Home Purchase: Why You Need an Expert in Real Estate Law
In Spain, an average of 500,000 home sales transactions take place every year, and although it is a very common operation, certain legal and economic problems may arise that we cannot overlook if we want to avoid future headaches whose solution would cost us, in most cases, a lot of time and money. In the worst-case scenario, there may not even be a solution.
In Spain, unlike other countries in our surroundings, there is a belief that if a real estate agent, a notary, and the bank that grants us the mortgage are involved in the sale, any problem or inconvenience will be warned by one of these parties and, therefore, avoided before becoming a catastrophe. We have seen in previous articles how the intervention of a notary and a promoter (in that specific case) was not a guarantee for buyers who, after paying for their homes, ended up being seized and their homes put up for auction.
Although we believe that buying a house is a straightforward process if one of the three figures mentioned above intervenes, their function does not imply carrying out an economic and legal study of the property, so it is essential to have a team of highly reputable and experienced real estate law experts. That is why Valido Home puts at your disposal the best real estate lawyers with more than 10 years of experience, and you can request the complete management of the sale of your home from your home through a single click. This way, you can avoid problems and save money without the need to go through the uncomfortable task of searching for and contacting a law firm, especially if you are buying in a city where you have no references.
On the other hand, if you are thinking of buying or selling a real estate property on the Costa del Sol, the need to have experts in the field who take care of everything for you becomes even more evident. In the municipality of Marbella, due to its particularities, after the annulment of the PGOU of 2010, it is essential to know clearly whether the property we are going to acquire may present urban problems or not. Before buying a property, it is fundamental to know its legal situation, as it may have charges and encumbrances on it, as well as limitations on the property. In this sense, Valido Home can help deal with these tasks and prevent possible problems or complications.
Valido Home will take care of all the points, including the review and drafting of the various contracts that are made during the sales process, avoiding abusive clauses or aspects contrary to the client's interests, and ensuring the total legality of the process. Likewise, we will calculate the expenses and taxes to be paid in the sale, and we will correctly establish which expenses are derived and who should bear them.
Our services do not end with the formalization of the sale in the Notary. Once the client has acquired or transferred their property, at Valido Home, we can take care of the change of supplies - water, electricity, gas - and even the processing of tourist licenses if, for example, the buyer wants to use the property for this type of operation.
In addition, at Valido Home, we also offer the Custody of Amounts service. In this way, if the client wishes, the money contributed in the form of a reservation or deposit will be safeguarded by us until the sale is satisfactorily formalized. This way, the client will have the peace of mind that their money is safe and will not run unnecessary risks.
Valido Home is a 360 solution as we not only cover the legal, economic, and urbanistic study of the property but also, if the buyer wishes, we offer the Home Inspection service of the Property, through which our technicians will carry out a thorough review of more than 1,000 points to be considered in the physical condition of the property.
In conclusion, having the services of Valido Home is essential for a safe real estate transaction. Not only will we facilitate the process so that you do not have to spend your time, but we will also take care of everything so that you do not have to worry about anything. With our team of experts in real estate law and technicians, the purchase or sale of a property will be a stress-free, safe and smooth process. Still not sure? We will resolve any doubts you may have without any commitment.
Miguel S. Moreira
Miguel is a trained architect and building engineer with a ample experience in the real estate sector. He is the co-founder of Valido Home and loves to inform about the risks involved in purchasing property in Spain.