Designed Detached Villas in Ciudad Quesada Costa Blanca
5 Tips On Buying on the Coast at the Best Price
Every year, more and more people choose the Spanish Costa´s as their holiday destination or as their dream retirement preferences. Year long sunshine, relaxed lifestyle and affordable living. All this is very hard to find amongst the other European countries.
For many years, the Mediterranean Coast of Spain has been offering a wide variety of properties at a very reasonable price. However it is obvious this will not last forever. If you want to buy a property in the Costa Blanca or Costa Calida you must hurry, as prices are starting to increase.
For more than 10 years, Complete Spanish Property has been helping their clients from all over the world find their dream home in Spain. Our expertise gives us the opportunity to advise you in this article how to find the best property at the best price.
1. Make Sure You Can Afford the Property
Before putting an offer on a property, make sure you can afford it. Knowing exactly how much you can spend is crucial and is the most important factor. Carefully examine how much money you have and how much money you may need to borrow from the bank. Knowing the value of your assets can also help if you need to first sell a property to fund your purchase in Spain.
2. Permanent Living, Holiday Home or investment property?
It is not the same if you are purchasing a property for your holidays or if it is because you are retiring to Spain. And if you are just buying for investment then it also would not be the same. One use or another can determine the negotiations. If you are only coming for holidays and renting out the rest of the year, you might be able to compromise a lower budget property thinking on the returns. On the other hand, if you are moving here to Spain full-time you would probably be making an effort to find the best property for you.
3. Do some research on the property and the vendor
Complete Spanish Property will always do more research about the property and also the vendor and the reasons for selling. Knowing this information can always help in a negotiation. Identify if the property has been on the market for a while or maybe if the price has changed, if there are any external factors that may vary its price or knowing the personal situation of the vendors may help you out when putting an offer on a property.
4. Take a look at the Resale Property Market
Second hand properties are logically lower than new build properties. There are many great resale properties at excellent prices in the Costa Blanca and the Costa Calida area´s. Sometimes there are great bargains with bank repossessions, which not only offer you good prices but also great financial terms. Occasionally with the bank repossessions you can find a “never lived in" property.
Make an offer and try to beat the asking price. You have to negotiate to get the best price available, but if you are too aggressive with your offer, the vendor might reject your offer. You must be polite and show respect for the improvements made on the property; even though you must deduct from the offer price other rcosts for more improvements which might need to be made on the property.
At Complete Spanish Property we know that every client is unique and has different requirements. Let us help you Find the Property You Are Looking For, whether it is for living permanently, for holidays or just for investment.