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Posted: Wed Jan 19, 2022 11:35am
killjoy wrote on Wed Jan 19, 2022 9:21am:
In cases like yours the Law entitles the buyer to claim the double amount of what he paid. That's why you got your money back so abnormally fast.
Good monring,
would you have the specific law at hand for use in case needed?
I am planning to purchase in the costa but not sure which area is best etc..or which areas to avoid etc.
Best regards,
Philip.
Kimmy11 wrote on Wed Jan 19, 2022 7:22am:
Hi Gary
Is the new listing at a higher price? Perhaps they think they can get more for it? Perhaps they've seen something they want to buy, but need more money for their own to afford it? Perhaps they were out of contract with the agent you offered through - it's very common for agents ...
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...to leave properties on their books that they're no longer actively selling. Could be umpteen different reasons, without asking the vendor direct, you'll probably never know, but I'm delighted to hear you've had your reservation fee refunded.
There are thousands of properties for sale - another will come along. I believe these things happen for a reason and you'll end up with something even nicer. Good luck with your search.
Kind regards,
Kim
Hi Kimmy
Perhaps it was meant to be that we didn't purchase this property and like you say there are lots of properties for sale .We will come over again soon to have another look and hopefully find a better one .
Posted: Wed Jan 19, 2022 10:35pm
gary1966 wrote on Wed Jan 19, 2022 8:46pm:
Hi Kimmy
Perhaps it was meant to be that we didn't purchase this property and like you say there are lots of properties for sale .We will come over again soon to have another look and hopefully find a better one .
Hi,
Can you share some research with me?
What are the best areas? If I buy for 100k - should i budget another 20% for costs to purchase?
Per year i think the cost is not too bad to pay the apartment authority/maintenance company - normal 400 to 500 Eur I do believe.
As Id have to buy without seeing (hardly recommended) or buy on a short visit - I don't want to end up buying in a rough area or buying in a social housing scheme etc..
thanks,
Philip.
Macconraoi wrote on Wed Jan 19, 2022 10:35pm:
Hi,
Can you share some research with me?
Read more...
What are the best areas? If I buy for 100k - should i budget another 20% for costs to purchase?
Per year i think the cost is not too bad to pay the apartment authority/maintenance company - normal 400 to 500 Eur I do believe.
As Id have to buy without seeing (hardly recommended) or buy on a short visit - I don't want to end up buying in a rough area or buying in a social housing scheme etc..
thanks,
Philip.
My advice? Put the brakes on. Buying unseen is a huge no no. They won't show you the stinking and overflowing communal bins outside your property, you won't hear the dog next door barking incessantly or the noise from a local bar and you won't be able to smell any damp, or worse.
Every community will have different fees depending on the facilities and you will have council tax on top (IBI), rubbish (minimal), non-resident tax, monthly standing charges for water and electric and holiday home insurance. You may want to consider a keyholder to make regular checks on the property when you are not there. You have to consider how you will get to the airport and back so either hire car (astronomical rates at the moment) or keeping a car here with annual parking at the airport. If you don't want to have a car every time you need to be on a reliable bus route.
Allow 14% on top of the purchase price for taxes and fees. If you don't get it right there will be another huge lot of fees if you decide to sell and buy elsewhere and that could take months on end.
If you have any intention of renting it out to cover some of your costs you will need a Tourist Licence and only the local Town Hall can say if the property is suitable, definitely not the estate agent.
.
Everybody is different and what suits one won't suit the next. The best thing you can do is visit and then when you find an area you like only then start looking at property.
Posted: Thu Jan 20, 2022 12:00am
Cheryl wrote on Wed Jan 19, 2022 11:08pm:
My advice? Put the brakes on. Buying unseen is a huge no no. They won't show you the stinking and overflowing communal bins outside your property, you won't hear the dog next door barking incessantly or the noise from a local bar and you won't be able to smell any damp, or worse.
Every community will have different fees depending on the facilities and you will have council tax on top (IBI), rubbish (minimal), non-resident tax, monthly standing charges for water and electric and holiday home insurance. You may want to consider a keyholder to make regular checks on the prop...
Read more...
...erty when you are not there. You have to consider how you will get to the airport and back so either hire car (astronomical rates at the moment) or keeping a car here with annual parking at the airport. If you don't want to have a car every time you need to be on a reliable bus route.
Allow 14% on top of the purchase price for taxes and fees. If you don't get it right there will be another huge lot of fees if you decide to sell and buy elsewhere and that could take months on end.
If you have any intention of renting it out to cover some of your costs you will need a Tourist Licence and only the local Town Hall can say if the property is suitable, definitely not the estate agent.
.
Everybody is different and what suits one won't suit the next. The best thing you can do is visit and then when you find an area you like only then start looking at property.
Thanks alot! Im also thinkn maybe Portugal...il see...
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