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Hi, can anybody help,
Is it correct that I will need a fiscal number before I can make an offer on a property in Andalucia, If so is it a lengthy process, or could I obtain one here in the UK.
I am going to look at a few properties in the Malaga area on 15.08.07. till the 25.08.07.
Also if I see a property that I like, would it be advisable to engage a lawyer prior to making an offer, so I could have some protection for the return of any holding deposit made should there be any problems, such as illegal build or debts etc.
Hoping someone can give me some advise, many thanks.Chris Williams.
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You don’t need an NIE number to make on offer on a property. The length of time to obtain one depends on where you apply. It can be done in the UK – have a search back on this forum, it has probably been mentioned before.
Be aware that during the month of August….not a lot gets done! Many businesses close completely or are run on limited opening hours with only a skeleton staff so you may want to consider starting the search for a lawyer sooner rather than later.
Good luck with the house hunting and don’t make any hasty decisions – 10 days isn’t a lot of time to do any serious househunting (esp in Aug!). -
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Thanks for both your replies hillybilly and shakeel,
This will be our third visit within the last twelve months the last being only a month ago, we have narrowed our search down to about five properties in a Village that we really like.
I have the name of a Spanish English speaking solicitor and were her office is roughly located in the area, who has been recommended to me by someone on this Forum, but I can’t track down her Phone number so I will have to make that my first priority when I get there.
The trouble is good Village Houses and small Cortijos in this area dont stay on the market for long, we want to have a house to use as a holiday home for a few years with a view to moving out permanently later.
It was the fact that I can’t spend to long there this time, that I wanted some protection re any holding Deposit charged by the estate Agent.
Thanks for the advice about businesses in August.
Chris Williams. -
Chris – not too sure about your comment re village houses and small cortijos selling quickly in that area! Most have been on the market for 1 year+ and are likely to be still on the market in another year’s time too!
Remember, you don’t “have” to agree to pay any or the full amount of a “holding” deposit asked for by a REA – you are at liberty to negotiate your own terms.
Most sellers (and agents) are desperate for sales at present so are likely to agree to contract terms more in your favour than theirs. -
Mr Williams, you don’t need to apply for a NIE number just yet. This will be required at a later stage to open a bank account and for completion at the notary. It can be achieved through various ways. The easiest is by means of a Power of Attorney (sent to the UK) with a duly legalised copy of your passport. With that your spanish lawyer can apply for it on your behalf in Spain. You can also apply for it at the spanish consulates in the UK but it takes a couple of months. Or you may apply for it yourself here in Spain at the national Police Station or in one of the Tax offices.
I advise hiring a lawyer from the onstart exactly for what you are saying: to protect you before you sign a deposit contract should it be not refundable, illegal property etc…
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Briano:
You are not buying carrots or potatoes, why such a haste ???? I am sure that you have read various heart breaking stories on the forum, despite many people in theory doing all the right things at the out set.Buying a property in any Country is full of pitfalls. Take your time and if you have to visit again than so be it. It is a small price to pay.
Remember there is no such thing as a perfect property. Its like finding an ideal life partner they dont exist. If you miss one property another will pop up at some stage.
Imagine even the queen does not have the ideal property in London, with traffic/noise pollution etc.
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Hi and thanks once again hillybilly, also thank you Drakan.
I am clearer now on when and how to obtain an NIE number.
My comment about Properties selling fast around the area I am interested in ( Sayalonga, Axarquia ) was probably a bit rash, but it seems that every property I like the look of has already gone.
Although people say properties are not selling at the moment it does’nt reflect in the prices being asked, sometimes I think I’m chasing a runaway train, anyway thanks once again for your exellent advice.
Chris Williams. -
@shakeel wrote:
Briano:
You are not buying carrots or potatoes, why such a haste ???? I am sure that you have read various heart breaking stories on the forum, despite many people in theory doing all the right things at the out set.Buying a property in any Country is full of pitfalls. Take your time and if you have to visit again than so be it. It is a small price to pay.
Remember there is no such thing as a perfect property. Its like finding an ideal life partner they dont exist. If you miss one property another will pop up at some stage.
Imagine even the queen does not have the ideal property in London, with traffic/noise pollution etc.
Thanks for the feedback. I am doing as much research in advance as I can before I go. Crosschecking feedback on tripadvisor against the resort, checking ownersdirect for rent charged and occupation rates etc. Hopefully I will have a shortlist in place and everything will run smoothly. But then again when I view the properties I might be shocked and back out completely.
It does appear to be a buyers market so there is no panic but if I am happy that I have found a suitable place is it possible to wrap it up on one two week trip?
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Briano:
It seams that you are taking all the right measure, what ever you see on rental websites etc, take it with a pinch of salt.
If you are expecting to pay your mortgage by renting out this is not wise.
Please only take the rental income as a contriubution towards the up keep etc and for Prudance, only take into account the rental income for the months of July/Aug.Good luck.
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@Chris Williams wrote:
My comment about Properties selling fast around the area I am interested in ( Sayalonga, Axarquia ) was probably a bit rash, but it seems that every property I like the look of has already gone.
That’ll be because REAs keep properties on their websites that either sold a long time ago, are not for sale at all or aren’t strictly “theirs” to sell. They think it makes them look good when a client rings up to enquire about Property Ref xyz and they can say, “oo sorry but that one’s JUST been sold and we haven’t got round to updating our website yet. We have some similar ones…”
Call me cynical 😉 -
@hillybilly wrote:
@Chris Williams wrote:
My comment about Properties selling fast around the area I am interested in ( Sayalonga, Axarquia ) was probably a bit rash, but it seems that every property I like the look of has already gone.
That’ll be because REAs keep properties on their websites that either sold a long time ago, are not for sale at all or aren’t strictly “theirs” to sell. They think it makes them look good when a client rings up to enquire about Property Ref xyz and they can say, “oo sorry but that one’s JUST been sold and we haven’t got round to updating our website yet. We have some similar ones…”
Call me cynical 😉another lesson learned!
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