A Quick Guide To Buying Property: Costa del Sol
Top Destinations: Malaga, Marbella, Nerja, Fuengirola, Benalmadena, Estepona.
If you’re lucky enough to be buying property in Costa del Sol you don’t need to be told what a great place it is to live or to own a second home. In order to fully enjoy your new home in the Spanish sunshine, you need to ensure you get the buying process right first time without any unnecessary stress or worry.
To help you we have compiled our TOP TIPS on how to successfully buy property in Costa Del Sol.
Do Your Homework
We all know the phrase location, location, location but to get to that stage you need to Research, Research Research.
What is determined to be a great location by some might not suit your specific needs. For more ideas of what to look for when researching see our Top tips for property viewing trips
Stick to the Plan
When viewing a property, it’s easy to get carried away and let the heart do the buying rather than the head. That’s not to say you can’t fall in love with your dream Costa Del Sol property.
So how should you choose the perfect property in Costa Del Sol? Take time to make a plan of what you want out of your Spanish property before you view. A good way to start is to write a list of what you want out of the property now and also in the future. This plan will be helpful when you reflect after viewing properties so you can see if it meets your criteria. Buying and selling fees in Spain can be expensive so it’s important that it will still fit your needs now and in future.
Having your own written plan together with our printable property viewing checklist will help to keep your head part of the decision making if you do fall head over heels in love with your dream Spanish property.
Get Organised Early
When buying in a sought-after location like the Costa Del Sol it does not matter if it’s a recession or boom time – the best houses always get snapped up first. To be able to buy the best property in your price range it will be advantageous to get yourself in the best buying position to make you stand out from other buyers.
A seller will be more inclined to accept an offer from you compared with another competing buyer if you appear to be a serious and well organised purchaser.
The best way to show you are serious buyer is to get everything in place to enable you to move quickly with a purchase.
How To Get yourself in Pole Position to secure a property on the Costa del Sol
Get in touch with an independent Spanish lawyer before your trip
A good lawyer will provide you with initial information about their fees, and associated buying costs. They can assist with what you will need in order to proceed with a Spanish property purchase should you find a property you like (e.g. Spanish Bank account and NIE number) enabling you to get everything in place.
Not only will this information be incredibly helpful but having a lawyer’s details at hand can also put you in pole position to snap up that perfect property.
Total buying abroad can recommended an English-speaking lawyer in the Costa del Sol who is experienced in assisting international clients click here for how to find the right lawyer for you.
Register with a currency specialist
Register with a currency specialist before your viewing trip to assist you with your money transfer. It well known that banks make large profits by offering poor exchange rates and are often slow in making large payments overseas. This can put you at a disadvantage when there is competition to buy that perfect property and often the first person to pay the reservation deposit – Documento de reserva can often secure it before other buyers. Click here for more about the benefits of using a recommended currency specialist to help you with your money transfer.
Organise Your Finances
If you are funding the property purchase in Costa Del Sol with a mortgage it is vital you understand the lending criteria and the amount you can borrow before starting your house hunt. Click here for more information on lending criteria and how much you can borrow when purchasing a property in the Costa del Sol.
Whether you are planning on buying property in Costa del sol now or in the future, our experts can assist you throughout the process. You can download our FREE guide to buying property in Spain including Costa Del Sol packed full of information to assist you with your property purchase in Malaga, Marbella, Nerja, Fuengirola, Benalmadena, Estepona and more.
Or Simply fill in the form on the right-hand side of this page to download yours.
If you have any further questions on the buying process or would like any recommendations for property processionals in Costa Del Sol such as Lawyers, Estate Agents, Currency Transfer Specialists or mortgage advisors call us on 01244 478911 or email firstname.lastname@example.org and one of our advisors will be happy to assist.
Article published: April 25, 2017