subject: Terry Wright Spain Property Guide [print this page] When you are looking to buy the right property in Spain, you should really make sure that you are making a special trip specifically just to visit the properties that meet your requirements, Terry Wright Spain recommends that you avoid mixing your holiday with buying a property in Spain as it is essential that you focus on the many important factors that you need to take into account.
It is imperative when buying a property that you consider how far the property is from the nearest airport, the possible rental potential of the property you are looking at, where the nearest amenities are located and which amenities you require. Terry Wright Spain can help you find the perfect property that suits your specific needs whether for rental, investment or to live in.
You also need to be sure that you allow sufficient time to make the decision that is right for you so be sure to get in contact with Terry Wright Spain as they will be able to help you plan your property viewing trip in Spain.
Another important thing to remember is that you should consider appointing the services of a lawyer to carry out due diligence on your property purchase and to ensure that there are no legal issues. Your solicitor will be able to provide the legal guarantees for the purchase in line with Spanish law and check that the property you are buying is free of and charges or debt. Your lawyer will also make sure that any of the contributions with regards to community charges, local taxes, water and electricity bills are all paid up to date.
Solicitors fees are usually around 1% of the property purchase price. It is advisable to use the services of a solicitor in Spain instead of using an English solicitor. The reality is that even if a law office in the UK has Spanish speaking lawyers it is likely that they will not be knowledgeable about the frequently changing Spanish legal requirements.
Something which you will need to obtain to buy a property in Spain is the foreign identification number that foreigners use in Spain and which must be issued by the local government police authorities. Without this identification number you will not be able to buy a property in Spain or obtain service contracts for utilities. Applications to obtain this number can take around 8 weeks to process but will vary from region to region. In any case, it is essential to begin your application for an identification number at the initial stages of the buying process.
To contract utility services for your property in Spain and to pay for them by direct debit you must open a bank account in Spain. Terry Wright Spain can help you with the process to open a bank account in Spain.
