PLEASE SEE IF THIS IS OK FOR ME TO GO AHEAD WITH SUN LAWYERS - General property discussion in Playa Flamenca - Playa Flamenca forum - Costa Blanca forum in the Alicante province of Spain
AA Free English TV
James Spanish School
interior building work
Car Key Solutions
Jennifer Cunningham Insurances SL
Blacktower Financial Management
Gran Alacant Insurances
ASSSA Insurance
Airport Service Taxi Mil Palmeras  Torre de la Horadada
Gentlevan Removals
Thy Will Be Done
Expat Services
Costa Blanca Building Specialists
Espana Dream Properties

Join the Playa Flamenca forum

Join the Playa Flamenca forumMy name's Alex and this is my website all about Playa Flamenca in Spain. Register now for free to talk about General property discussion in Playa Flamenca and much more!

PLEASE SEE IF THIS IS OK FOR ME TO GO AHEAD WITH SUN LAWYERS - Page 8

Weedster

Posted: Tue Nov 30, 2021 10:49pm

Posts: 87

14 helpful points

Location: Orihuela Costa

Joined: 8 Nov 2021

Posted: Tue Nov 30, 2021 10:49pm

Kimmy11 wrote on Tue Nov 30, 2021 10:28pm:

Hi Tony,

If you like the property, then going ahead with the purchase on the basis of the suggested retention is one resolution, but it's cheeky of the vendor to expect you to sort this out, rather than them.  We did the same thing when we bought our house, although ultimately the vendor resolved the...

... issue at their cost before we completed.  The main thing is that you don't want to be out of pocket in the event that a fine and up to 4 years' retrospective IBI Council tax is applied.

Alternatively, you could agree to the enclosures being removed, subject to a reduction in the sale price - a higher risk strategy if you really want the property, but it depends on how keen the vendor is to sell and whether they have other people queuing to buy their property.

Kind regards,

Kim

Hj Kim

Thanks for your reply.

Really don't know how we stand now. We really like the property and even when we went to buy it the agent said "no offers" and they're taking all the furniture! So we just offered asking price. Then it was the vendor wants 3 months to complete! So I'm beginning to feel this is all one way. Also we will still have to pay solicitors fees and other fees that we have incurred, notary, power of attorney etc. Then we have also paid 7500 euros deposit. Will this all disappear?

So overall, we are 2 months in and if the owner has to sort out all this how much longer do we need to wait. I've replied to our solicitor stating as much and also asking how much we would expect to be out of pocket if we go for permission etc. As usual no reply yet, beginning to get rattled I must admit.

Kimmy11

Posted: Tue Nov 30, 2021 11:00pm

Kimmy11

Legendary helpful member

Posts: 6872

12569 helpful points

Joined: 8 Aug 2017

Posted: Tue Nov 30, 2021 11:00pm

Weedster wrote on Tue Nov 30, 2021 10:49pm:

Hj Kim

Thanks for your reply.

Really don't know how we stand now. We really like the property and even when we went to buy it the agent said "no offers" and they're taking all the furniture! So we just offered asking price. Then it was the vendor wants 3 months to complete! So I'm beginning to feel this is all one way. Also we will still have to pay solicitors fees and other fees that we have incurred, notary, power of attorney etc. Then we have also paid 7500 euros deposit. Will this all disappear?

So overall, we are 2 months in and if the owner has to sort out all this how much longer do we need to wait. I've replied to our solicitor stating as much and also asking how much we would expect to be out of pocket if we go for permission etc. As usual no reply yet, beginning to get rattled I must admit.

Hi Weedster,

Did you pay the €7,500 deposit to the agent or your lawyer?  Is it a "reservation deposit", or is it the legally binding 10% deposit?

Why is the vendor asking for 3 months until completion?

Kind regards, 

Kim

Weedster

Posted: Tue Nov 30, 2021 11:11pm

Posts: 87

14 helpful points

Location: Orihuela Costa

Joined: 8 Nov 2021

Posted: Tue Nov 30, 2021 11:11pm

Kimmy11 wrote on Tue Nov 30, 2021 11:00pm:

Hi Weedster,

Did you pay the €7,500 deposit to the agent or your lawyer?  Is it a "reservation deposit", or is it the legally binding 10% deposit?

Why is the vendor asking for 3 months until completion?

Kind regards, 

Kim

Hi Kim

We initially paid 2500euros to the estate agent as a holding deposit and then 5000 euros more as another deposit. Our solicitor has this money in their account. So I assume this is reservation deposit as it is only about 5% of the purchase price? The vendor was apparently looking for a new house in Spain and said they needed this time as they worked in Spain and would struggle to find time to view and purchase a property, we found this one in 5 days! The estate agent will not put us in touch with the vendor so I don't know the way they are thinking.

Sign up for free or login to reply to this topic

Want to reply to this topic? Login or register for free to post your message:

Find more General property discussion topics from a particular area:


Register for free!

Login to your account

AA Free English TV
James Spanish School
interior building work
Car Key Solutions
Jennifer Cunningham Insurances SL
Blacktower Financial Management
Gran Alacant Insurances
ASSSA Insurance
Airport Service Taxi Mil Palmeras  Torre de la Horadada
Gentlevan Removals
Thy Will Be Done
Expat Services
Costa Blanca Building Specialists
Espana Dream Properties
Advertise your business here
Advertise your property
Help with my computer