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Property Surveys

Posted: Thu Dec 12, 2019 8:24pm
3 replies156 views3 members subscribed
rovers48

Posts: 3

Location: Los Alcázares

Joined: 3 Nov 2019

I am in the middle of buying a property in the new part of Los Alcazares (square 525) is it normal that we have had no survey report on the property or a property value. I have also asked if the air conditioning unit is working and was told that it was 12 months ago when the electricity was on but nothing offered to confirm it is working.

Just a little bit apprehensive as not sure how things work in Spain and would I have any comeback if things are not working after completion.

Thanks 

Michelle

PeterC

Posted: Thu Dec 12, 2019 8:30pm

PeterC

Super helpful member

Posts: 2233

1446 helpful points

Location: Los Alcázares

Joined: 10 Nov 2016

Posted: Thu Dec 12, 2019 8:30pm

Wewlcome to Spanish real estate.....you can commission a survey if you want but unless you are getting a mortgage (when the bank might get one) it is down to you. There is no such thing as a property valuation here - you maust do the legwork and see what similar houses are advertised at - there is also no Zoopla equivalent to say what properties have sold for. Substantial discounts are possible depending on the urgency to sell. You must do your own assessment of things like aircon, or get a technical report if you wish.

I am most concerned that you "are in the middle of buying.." If you have paid a 10% deposit you are committed to complete the purchase - or lose the deposit if you decide to walk away. It is essential that you complete all your research before signing anything. I also see that you have been told the electricity was on a year ago - this suggests that the seller should be keen to sell and amy well accept a lower price. Also remember that you should allow 12-15% on top of the agreed price for taxes and fees.

Best advice - be prepared to walk away, there will always be another home.

rovers48

Posted: Thu Dec 12, 2019 9:13pm

rovers48

Original Poster

Posts: 3

Location: Los Alcázares

Joined: 3 Nov 2019

Posted: Thu Dec 12, 2019 9:13pm

hi thanks for your reply, what sort of price do you think a survey would cost.

Thanks

Michelle

MitchNorwich

Posted: Fri Dec 13, 2019 5:25pm

MitchNorwich

Helpful member

Posts: 210

117 helpful points

Location: Isla Plana

Joined: 5 May 2019

Posted: Fri Dec 13, 2019 5:25pm

Hi Michelle

For information - we had a survey done before buying our property (put in the offer subject to survey) on a 2-bed townhouse and it cost approx 480 Euros.

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