The Buying Process with GPS-Direct Overseas
Buying a Spanish property WITH GPS-Direct Overseas
Yes, that’s right, we like to think of ourselves as buying with you and not selling to you. We aim to walk you through a relaxed, enjoyable and secure route to Spanish property ownership.
BUYING A RESALE PROPERTY
- So you have browsed through our resale properties, seen a picture of particular interest, viewed more information about the property, had chance to see the various photos and read the sales particulars.
The sales particulars are marked clearly Direct Sales [?] or Full Agency Service. [?]
- If the property is marketed through us via Direct Sales and you require more information or would like to view the property, select “Contact Seller”, an email addressed to the seller will appear, so simply add your contact details and requests to the email in the spaces provided. The seller will contact you as soon as possible with the requested information or to provide you with details of viewing arrangements.
- If the property is marketing through us via our Full Agency Service.
If the seller has accepted our Valuation Service you will know that consideration has been given to a mortgage by a leading Spanish bank and a mortgage illustration [?] is available by selecting “Mortgage Illustration”.
After reading the Mortgage Illustration, select “Contact GPS-Direct”. Upon receipt of your email, we will send you a Solicitor’s Certificate [?] regarding title deeds and any other information we have including viewing arrangements. In addition if you wish we can follow through on your behalf with any specific mortgage requirements you may have.
- Viewing Properties (GPS-Direct Full Agency Service Only)
Viewing arrangements are made as flexible as possible to suit you. You will have the availability of full agency services both in the UK and in Spain. All necessary guidance will be given with regard to your travel and accommodation in Spain.
Our associate agent in Spain will provide you with all the local information you need, give you a detailed inspection of the property and answer all the questions you may have to the best of their ability.
- Following Your Decision to Purchase
In Spain it is customary to sign an “Option to Purchase Contract” [?] which removes the property from the market pending formalising the sale at an office Notary office. It is also usual at the point to pay a non-returnable deposit, subject to all legalities being in order.
Remember you will already have had sight of a Solicitor’s Certificate in respect of the title deed. If you appoint the same solicitor to act for you in the purchase, that firm will provide you with discounted fees.
Some preliminary work may have been carried out but if a mortgage is require, the bank may now require a full mortgage valuation. These are generally less expensive than those carried out in the UK.
As in the UK, your solicitor will be liaising between you, the seller, the mortgage company and the agents. They will arrange an appointment at the Notary office where all title deed transfers, mortgage deeds, property registration and tax papers are signed.
You and any joint purchaser will need to be present that the Notary’s office, as will the seller and a representative from the bank (if applicable). You will of course have the services of your solicitor and our associate agency representative or a GPS-Direct representative.
If for any reason you or a joint purchaser is unable to attend the Notary, then the “Power of Attorney” will need to be given to your solicitor or some other person to act on your/their behalf.
In addition to legal conveyancing matters, your solicitor will have also checked that utility bills and any community charges, are paid up to date by the seller.
Congratulations, you have bought your Spanish property. The Spanish conveyance system can allow you to take possession of your property with a couple of weeks from first viewing, although it is little bit longer if a mortgage is involved.
BUYING A NEW “KEY IN HAND” PROPERTY
GPS-Direct work directly with principal developers in Spain to provide a variety of developments close to the sea and inland for holiday homes, retirement or investment for immediate use.
Once you have seen the details about the Key in Hand [?] Properties and you wish to view or request further information select “Contact GPS-Direct” and an email addressed to us will appear, so simply add your contact details and requests to the email in the spaces provided.
Our normal procedure would then be to commence what we hope will be for you an enjoyable, stress free, secure experience by promptly thanking you for your enquiry.
At any one time there is usually a limited number of key in hand new build properties available. Often they are ex-showhouses and end of development sales. Usually developers are keen to offload these properties quickly and there are excellent buys to be had – but you might need to move swiftly.
Details of viewing arrangements are shown in the New Developments area and may vary from region to region. Our prime objective is to provide for you as much flexibility as possible, coupled with individual service.
Following Your Decision to Purchase
In Spain it is customary to sign an “Option to Purchase Contract” which removes the property from the market pending formalising the sale at an office Notary office. It is also usual at the point to pay a non-returnable deposit, subject to all legalities being in order.
Remember you will already have had sight of a Solicitor’s Certificate in respect of the title deed. If you appoint the same solicitor to act for you in the purchase, that firm will provide you with discounted fees.
Some preliminary work may have been carried out but if a mortgage is require, the bank may now require a full mortgage valuation. These are generally less expensive than those carried out in the UK.
As in the UK, your solicitor will be liaising between you, the seller, the mortgage company and the agents. They will arrange an appointment at the Notary office where all title deed transfers, mortgage deeds, property registration and tax papers are signed.
Your solicitor will need to make checks in respect of the development planning consents and building licenses and ensure that water and electricity is connected and operational, also pay regard to any development community matter as applicable and advise you accordingly.
In the case of new property sales it is most likely that you will be accompanied throughout the whole process of viewing and Notary appointment by a GPS-Direct representative; however, it will be made clear if a Spanish associate agent is involved.
BUYING A NEW “OFF PLAN” PROPERTY
Once you have seen the details about the New Off Plan [?] Properties and you wish to view or request further information select “Contact GPS-Direct” and an email addressed to us will appear, so simply add your contact details and requests to the email in the spaces provided.
Our normal procedure would then be to commence what we hope will be for you an enjoyable, stress free, secure experience by promptly thanking you for your enquiry.
We then contact you to gain a full understanding of your property specifications, location, use of property and budget requirements as well as your buying timeframe. We appreciate that you may be at various stages of progress in research en route to your ultimate property purchase.
Details of viewing arrangements are shown in the New Developments area and may vary from region to region. Our prime objective is to provide for you as much flexibility as possible, coupled with individual service. Some developers may from time to time provide collective inspection trips which can be extremely helpful and time saving for many buyers. Our normal viewings are conducted by appointment on an individual basis to suit our clients.
Following Your Decision to Purchase
Your security whilst the property is under construction and obligation to developer is taken care of as follows:
- You will need to sign an “Option to Purchase Contract” and make a small payment which is returnable should all legalities not be in order. The holding amount can be quite small, from 3,000 euros (or less in some cases), to allow your solicitor to check out the contract and building licenses.
- Where possible we endeavour to visit a solicitor within the inspection trip schedule so that you can take advice.
- The contract will contain Bank Guarantees [?] securing any money deposited.
- Your contract will normally have time guarantees with regards to building completion.
- Attached to your contract will be the specification of building materials.
Our Obligation to You
We will liaise with all interested parties such as the developer and solicitor and any other party you reasonably request us to including financiers.
We will ensure you are regularly updated with details of the property construction process, including photos.
We will make a representative available for your Notary appointment upon completion of the purchase.
We look forward to enjoying your buying experience with you.