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Property Valuation - Page 2

Flamencalady

Posted: Fri Oct 30, 2020 8:00pm

Flamencalady

Original Poster

Posts: 205

37 helpful points

Location: Orihuela Costa

Joined: 28 Oct 2015

Posted: Fri Oct 30, 2020 8:00pm

dinnerout wrote on Fri Oct 30, 2020 1:25pm:

Just to add, you were on the right track because the official legally recognised value of a property is, I would imagine, the one listed as the Cadastral value. This is a list maintained by your town hall of all property and its nominal value.

Suma take their rates valuations from this list, but as mentioned before, Suma cannot give you a "valuation"....

...

When buying out a silent partner you would need their agreement and it would require to go before a Notary to change the ownership details legally and issue a new Escritura. This is why you will require the services of an Abogado.

However, there is no point in instructing one unless your silent partner agrees that they want to sell, or would sell under certain circumstances. 

Steve

I understand all that you have said and it all makes sense obviously that is what the person who put this idea in my head which is why I made this enquiry. As you may have seen I had some upsetting feedback from an other member. I am not a horrid person trying to rob anyone just need a fair solution considering the way I have maintained the property and will of course go to my solicitor should the situation arise.

dinnerout

Posted: Fri Oct 30, 2020 8:29pm

dinnerout

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Posts: 2191

2447 helpful points

Location: Beniarbeig

Joined: 18 Sep 2015

Posted: Fri Oct 30, 2020 8:29pm

Flamencalady wrote on Fri Oct 30, 2020 8:00pm:

I understand all that you have said and it all makes sense obviously that is what the person who put this idea in my head which is why I made this enquiry. As you may have seen I had some upsetting feedback from an other member. I am not a horrid person trying to rob anyone just need a fair solut...

...ion considering the way I have maintained the property and will of course go to my solicitor should the situation arise.

I'm not judging you at all, don't worry.

A complete guess on my part but if a co owner to a Spanish property doesn't pay their share of upkeep (rates etc) then I would think there's nothing that can be done from a legal standpoint.

It raises another legal question which may not apply in your case - if one party was paying all the bills and wanted to sell, could the other party who is a co owner block the sale?

Any solicitors about!

Flamencalady

Posted: Fri Oct 30, 2020 8:34pm

Flamencalady

Original Poster

Posts: 205

37 helpful points

Location: Orihuela Costa

Joined: 28 Oct 2015

Posted: Fri Oct 30, 2020 8:34pm

dinnerout wrote on Fri Oct 30, 2020 8:29pm:

I'm not judging you at all, don't worry.

A complete guess on my part but if a co owner to a Spanish property doesn't pay their share of upkeep (rates etc) then I would think there's nothing that can be done from a legal standpoint.

It raises another legal question which may not apply in your case - if one party was paying all the bills and wanted to sell, could the other party who is a co owner block the sale?

Any solicitors about!

I don’t think I will ever sell it is more a point of wanting to buy out other party but that’s not crucial either. Again thank you so much for your input. 

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