New Build Villas Orihuela Costa
Tips to follow when buying off plan properties in Spain
One of the best ways to buy a cheap home is to buy off-plan. In this article we provide some pieces of advice.
To avoid risks, it is advisable to follow these tips when buying a house on plan:
Investigate about the promoter and his career.
You have to know who sells your house. In case you are a developer, it is advisable to know if you have experience in the sector, if it is solvent or if you own the land on which you are going to build the houses.
Check the contract well.
Although it seems very obvious, read carefully the private contract that will be signed with the company. Check the clauses well and ask any questions you may have. The contract will not be carried before a notary until the owner has handed over the keys.
Get a copy of the plans.
Ask the developer for the plans of the apartment at the time you sign the contract. In this way you could demonstrate any unilateral changes made by the promoter.
Make sure the price and date are accurate.
It is necessary that the documents provided by the developer include the final price of the house, including VAT, as well as the exact date of delivery of the keys. To avoid scares, never accept a document with approximations.
Make payments always through the bank.
The developer must open an account that can only be used for building expenses and that collects the money backed by the buyers. This is where you should make your income by bank transfer, to be more secure.
Ask for an endorsement of the promotion and an individual endorsement.
It calls for a general guarantee for all the promotion, with the aim of guaranteeing all the amounts contributed by the owners. Apart from this general guarantee, it requires an individual guarantee guaranteed by an insurer or a bank. That way you are guaranteed compensation that will allow you to recover the money contributed for housing.
Complete Spanish Property helps you find new build villas in Orihuela Costa.
At Complete Spanish Property we try to make your approach to the Spanish real estate market as smooth as possible. Our advice is to listen to the needs and requirements you may have. If you are considering buying a property on Orihuela Costa, Costa Blanca or Costa Calida, check out our portfolio of properties. We are sure we will have the property you are looking for.
Contact Complete Spanish Property and soon you will be enjoying your dream home in a wonderful place to enjoy life and feel energized and rejuvenated.