buy an Apartment in Spain

How to buy an Apartment on the Secondary Market in Spain

One of the most popular ways to improve your living conditions is the purchase of real estate in the secondary market.

The tendency to search for it is the secondary housing remains, despite the popularization of share construction, which helps to optimize costs when buying.

Reliable partners when buying and selling real estate – estate agents Torrevieja.

Secondary Housing: The Advantages and Disadvantages

When considering the secondary market apartments catches your eye several obvious advantages: this is ready-made housing, which you can “see and touch” (as opposed to the equity apartments), in addition, housing can have a suitable repair and may have the furniture, which makes the property suitable for habitation “right now”.

The buyer can move in immediately after signing the contract – there is no need to wait for a long time for the completion of construction, which can be delayed due to the problems of the developer.

Of course, there is a downside – there are many nuances, associated with financial and legal security of this kind of purchase. In real estate transactions involve a lot of money, so it is extremely important to be aware of all the aspects and rules of such transactions. For fear of becoming a victim of fraud, many people prefer to trust a professional realtor, who can calculate and foresee all the risks, but the intermediary, in fact, does not guarantee anything, it is only important to conduct the transaction and get the reward.

How to Choose the Right Property?

Before looking for a suitable apartment, the buyer should clearly define all his needs, because only a clear vision of the final result will help to insure a person from the acquisition of housing, which does not fully meet the requirements.

In addition to other parameters of the property, separate consideration should be given to such issues as:

The absence or presence of a balcony / loggia (and many are looking for options with the placement of the loggia on the south side);

Availability of comfortable parking and a playground for children;

The noise level (is it acceptable to have a freeway under the windows, etc.);

Remoteness of bus stops and subway, social and household infrastructure (schools, clinics, supermarkets).

It is best to set your priorities and requirements for your new home well in advance in order not to be disappointed later.

However, it is worth bearing in mind that every “plus” is balanced by the “minus” in the form of increased costs, so it is worth determining exactly how much you need a particular “plus”.

If there are a number of basic desires, such as clean air or a view from the window, it is best to continue the search until you find an option that perfectly satisfies the buyer. Do not stop too quickly on the proposals from the category of “more or less”, because the secondary market in any region, not to mention the capital, daily replenished with new interesting options.

Even if by some miraculous circumstances it happens so that the first apartment you see completely satisfies your needs, do not stop looking for it.

It is better to postpone this option, having agreed with the owner, but after that to view a few more apartments. In this case, when buying will be sure that the first chosen option was really the best in comparison with other similar ones, but it may well be the opposite.

During the inspection, apart from the apartment itself, it is better to check the work of the elevator, garbage disposal and the general condition of the entrances, examine the infrastructure and the stores nearest to the house. You can check the legal aspects of the purchase of an apartment on your own or ask for help from a specialist.

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Christophe Rude

Christophe Rude

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