
Don’t Rush Paying the Deposit in Spain
A Place in the Sun Revisited – Carrie and Steven – Islantilla, Spain
Once you found the area you would like to live in, the next step is finding the local estate agents. Don’t just stick with one but try them all as you will get a better idea of the properties on offer as not all agents have every property on their books. Even thou the agent will want you to stick with them. Buying property in Spain is not like the UK as once you pay your deposit, you’ve committed yourself to the buy and if you decide you don’t like the property any more, you can lose your deposit.
* When buying any property, always seek legal advice.
Lobster (The full English mobile)
Order a Free Sim card + 1st month plan for free.
Phone 711000711 Promotion code: Expat in Mazarron
Email: expatinmazarron@lobster.es
*Terms & Conditions: Offer subject to availability and may be withdrawn at any time without prior warning.
Currencies Direct
Need to know how much your sterling is worth today?
*Click on the link below to obtain a free no obligation quote
Buy me a coffee: If you wish to make a one off donation to help me progress the channel and keep making content, it can be made here:
Expat in Mazarron Subscribers Merchandise
T-shirts / Polo shirts & Mugs
Music & SFX on this video provided by Epidemic Sound under paid license.
Check out Epidemic here:
All my videos are © all rights reserved and are not to be used without my permission. YouTube/Google will remove any content that has been used without my permission.
source
Please check out my Play List "Buying Property in Spain', I've got loads of videos, hopefully that can help you moving to Spain. If there is any videos you would like me to make on this subject, just add below.
Best advice I was given was to always get a mortgage. The banks will do thorough checks before it lends you any money. It could be a mortgage for 10,000€
anyone daft enough to buy at the top of the biggest debt bubble in history is certainly not an investor…….
Thanks for the useful info Shaun, it’s lovely to hear from someone who has experienced the buying process, tbh it’s been quite easy for me as well, you do a cracking good job sir✌🏼🏴☕️
Shaun, another great vlog…thanks for all the research…👍🇬🇧
Can any suggest a good home insurance firm we use mapfre but is quite expensive 😃
Excellent and informative video Shaun, great work and thanks for sharing.
Great info Shaun.
I will be in Bolneuvo in 2 weeks time for a few weeks and have a booked a couple of viewing. Looking around I’m shocked how much maintenance charges can be,especially on the so called cheap properties !
I hope that sun will be there when I land ☀️😎
Keep up the good work,
Top Man 👍🏼👍🏼
I 've watched your from the very beginning. I still enjoy your blogs. Well done
Nice vid Shaun. Be extra careful buying in Almeria region, Albox and that wider area. Lots of properties built there were given proper documentation by the local government. But then the central government decided to overrule that decision and say the properties were illegal. A few have had their homes bulldozed, but there has been a process to “sort of” legalise a lot of villas, and by lots I mean thousands… but they are still not fully legal. Quite a complicated situation, much too much text for a YouTube comment. Tread carefully down there.
A título informativo… España empezó a tener comunidades autónomas cuándo murió Franco lo cual ayudo mucho para pasar sin violencia de la dictadura a la democracia… hay comunidades uniprovinciales y hay otras como Andalucía y las dos Castillas que tienen muchas provincias y en general todas empezaron a pedir más y más transferencias para no ser menos que los catalanes y vascos
In my honest opinion, a good estate agent should always know % of all taxes involved in sale and yearly, as well as possible communal fees. Furthermore assist/direct in 'background check' we call it Titel Insurance to make sure property has no liens. That should not be the buyers responsibility. Seems in Spain a potential buyer really has to do their homework!
Great info as usual, thanks for sharing Shaun 👍
HI Shaun , A Place in the Sun and all the others never go into the most important thing of all is, who owns the land the property stands on ? is it freehold ,is it leasehold ,without this vital info' all you have got is 4walls and a roof , as you know ,here in Blighty ,we have very strict rules relating to Leasehold and freehold ,you can't buy a property without a tie up related to these aspects of of law relating to land ownership . People who own property in U.K .would never have purchased a property without sorting this out so, why do they seem to go blindly into buying in Spain without sorting this out first ? the mind boggles ! A U.K. Solicitor would never carry out this conveyance without dealing with this first .
Having bought and sold in Spain l agree with all your points. It always irritates me that on Place in the Sun they never mention the communal fees. Further to your points, why is it always bad to just do a direct deal with someone? You could still go to a Notary to make it all legal couldn't you?
Spain doesnt have 17 different provinces, it has 50. For example, I live in the province of Alicante which is in the autonomous community of Valencia, there are 17 autonomous communities. You don't know very much considering you've lived in Spain for over 6 years.
Informative video thanks
Good advice Shaun. Scary things can happen you have to be so careful. Thanks for sharing the video mate 👍🙏
Hi great advice we didn't know about bank charges when we bought 3 years ago
Great advice I didn't know about bank charges when I bought 3 years ago .hope to see you next month 😊
I would after selling our flat in Torrevieja say if you are not moving full time it’s much better renting. Buying does include a lot of extra work / time / costs and stress, it never ends everyone want’s to earn money on you and most want to rip you off. If you’re living full time in Spain and do speak Spanish everything is much easier.
Not to mention occupations and leaks and so on.
Thanks Shaun, another really informative video 🙂👍
good information shaun.
Morning shaun, good advice again, thx
Do you think the UK and Spain will come to an agreement about allowing people to stay in spain more than the 90 days ? I finally bought a place after 30 years of graft lol. Unfortunately you can only stay 90 days in 180. I know its due to brexit but I am wondering if talks are going on to sort this issue i am 52 and not yet got a pension and don't have half a million to invest . Anyway have a great day
Well done Shaun.👍
Great video Shaun. Does the vendor have to deposit their money with the solicitors to pay in the event they back out do you know ?
Morning Shaun
Trust no one 😂👍
Very informative shaun 👍🏻 👍🏻👍🏻
Morning shaun. Topman👍