Day 10
10 Things you should never do when buying abroad.
Never under - declare the purchase price. It was common practice on the continent and some locals consider it acceptable BUT don't be tempted - it is fraud and could land you behind bars
Day 9
10 Things you should never do when buying abroad.
Never ignore the local taxation system. Get advice about your tax obligations and never assume things are done the same as in the country you live in, especially when it comes io inheritance issues.
Never confuse Abogado, eg lawyer, with a Notary. Easily done as Notaries are not part of the conveyancing process. In Spain the Abogado works for you and is there to protect your interests whereas the Notary is there to check the legality of the process. They are not able to advise.
Day 6
10 Things you should never do when buying abroad.
Never buy off-plan without a bank guarantee. It's leagal requirement in many countries for off-plan developers to protect any deposits they receive with bank guarantees - insist on it.
Day 5
10 Things you should never do when buying abroad.
Never sign a contract without having it checked. This is especially crucial when buying an off-plan property and during an inspection trips, when you may feel pressurised into signing something. A good lawyer will always be available by fax or email to check a contract.
Day 4
10 Things you should never do when buying abroad
Never Believe a verbal promise will always appear in a contract. rental guarantees, in particular, are often promised verbally but strangely absent from the contract. ensure your contract is watertight.
Day 3
Never overstetch your finances. It's a dangerous strategy to rely solely on holiday rental income to pay your mortgage and bills. Always have funds in reserve.
Day 2
10 Things you should never do when buying abroad.
Never ignore the effect of the fluctuating exchange rate. Remember, the buying power off your pounds decreases or increases as the value of the euro fluctuates
Spanish Dream Property are members of AIPP we have Ten things you should NEVER do when buying Abroad.
Day 1
Never use an 'in house' lawyer employed by an agent or developer. It is vital to use a lawyer, but make sure the one you use is independent, not part of the same company as the agent or developer from whom you are buying.
