It seems that there is something for everyone in Spain, aside from the 300 hours of sunshine every year and fabulous beaches, endless restaurants and cafes, exciting nightlife as well as hundreds of golf courses and water sports for the more energetic amongst us.
Buying a property inSpain may be one of the biggest decisions you will make so it is one that you should take your time over – do you want a property in a quiet rural village or next to the coast? Is your property in Spain purely for holidays? Do you intend to try and earn an income from renting it out? Is it your plan to retire there in the future?
There are lots of things to consider before you hand over your hard earned cash and making sensible decisions at the beginning of your search will save you time, money and possible anguish in the long run when buying your property inSpain. Begin by researching the areas you are interested in and finding out fair market prices for the sort of property you desire. You can use an estate agent to buy your property in Spain or it is also quite common to buy privately through the owners.
Appointing a good lawyer who will do all of the necessary property checks and searches on your behalf and make sure your chosen property is free of debt is essential. This should preferably be one not involved with your estate agent or builder if you are buying a new property. Visit several lawyers and check out their fees before committing yourself.
You should also be thinking of how you will be paying for the property. At this stage, it is worthwhile visiting a few banks and comparing mortgage offers. You will need to now be considering obtaining your NIE number, which will be required for your mortgage and to open your bank account as well as to pay the taxes on the new property. NIEin1Day.com can arrange your NIE numbers with very little fuss and disruption to your property search, leaving you time to get on with more important things.
Hopefully now you have found your perfect property and signed your contract, have your mortgage/finances and bank account in order, your lawyer in place, obtained your NIE number and are finally ready to go ahead with buying your property inSpain.
Once the trip to the Notary is completed all that is left to do is try out the local Bodega…or should that have been on the pre-purchase checklist as well?!