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7 Points to Consider When Buying a resale property in Spain

What aspects are crucial when we bought a second-hand housing? Obviously the possibility of leaving the property at will are reduced, and there will have to think about reform. But there are other aspects to consider.

One of the most important decisions when we are determined to buy a home is whether it is new or second hand. There are a variety of property used in the Mediterranean coast, and if something catches the attention of these homes is undoubtedly its price. Since 2007, the price of housing in this region has plummeted to adjust.

Consultants such as Fitch notes that 2015 was the year of the end of adjustment. And in 2016 will begin to raise prices. In EUROPAHUS we specialize in selling homes in the Costa Calida and Costa Blanca, from Mazarrón to Denia. So today let's go over seven aspects to consider when we bought a second-hand housing.

1. Check the condition of the property.

They should thoroughly test all structures and facilities for housing. This includes from the electrical system, plumbing, going by the size of the rooms, such as checking if everything matches the description given by the owner. The information of the reforms will be a very important aspect to consider.

2. Ask the neighbors.

The details that may give the neighbors are also important. Sometimes, an apartment is too cheap for a reason: there is some extra expense, a known problem with the property must be done ... This information should know it before it's too late.

3. Go to the Land Registry.

It is essential to approach the Land Registry to meet a number of vital data on ownership and charges that may weigh on the floor. Simple note is the document that provides all this information. Simple note can contain many surprises that are worth knowing.

4. Further information on the homeowners.

You should verify that the holder of the property is aware of payments the residents. Otherwise, the debts could be on the buyer.

5. Take into account the costs associated with the sale.

Every year, homeowners have to pay the Property Tax, the IBI. Who wants to purchase a second-hand flat should verify that it is paid. You can do this in the council ask the seller or the last receipt.

6. Check the granting of the mortgage with the bank.

Before an advance payment for housing, you have to be sure that the bank granted the mortgage. This will prevent unnecessary suffering to us that may occur.

7. Learn about the cost of buying property in Spain.

When you purchase a resale home, you have to pay a number of taxes, such as property transfer and documented acts. Knowing the amount of the tax in the value of housing and how to pay will be crucial to not take unnecessary scares.

EUROPAHUS, your real estate on the Costa Calida.

In EUROPAHUS we provide a comprehensive property advice including all legal and taxation aspects Spain who may not know. We specialize in selling all kinds of second-hand properties and new construction in the whole area of the Costa Calida and Costa Blanca, from Mazarrón to Denia. Check out the catalog of properties available on our website and contact us if you see any that interests you.

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