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Buying costs

Posted: Sat Feb 1, 2020 11:50am
31 replies2163 views11 members subscribed
paul69

Posts: 35

17 helpful points

Location: Camposol

Joined: 5 Jan 2020

Hi all we are in the process of buying a monsora on d10, the price will be €69000, the estate agent has sent the other costs lawyers, vat , utility connection our total bill will be just over €81000, is that about right? Or is that more than we should be paying, any informed advice from recent buyers would be fantastic. Thanks all

PeterC

Posted: Sat Feb 1, 2020 12:05pm

PeterC

Super helpful member

Posts: 2250

1463 helpful points

Location: Los Alcázares

Joined: 10 Nov 2016

Posted: Sat Feb 1, 2020 12:05pm

Rule of thumb for Murcia is that the extras should be about 12% on top, so that seems about right.

paul69

Posted: Sat Feb 1, 2020 12:43pm

paul69

Original Poster

Posts: 35

17 helpful points

Location: Camposol

Joined: 5 Jan 2020

Posted: Sat Feb 1, 2020 12:43pm

Yes thought so myself peter, the one thing was €500 for utilities connection thought maybe that was a bit steep any views peter?

PeterC

Posted: Sat Feb 1, 2020 1:52pm

PeterC

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Posts: 2250

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Location: Los Alcázares

Joined: 10 Nov 2016

Posted: Sat Feb 1, 2020 1:52pm

You could try a bit of sucking of teeth with them “this looks expensive, could you trim the price?” but at the end if the day you may think that rather than you struggling with all the funcionaries (whose English if any may suddenly vanish), visiting several offices and so on that it is worth paying for.

The only way to really save money is to be a tough negotiator on the price in the first place, which of course reduces the bill for registration tax and so on - a bit late now.

paul69

Posted: Sat Feb 1, 2020 2:17pm

paul69

Original Poster

Posts: 35

17 helpful points

Location: Camposol

Joined: 5 Jan 2020

Posted: Sat Feb 1, 2020 2:17pm

Not too late peter havent signed up yet going over in 2weeks and as a true scotsman will be offering around €10k under price as these are bank repos and are not selling due to downturn in uk buyers due to brexit, thought that would be a good starting point😂 what do you think?

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PeterC

Posted: Sat Feb 1, 2020 3:29pm

PeterC

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Posts: 2250

1463 helpful points

Location: Los Alcázares

Joined: 10 Nov 2016

Posted: Sat Feb 1, 2020 3:29pm

Certainly the best way. Try and do some digging before you meet the vendors/agents and see if you can find out what anything similar has actually sold for locally. We had our house in Andalucia on the market for a year and had the one offer (which we accepted) at more than that discount. You can always go up but never down, but a good close inspection and measure up may produce some rerasons for your offer price.

paul69

Posted: Sat Feb 1, 2020 6:05pm

paul69

Original Poster

Posts: 35

17 helpful points

Location: Camposol

Joined: 5 Jan 2020

Posted: Sat Feb 1, 2020 6:05pm

Yeah peter, i think even though there has been a slight upturn in the spanish market i have been told that the banks are just trying to offload the remaining 30 villas, and have only sold around 5 in the last 8 months, so it will be a very cheeky offer, i wont pay the asking price so if it doesnt work out at least i will have a few days in the sun 😂

Roland

Posted: Sat Feb 1, 2020 9:05pm

Roland

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Posts: 3551

2609 helpful points

Location: Camposol

Joined: 23 Feb 2018

Posted: Sat Feb 1, 2020 9:05pm

Phew !!!

Toprod

Posted: Sat Feb 1, 2020 9:21pm

Posts: 79

34 helpful points

Location: Camposol

Joined: 6 Aug 2019

Posted: Sat Feb 1, 2020 9:21pm

Abbey48 i take it you live on d sector as you know so much about it?

paul69

Posted: Sat Feb 1, 2020 9:45pm

paul69

Original Poster

Posts: 35

17 helpful points

Location: Camposol

Joined: 5 Jan 2020

Posted: Sat Feb 1, 2020 9:45pm

Hi abbey which part of sector d do you live on?

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