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Looking for a property to buy

Posted: Thu May 28, 2020 3:48pm
8 replies202 views5 members subscribed
Jab1967

Posts: 27

4 helpful points

Location: Torrevieja

Joined: 22 Mar 2020

Hi general question please. We have recently set the wheels in motion on a property in Cabo Roig.

We have paid the holding fee to take it off the market . Set up an appointment in Edinburgh for the NIE application in 3 weeks.

POA paperwork completed by UK Notary today.

Bank account is being set up.

Phew !! , how long does the process now take to complete the purchase ( no mortgage required ) , as we were hopeful of moving in in late July is that a reasonable assumption. Grateful for any advice

Thanks

John

John

Peter3473

Posted: Thu May 28, 2020 3:55pm

Peter3473

Very helpful member

Posts: 988

900 helpful points

Location: Torrevieja

Joined: 21 Oct 2019

Posted: Thu May 28, 2020 3:55pm

From agreeing a price on the 30th September 19 to moving into our property 12th November 19, all went well with no problems. Good luck.

RobScot

Posted: Thu May 28, 2020 3:56pm

RobScot

Helpful member

Posts: 252

288 helpful points

Location: Benimar

Joined: 10 Apr 2019

Posted: Thu May 28, 2020 3:56pm

Processing will depend on yours and sellers lawyers and how quickly they work together, can be done in a few weeks!

Movingon

Posted: Thu May 28, 2020 3:57pm

Movingon

Super helpful member

Posts: 1857

1607 helpful points

Location: Albatera

Joined: 7 Feb 2018

Posted: Thu May 28, 2020 3:57pm

Probably too late but if not already committed then you'd be well advised to NOT use any solicitor recommended by your estate agent but to get your own independent one.

They are a scheming self serving lot at the best of times and being a remote buyer puts you at even more of a disadvantage.

killjoy

Posted: Thu May 28, 2020 7:02pm

killjoy

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Posts: 3232

1849 helpful points

Location: Orihuela Costa

Joined: 4 Nov 2017

Posted: Thu May 28, 2020 7:02pm

Hopefully your lawyer will take care that you get all the documents you will need to contract utilities, a so called "Certificado de Habitabilidad", a "Certificado Energetico", evidence of all taxes, fees, and duties paid etc. In some cases the vendor will try to get away from paying the so called "Impuesto sobre el incremento del valor de los terrenos" passing this on the buyer in the purchase contract. Your are under no obligation to accept this. You should also impose a date line for the definite purchase contract before a notary public OF YOUR CHOICE. If the vendor for any reason fails to complete the sale at such date you are entitled to receive the double of the amount paid as guarantee. Be alert.

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Jab1967

Posted: Thu May 28, 2020 7:15pm

Jab1967

Original Poster

Posts: 27

4 helpful points

Location: Torrevieja

Joined: 22 Mar 2020

Posted: Thu May 28, 2020 7:15pm

killjoy wrote on Thu May 28, 2020 7:02pm:

Hopefully your lawyer will take care that you get all the documents you will need to contract utilities, a so called "Certificado de Habitabilidad", a "Certificado Energetico", evidence of all taxes, fees, and duties paid etc. In some cases the vendor will try to get away from paying the so calle...

...d "Impuesto sobre el incremento del valor de los terrenos" passing this on the buyer in the purchase contract. Your are under no obligation to accept this. You should also impose a date line for the definite purchase contract before a notary public OF YOUR CHOICE. If the vendor for any reason fails to complete the sale at such date you are entitled to receive the double of the amount paid as guarantee. Be alert.

Thanks , yep will keep a close eye on things 

Cheryl

Posted: Fri May 29, 2020 9:39am

Cheryl

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Posts: 2973

3533 helpful points

Location: Albatera

Joined: 8 Jun 2017

Posted: Fri May 29, 2020 9:39am

I'm curious, are you buying this sight unseen using the solicitor recommended by the estate agent?

Jab1967

Posted: Fri May 29, 2020 9:55am

Jab1967

Original Poster

Posts: 27

4 helpful points

Location: Torrevieja

Joined: 22 Mar 2020

Posted: Fri May 29, 2020 9:55am

Cheryl wrote on Fri May 29, 2020 9:39am:

I'm curious, are you buying this sight unseen using the solicitor recommended by the estate agent?

Had a viewing and yes using firm recommended after doing some research 

Wilbur

Posted: Mon Jun 1, 2020 10:22pm

Wilbur

Very helpful member

Posts: 424

641 helpful points

Location: Torrevieja

Joined: 29 Nov 2017

Posted: Mon Jun 1, 2020 10:22pm

Started process on 2 Nov 2017 , got keys on 12 Dec. Gave lawyers POA, everything went like clockwork.

Good luck.

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