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| USEFUL INFORMATION |
Recommended Pointers When Purchasing Property
in Valencia
- Only deal with a registered estate agent that is
a member of an accredited organisation (eg, A.E.G.A.I
).
- Only deal with an agent with an established professional
infrastructure and office base, solicitor, bilingual
staff, tax consultant, complete after sales services
are fundamental as you will need different services
to get settled in Valencia. Tradesmen, hospitals /
medics, legalities, schools, surveyors, insurance,
local info among many things.
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- Only deal with an agent with a legitimate established
office and qualified staff who are completely bilingual
in the native tongue and English.
- Meeting with estate agents in supermarket car parks and
at the side of the road is not recommended. You need to
know who you are dealing with. Always ask if the houses
you are being offered are directly from the sellers or are
they coming from local agents. Why pay commission twice?
- We believe that it is fundamental that agents selling
property can speak fluent business Spanish as all legalities
and transactions are always conducted in Spanish. You do
not want any disturbing surprises or bills later on. If
an agent can’t speak fluently in Spanish there is
always the possibility that he/she will not have a sufficient
understanding of the legal process. Legalities are everything.
- Don’t just arrive and start looking at properties,
Ask to be shown around the different areas of Valencia,
You need to be shown the negative and positive of each area,
ask why the price per meter squared differs from town to
town, Important aspects can be transport, hospitals, schools,
local amenities, water supply and processed future developments.
- Always start looking under your maximum budget as you
need to be shown what’s available for less money to
fully understand the value of your budget.
- Do not get carried away with beautiful houses, weather,
views or swimming pools, Remember the legalities are the
most important factor in purchasing property, The novelty
will wear off very quickly if there is a problem with legalities
you may find your agent is no longer available. Deal with
a legitimate agency.
- It is always a good idea to use a solicitor who is situated
no more than 30 minutes away from were you are based, You
need to have access to your solicitor and it is fundamental
that they speak fluent English and are familiar with the
tax systems within the European community. Your solicitor
has to be registered with the College of Solicitors of Valencia
and will have a registration number, make sure you ask for
it.
- Sign nothing until your agent and solicitor have presented
you with documentation translated by an official English
translator and proving there is no monies owed on the property,
the title holders are in fact the owners and are legally
entitled to sell the house, That all land registry and tax
declarations have been paid in full and if not that the
person selling understands by law that he/she must pay all
outstanding bills before selling on the property on to you.
- On the day of the signing in the Notary’s office,
you have to be presented with a document called nota simple,
This document is proof to you by the Notaries office that
they have checked that there are no monies owed on the property
you intend to purchase and that the property is known and
accepted in the land registry.
- The notary’s office will process your purchase
to the land registry and your agent should make an appointment
to return to collect the confirmation with you.
- You have to be given a copy of your new deeds proving
you to be the new owner of the property just after you have
signed. You will be able to collect the original deeds after
a number of weeks when they have been processed and registered
with the land registry. But make it very clear to your agent
that you want a copy of the new deeds before you leave the
Notaries office. If you haven’t got a simple copy
of your new deeds you have no proof that you are the new
titleholder of the property.
- As you are moving or purchasing a property in a different
country it is vitally important that you have in place full
after sale services, as YOU WILL need after sales services.
After you buy your house you will need to put correctly
in place legal documentation, Medical, schools, insure you
house, maintenance etc.
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