Property purchase - Page 2

Thank you. Never purchased a property abroad so all help and experience from people who have, is really helpful, thank you. 

Hi Ali,

If I owned the property you want to buy, I'd be furious to discover that my agent is putting the sale at risk like this.  Unfortunately, it's not an uncommon practice in Spain; we had the same thing when we bought.  Fortunately, we met the (British) owners when we viewed the property, so I contacted them, explained that we were prepared to pay a "reservation fee" to our lawyer, but not the agent, and the owners were happy to proceed with us on that basis.  Hopefully, you are using an independent lawyer and not one tied to the estate agent?

Good luck!

Kind regards,

Kim

My Agent was brilliant and so laid back and not pushy at all, I have never seen or had any dealings with him once I decided on my property purchase, it was all done by my solicitor with me transferring monies to my solicitor at their request and all completed within 6 weeks.

Aww thank you so much. We are going out on the 10th February and I've said to my husband that I'd be prepared to go and knock the owners door to have this chat directly with them. It might be our only option to move forward. 

We are in total agreement with our lawyer and his advice. He told us not to pay €1 euro at this stage until he has been given all he's requested from the agents. So far all they've proved is info for noti simple (I've spelt that wrong 🙈) 

Thank you 

We certainly didn't expect any issues the agents have good reviews. Hubby is going to speak to them today to see how we can move forward as we are 100% following our lawyers advice. Can I ask what agent you used. Just in case ours cannot proceed😢

Thank you for taking the time to reply. 

Just a thought but properties in Spain are usually marketed by multiple agents so it may be worth ringing around a few to see if they are able to proceed with the sale instead. Tell them up front you are not prepared to pay a deposit to anyone but your solicitor to avoid wasting your time.

Never pay anything upfront against a mere promise (even in written). You can't imagine all the gaps and tricks waiting to take your money (and run). You can find out the owner from Land registry (Copia simple), Council (ground tax - tributos), and cadaster. Then, get an idea about relistic values "valor medio de mercado" stipulated every year for every individual object here http://csi.ha.gva.es/kiosko/valor_bien_urbano.principal?el_idioma=CAST

Thank you, I've had a search and cannot find online. But your suggestion is worth a shot. Also thought about try to seek owner on Facebook group to see if they are on there. Appreciate your reply 😁

Thank you so much really helpful. 😁

Don't pay your deposit to the agent.  I lost 3k doing that when a property we were buying fell through and during Covid.  Always pay the money to the solicitor who will hold it for you as part of the sale.  Take their advice as they know the laws.