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If you have got this far, then you must be
pretty keen on the idea of moving to Spain, and joining the
thousands of ex-pat Brits, French, Germans, Norwegians,
Rumanians, Russians...... that already live here.
There are hundreds of places where you can
hear about the good things, this page is not here to deter you,
but to try and help make your move as painless as possible,
remember the old saying "Buyer Beware".
There are as many dodgy real estate agents
here as anywhere else in the world, who are out to make as much
money as fast as possible. If you take the time to check what
you are being told before parting with your money, then things
should go just fine.
A few little things to bear in mind
when buying a home in Spain.
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When you find some land or a
property you like you will typically be required
to make a deposit of 6,000€. This is your
reservation fee to reserve a property/plot. This money is only refundable if
the seller pulls out. You will lose it if you change your
mind.
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In Spain a seller agrees a price they
want for the property with the estate agent, the agent will
then sell it for what they think they can get. We only charge
a flat fee of 6,000€ making us the cheapest agent in the
area. Some agents will charge you between 10-50% of the
asking price.
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At Caudete
Property we make sure that
the name and NIF/NIE (National Identity Number) on the
escritura (title deed of the property) is the same as the
identity document of the seller. This can save you weeks of
paperwork as the details must be corrected by the town hall
before exchange of property can take place.
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We make sure the property is legal
- Spain has a history of homes being built illegally, then
registering them with the town hall and paying a fine at a
later date. The banks will not arrange a mortgage on an
illegal property, the fine must be paid, and the property
correctly registered before they will do so.
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When you agree
to buy, make an inventory of what is in the house, and get a
written contract of what will be staying in the purchase
price, and what will be paid for as extras, and what will be
taken away by the seller. It is not uncommon to have taps,
lights, blinds, sinks, built in appliances, air conditioning,
shower rails, fireplaces, gates and even doors taken away.
This is the responsibility of the buyer, as we are only
selling the house on behalf of the seller.
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Several weeks
before your purchase you will require a NIE number. You
cannot buy property, cars or many services without one. We to help you arrange this. It
involves 2 visits a couple of weeks apart to the
Police-immigration centre in one of the state capitals.
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Get a Spanish
Bank account, make sure that they do not create a non
residents account (Cuenta de no residentes). You will need the
account to get telephone services.
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If you will
need a telephone landline, make sure that the house you are
buying is on a made up street, with a full postal address.
Telefonica do not provide a service to houses in other areas.
(not even for their employees!)
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After you
purchase, change the locks, even if the property is brand new.
It is very common for the old owners/builders to come back and
have a "look around" while you are out shopping.
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If you are
buying on a mortgage, make sure you are going to be able to
afford the repayments. Miss three payments and the bank will
re-possess.
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If you are
going to work while out here, you will need to be able to
speak Spanish. Except for the tourist resorts, most people do
NOT speak English, and you will have to be able to speak
Spanish to work.
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If you are
resident of the EEC, then moving here is very easy. If you are
a resident of a country outside the EEC you will need to have
a work permit after your 3 month visitor visa expires.
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If you move to
the smaller towns you will also need to speak Spanish, as very
few people will have any words of English at all.
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You will find
things very different to England, the food, the traditions,
the eating times: You will be the stranger in this country,
You will have to change and adapt to their way of life, not
expect the Spanish to adapt to you.
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Very
Important: Get a solicitor to act for you.
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Don't let the
above put you off, the country is great, the people friendly
and helpful, the weather fantastic and the way of life much
better for your general well being.
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