MAKING A WORLD OF DIFFERENCE   -   SINCE 1982

 

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How to Invest

 

(1) You will need a Spanish bank account, a Certificate of Non-Residency (if applicable) and an "N.I.E." number for all business transactions. We will arrange them for you, assist and advise on transfer of funds and arrange finance, if required. (2) You should have a 10% deposit available to secure the property. (Cash travelers cheques, bank draft). 

(3) Consider your requirements carefully and we will give you professional advice on which investments may, or may not, be suitable. 

(4) You must allow plenty of time for appointments to view properties, choosing the one you prefer and then for us to complete all the legal paperwork. It is difficult to combine a holiday with an inspection visit - especially if there are children with you. 

(5) Decide on the maximum price that you can comfortably afford, allowing for further legal charges and taxes of 7-8% (approx.) to cover Notary fees, Land Registry fees, etc. 

(6) After you have chosen your property or business we will draw up a Private Sales Agreement stating clearly the terms and conditions of your purchase. 

(7) You will receive a verbal translation of the Deed and a certificate (Nota Simple) will be obtained by us from the Land Registry which will be presented to the Notary confirming there are no mortgages or embargoes, prior to signing. 

(9) We also ensure that there are no inherited debts by confirming that Community Fees, electricity, water, rates, etc., have been paid up to date. In future these may be paid by standing order, or you may engage the services of our professional management company. 

(10) We will ensure you have clear title to the property, prior to the Title Deed (Escritura) being signed. 

(11) Upon payment of the balance, the Purchaser, the Vendor and the Notary sign Deeds. Note: money may simply be transferred back to the UK should you subsequently sell the property.


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The Experienced Professional Experts - Since 1982

 

CIF: B38718854

 

info@tenerifepropertyworld.com

 

Tenerife: +34 649 528589

London: +44 (0)20 7904 4993

Manchester: +44 (0)161 261 7784

San Francisco: +1 (415) 578 5052

New York: +1 (347) 321 6946

Miami: +1 (786) 375 8259

Paris: +33 1 78 40 02 50

 

Mail: Apartado 60, Aeropuerto Reina Sofía, Tenerife 38610, Canary Islands

 

Graham K Smith

(Owner / Broker)

 graham@tenerifepropertyworld.com

Mobile: +44 (0)7875 526902

 

www.tenerifepropertyworld.com

www.fuerteventurapropertyworld.com

www.lanzarotepropertyworld.com

www.grancanariapropertyworld.com

www.canaryislandpropertyworld.com

www.canarypropertyworld.com

www.globalpropertyworld.com

Lawyers - Abogados:

Carpintero & Asociados

Tel: (+34) 922 796707

Fax: (+34) 922 750684

carpinteroyasociados@telefonica.net

 

 

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