3 Pitfalls to avoid when buying a property in Spain
Dear Readers: I am glad to share with you 3 pitfalls to avoid when buying a property in Spain. Some people may be under the assumption that using a Solicitor will lead to unnecessary expenses.
However, purchasing a property in Spain is a serious business that can be very daunting. Considering all the swindles and frauds committed by unscrupulous agents and developers over the past recent years in Spain. Therefore, always put your trust in an independent Law Firm, like « BZN Lex », who will always be by your side.
First. Beware of unregulated Estate Agents or low cost “bogus solicitors” that might try to offer you cheap “special legal packages”. Why? In order to save just a few hundred euros in the short run, you might face legal dire consequences. In case for example, the property might be illegal, resulting in heavy penalties, fines or even demolition).
Throughout our professional experience, we have witnessed many cases where, the conveyance process has been irresponsibly carried out.
Unreliable legal advisors or agents, who deliberately or inadvertently “fail” to detect hidden charges or encumbrances affecting the properties.
Second. In virtually all these cases, the pattern has always been the same. Deposits paid in advance, purchase agreements poorly drafted, discrepancies affecting the property and Catastro registry…
Third. It is crucial before paying any money to double check very carefully the background legal situation of the dwelling. Distrust those who might exert pressure on you to pay “blindly” a deposit in advance, because they disregard your interests. Be reassured they mindfully be trying to rip you off.
Having the ongoing help of an independent Law Firm will give you peace of mind, saving you money and trouble. We understand the ins and outs of real estate legalities and we’ll have your interests at heart.
Our Legal Reports offer accurate advice, ensuring that relevant searches are rigorously carried out. We always track all property records, investigating any possible problems affecting the property. In essence we’ll make sure that no claims are listed against the property.
For what ends up being only a small fraction of the amount spent on purchasing a property, a qualified lawyer is absolutely worthwhile.
Going without one could ultimately result in greater costs, and it could turn your dream into a real nightmare.
Remember a home is likely the most significant and largest purchase investment that you will ever make in your lifetime. Therefore, do not take unnecessary risks. Always protect yourself from being held legally accountable for the errors of owner’s past.
Should you need reliable advice on buying, selling or renting safely your property in Spain. Please kindly contact us or visit our website www.bestsolicitorsinspain.com and we will be delighted to assist you in a timely manner.
Thank you very much for your attention, and we look forward to offer you the benefit of our “know-how”.
Mr. Beuzón
Doctor in Law
