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How long do house purchases usually take to complete?

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Posted: Wed Mar 14, 2018 4:06pm
21 replies666 views18 members subscribed
JeffSu

Posts: 2

Location: La Marina

Hi, we're looking to buy in La Marina, coming over in about a months time to look at properties, can't wait, Jeff and Sue 😊

Doug 648

Wed Mar 14, 2018 7:17pm

Posts: 14

Location: Cabo Roig

6 helpful posts

Posted: Wed Mar 14, 2018 7:17pm

Hi not to put you off but it can take a while some estate agents can sort most things out you will need a good English speaking solicitor a Spanish bank account any thing you see and like if you put in an offer try and bid less than 14 to 15 per cent less than the asking price it will go some way towards your costs

Andrew65

Andrew65

Helpful member

Wed Mar 14, 2018 7:52pm

Posts: 346

Location: La Marina

189 helpful posts

Posted: Wed Mar 14, 2018 7:52pm

Ours completed in about six weeks but was a purchase from a bank so no chain. I would work on about 12% on top of purchase cost for costs.

Kimmy11

Kimmy11

Very helpful member

Wed Mar 14, 2018 11:50pm

Posts: 821

860 helpful posts

Posted: Wed Mar 14, 2018 11:50pm

JeffSu wrote on Wed Mar 14, 2018 4:06pm:

Hi, we're looking to buy in La Marina, coming over in about a months time to look at properties, can't wait, Jeff and Sue 😊

Hi Jeff and Sue,

Assume you have already opened a Spanish bank account and obtained your NIE numbers (you won't be able to buy a property without them)?  The time it takes to complete a purchase depends on the property you want to buy.  A good solicitor (abogado) - make sure you choose one who is independent, rather than tied to an estate agent, to ensure they are working in your best interests - will check everything, including any development that has taken place which hasn't been approved by the Town Hall (Ayuntamiento) and added to the Land Registry (Cadastre) records.  If there are such irregularities, they will need to be regularised as part of the purchase (your solicitor should ensure that this is at the vendor's cost).

We recently sold my in-laws' property in La Marina and it took 4 months in total.  Although the property was empty, delays were introduced by the time it took to process the inheritance to my husband and his siblings, and to regularise the Cadastre to include a staircase which had been enclosed without permission.

Good luck!

Kind regards,

Kim

josie13

Thu Mar 15, 2018 7:56am

Posts: 128

Location: San Luis

32 helpful posts

Posted: Thu Mar 15, 2018 7:56am

JeffSu wrote on Wed Mar 14, 2018 4:06pm:

Hi, we're looking to buy in La Marina, coming over in about a months time to look at properties, can't wait, Jeff and Sue 😊

Hi jeffsu 

We moved to Spain in 2016.  We arrived 26th October. We had arranged to meet up with an estate agent the following day. We found a property he arranged for a solicitor  (who was brilliant  and cheap) she took us for our NIE no. He took us to open a bank account.  We moved into the property 5th December so all just under 6 weeks. We have never been happier since our move.

Good luck. 

Josie. 

Purdy

Purdy

Helpful member

Thu Mar 15, 2018 2:53pm

Posts: 49

Location: La Marina

56 helpful posts

Posted: Thu Mar 15, 2018 2:53pm

JeffSu wrote on Wed Mar 14, 2018 4:06pm:

Hi, we're looking to buy in La Marina, coming over in about a months time to look at properties, can't wait, Jeff and Sue 😊

Over the years we have purchased 3 properties in Spain, time span ranging from about 6 weeks to 10 days! (that being our current property)  On the last purchase we used an English gestoria now based in Quesada who was brilliant because he knew we needed to move quickly (wasting money on rental at the time as having sold our previous property) If you want his details I would be only to happy to provide them for you. He offers a range of services that you would need. 

Suse3

Thu Mar 15, 2018 3:01pm

Posts: 2

Location: Torrevieja

Posted: Thu Mar 15, 2018 3:01pm

Hi, that's very kind of you, it would be much appreciated. We are coming to spain in a few weeks just waiting for 

My wife's passport renewal to come back then we can come over many thanks jeff and Sue 

Purdy

Purdy

Helpful member

Thu Mar 15, 2018 3:08pm

Posts: 49

Location: La Marina

56 helpful posts

Posted: Thu Mar 15, 2018 3:08pm

http://lancasterlegals.com       Pleased to help, we dealt with Pip. 

Ada

Ada

Helpful member

Sat Mar 17, 2018 9:11am

Posts: 423

Location: Torrevieja

203 helpful posts

Posted: Sat Mar 17, 2018 9:11am

Previously bought one in two weeks and it could have been done in 7 days! but depends on circumstances make sure you get the cash over in time as this causes a lot of problems and be careful of bank charges for receiving money in Spain, Ciaxa bank for instance charge for anything over 25K deposited so can work out very expensive ask the question Sabadell were Ok, also they will try to get you to take out property insurance check be careful it's not worth it a lot of the time they will charge a large fee for issuing a bankers draft and say they will reduce the amount if you take out insurance.

Good luck

Doug 648

Sat Mar 17, 2018 10:16am

Posts: 14

Location: Cabo Roig

6 helpful posts

Posted: Sat Mar 17, 2018 10:16am

We used smart MONEY

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