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Five tips for buying a holiday home in Spain

December 8, 2017

 

 

So, you were on holiday around Marbella and it blew you away? It happens to all of us. There is something magical about La Costa - it pulls you back over and over again.

 

This is the usual story behind people buying a property around Marbella. And it's human - you start craving for the things you like. Now, before rushing into potentially one of the biggest decisions of your life please have a look at these five tips before you start looking.

 

  1. Secure your finances. Why? Because the property will not be there when you can actually buy and you will only end up losing your time. So, make sure you have your cash available or your mortgage secured before you go viewing properties.

  2. List your property requirements. And involve your partner, children and anyone else important around you. What kind of lifestyle do you want? What's important in the property? The better you know what you want, the better property you will find with the help of your property consultant.

  3. Know your areas. Drive around the areas you are interested in and visit the local amenities to get a look & feel of the area. You might found a terrific property but if the area pulls you off every time it's not for you.

  4. Understand the property market. A good property consultant will know and tell where the property market is today. This will help you in putting things into perspective.

  5. Know the buying process. There are some things that are mandatory when buying a property in Spain, such as NIE (Número de Identificación de Extranjeros) or identification number. In addition, you should know the buying costs before placing an offer - they can be as high as 15% of the purchase price.

If you can check all these five points you are ready to start looking. If not, the chances are that something will go wrong in the way.

 

Contact us - we can help!

 

 

 

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