Spanish property – be Purchase Ready :: Property buyers are missing out on their Dream Home choices in Spain because their legally required documents are not available or up to date when needed. They are essential for viewing property, mortgage approval, putting in an offer to purchase and at the notary when registering the sale.
The property source – bank, developer or private seller – needs to know you are a serious contender with your finance in place and a strong completion date in mind. Recent legislation has added to the purchase paperwork. Typically, around 50 documents per couple have to be collated and ready to secure your chosen dream home.
The Spanish real estate market is returning to previous peak levels of activity and sales. It is obvious there are many properties to sell and plenty of international buyers hunting them down. It’s a fact the best properties go first and, generally, they are snapped-up – by the best prepared buyers.
“Your” dream home sold to a rival buyer
There are 1,000s of “miss buyers” who have failed to get their act together. Instead they have been locked in multiple paperwork deadlocks with banks’ property and departments, Spanish solicitors, developers or promoters. After a month or so of impasse, the seller sees an easier and quicker way to close a deal – and sells “Your” dream home to a rival buyer who has finance and paperwork organised.
Mis-selling in real estate has been around a long time, but “Miss buying” also leads to frustration, tears and heartache for buyers. It happens every day. It’s a sellers’ market…get over it and make sure you are in pole position next time.
From 2001, including the recessional decade from 2007, Walker Property Spain has helped buyers achieve outstanding deals on properties with timely advice and action. Launched in 2017, a FREE purchase management service for international buyers. Purchase Ready was hailed as a great new idea – help and advice when needed and improved sales progress to secure the desired property.
The firm’s Purchase Ready team helps buyers collate all the ID and status paperwork they would need for a speedy purchase; obtaining a mortgage and NIE, the Spanish document necessary to borrow and spend and have utilities in Spain. It was welcomed by stressed-out buyers, wrestling with mañana, mañana responses, tangled forms and their own busy lives back home.