Buying Property and Selling property in Spain:
Your chance to grab a bargain Property in Spain
These days thousands of people are relocating to different countries or different regions within the same country, for reasons of work, business, finance, retirement and sometimes for a better life for their family. and a number of other reasons. There are also a number of ex-pats moving around the world at any given time. Our auctions in Spain play a significant part in bolstering the number of property sales in Spain.
Buying Property in Spain whether buying at auction or any other method, can be very straight forward, but for the non natives there are details you should make yourself aware of. For example, debts on properties can be transferred to the new owner, a nasty shock when you have just moved into your new home. Extensions which have not received planning permission can be an issue although this depends how long it has been built and other factors, so the best advice on buying property in Spain is… get a solicitor.
None of this has to be a problem, but you must use a solicitor, preferably one who will also set up your utility contracts as well, i.e. electricity, water etc. Your solicitor will also advise on Bank accounts, NIE numbers, Padrons etc. all of which is necessary when buying property in Spain, whether buying through auctions in Spain or Estate agents in Spain.
Selling Property in Spain is relatively easy, and many property owners will do so without a solicitor. Occasionally this will be regretted. If you would rather save a few hundred Euros by not using a solicitor, you must understand that if there are any complications when selling property in Spain, this saving becomes a false economy. Some Estate agents may advise you different but their main interest is a quick sale, they would rather not have a solicitor slowing anything down… regardless of reason. When selling property in Spain through this auction, all property owners must use a solicitor, and must provide details of their solicitor to all bidders. This is to ensure that the timescale targets have the optimum chance of being achieved.
As an international on-line property auction, we cover the entire of Spain allowing those buying property in Spain, and those selling property in Spain to trade without the commissions generally charged by estate agents in Spain and maximising your opportunities of selling property and buying property on the internet. Buying at auction is a great way to make equity from the beginning of your purchase. We also cover many other countries including the UK, allowing us to capitalise on the ex-pats moving back and forth. Below are a number of points buyers should consider when buying property in Spain, whether via estate agents in Spain or buying at auction.
Finding a property
When buying property in Spain, you can look in estate agents windows, read local papers or you have the internet which is also an excellent research tool for finding property for sale in Spain especially if you are buying at auction. It is thanks to the internet that we can cover every Spanish region with our auctions in Spain.
The internet is further reaching than local estate agents in Spain, and whilst your local estate agents will have a website, all their marketing is for their shop, not the website, therefore their websites are only ever found by people who know the address of that agent’s website. For this reason, vendors are well advised to proceed with selling property in Spain via both estate agents in Spain, and the internet if they are to optimise their chances not only of selling property, but of selling property at the best price... By selling property in our on-line property auctions in Spain, you will receive a range of bids which hopefully will be acceptable to you, but if not, it is always possible to negotiate a little from both buyer and seller to achieve a deal that everybody is happy with.
Viewing properties
Here are some useful tips to keep in mind when buying Property in Spain:
- View the property for sale in Spain as soon as possible. Leave it too long and you could miss out. Prepare a viewing checklist and take it to the viewing. Ask to see the deeds/escritura, receipts of paid up to date electricity, water, Suma and community charges. There may also be a note simple if any alterations have been carried out and approved by the authorities.
- When 2 of you are buying together, decide who will be the main viewer, and filter out all but the strongest properties.
- Don't be afraid to make several visits with tradesmen to find out what cost you could be in for. Remember if you are buying property in our on-line property auction you will need to get this done in time to bid before the auction close date.
- Check the history of any tatty, and therefore cheaper property for sale. If it's been rented it may have had several landlords, all of whom may have done the bare minimum in repair and maintenance.
- If you're tempted to buy a property to refurbish and sell on, check how long it's been on the market. If it's been for sale a long time, it suggests there isn't much profit to be made.
Making an offer:
If you really want to strike a great deal, you would always be better off checking this website, www.propertyforsalebyauction.com as it is the expectation and your offers will be taken far more seriously. The auction is not only for buying property in Spain, but also in the UK and many other countries.
If you’re not buying from our on-line property auction, it's still human nature to try to strike a deal when buying property, but if you find your ideal property for sale, and it seems to be priced correctly, consider offering the full asking price or something close. This suggests you will be taken seriously, there’ll be no time-wasting and it will minimise the possibility of someone else buying property, or gazumping you. Unfortunately, even in difficult markets gazumping can still happen when buying property in Spain.
Again, different from buying through our property auctions in spain, all offers should be made on the basis of the owner taking the property off the market. Get a 'Sold' board from the estate agents outside, this is a good way to avoid others from looking. You might also ensure that any internet adverts advertising the property for sale have been removed, to avoid any further interest.
Buyer Chains
With our on-line property auctions in Spain, there are no chains, so if you want a quick easy purchase of your chosen property for sale, where you can make your bid and win a bargain, try this property auction first to avoid the hassle of chains.
Many property chains collapse. This can happen for several reasons, from one party not having finances in order, to negative survey results, not necessarily on the property for sale you are buying, but on one further down the chain. This is also frustrating for estate agents in Spain, as they put in the same amount of work in a property for sale which collapses as they do with one which completes. Even estate agents utilise auctions in Spain sometimes.
Below we are providing information on towns and regions throughout Spain.
If you would like to write about your area, or an area you have visited and really liked, please drop us an email and we will include it in our area information pages, we will also add your name as Author if you wish. Please ensure that when writing you make reference to proximity of surrounding towns, villages, local attractions etc. Also transport and access to main routes, airports etc.
Thankyou in advance for anybody who is kind enough and has the time to help us build this guide to Spain. Please see our list below for information to help achieve a basic understand of different areas should you be one of these people relocating to a new location. Just click on the links and it will take you to more localised information.
Just click on your chosen area. Sorry if we have not achieved any information for your area, we are constantly developing this and would welcome your input for any areas we do not already have completed.
- Asturias
- Balaerics
- Canaries
- Cantabria
- Castilla la Mancha
- Castilla y Leon
- Cities
- Costa Almeria
- Costa Blanca
- Costa Brava
- Costa Calida
- Costa de la Luz
- Costa del Azahar
- Costa del Sol
- Costa Dorada
- Costa Tropcal
- Extramadura
- Galicia
- Inland
- Navarra
- Pais Vasco
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