price and, therefore, his commercial position is weak.

Make the first payment too fast

Make the first payment too fast

2. Do not put everything on paper.

Often, negotiations are carried out when considering buying a house, but are left as a verbal record; for example, an arrangement on painting to be made. This happens under the denominator, “we will do it later”. Or “that will be fine”. It may sound good, but it could be “forgotten”, so put it on a piece of paper. That avoids the later arguments.

Do not put everything on paper.

Do not put everything on paper.

3. Enough tracking of the areas.

The areas of the plot and the property are insufficiently registered. These must correspond to the areas that appear in the property registry. Deviations often occur and do not have to be a problem, but must be corrected by the seller at the time of transfer.

Enough tracking of the areas.

Enough tracking of the areas.

4. Not to ask around if you plan a major refurbishment.

This is important when you buy an apartment in a complex. If you are going to do a large-scale job on the roof or on the facades, the owners association will know. It is useful to know before buying. Depending on the amount of maintenance expired, the cost could be considerable.

Not to ask around if you plan a major refurbishment.

Not to ask around if you plan a major refurbishment.

5. Do not verify if the selling party is the true owner.

Are the sellers the owners or, for example, the heirs of the owner? Or, the property belongs to a company that no longer exists and the records have not yet been updated in the property registry.

Do not verify if the selling party is the true owner.

Do not verify if the selling party is the true owner.

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