5 Things to Do BEFORE You Buy a Property in Spain!

Sean Woolley, the managing director of Cloud Nine Spain, shares five things to consider before buying a property in Spain.
0:00 - Intro
0:19 - Don't rely on property portals
1:19 - Choose a trusted agent
2:19 - Ensure the chosen agent has access to the entire market
3:49 - Get mortgage pre-approval
4:43 - Budget for additional costs
Also in podcast format here: / bywsn
1. Don't rely solely on property portals: While property portals provide access to many properties, the data on these platforms may be unreliable. Some agents use portals as lead magnets by listing properties that don't exist or no longer available. It is recommended to verify information with a local agent.
2. Choose a trusted agent: Working with one agent who has access to a shared database of properties can simplify the search process. This system, known as a multi-listing system (MLS), allows agents to provide access to listings from other agents on the coast.
3. Ensure the chosen agent has access to the entire market: Ask the agent if they can show listings from other agents as well. Some agents may only show their own listings to maximize their commissions.
4. Get mortgage pre-approval: Even if you don't plan on getting a mortgage, it is advised to get pre-approval to determine your budget before beginning the search. This helps avoid losing out on properties because of delayed financing.
5. Budget for additional costs: Apart from the property price, there are additional fees and taxes involved. For resale properties, budget around 10% for transfer tax, legal fees, land registry fees, and notary fees. New developments may have slightly higher costs, including VAT and stamped duty. Following these five tips can help individuals make informed decisions and avoid potential pitfalls when buying property in Spain.
Get in touch with Cloud Nine Spain:
Telephone: [phone]
Email: [e-mail]
cloudninespain.com/
Cloud Nine Consulting S.L.
The Pool Marbella (Oficina 3.14)
C.C. El Capricho
Av. Bulevar Principe Alfonso de Hohenlohe 2
29602 Marbella, Malaga
Follow us on Social:
/ cloudninespain
/ cloud-nine-spain
/ cloud_nine_spain
---------------------
Sean Woolley is the author of "From The Ground Up: The Insider's Guide to Buying Spanish Property"
Available on Kindle and Paperback
Buy it on Amazon: www.amazon.es/dp/B08C1SFBSG/r...

[@yieldtothenight]

Don't sign any viewing papers with agents unless it states they will match the price of any other agent. listing the same property.
Fiber Optic is vastly superior to WiMax or ADSL so If internet is important check that it has Fiber.
Check out so see if any farms are nearby because being near a pig farms for example can result in a lot more flies being around.

[@melonmelon7427]

I found the same flat listed on two different portals, by the same agent and using the exact same pictures, however the flat was listed a two different address. After doing some google street research I was able to get the exact location of the flat which was not in the desirable location advertised on one of the portals, but in a less desirable location listed on the other portal.

[@CloudNineSpain]

Thanks for your feedback

[@aidamedia5465]

Really interesting video, Sean. Gave me answers to questions that I had not even thought of. Will check out your other videos. I enjoyed the Sotogrande vs Marbella, Which is better? discussion as neighbours of mine have just been on holiday in Sotogrande. Happily subscribed.

[@CloudNineSpain]

Thanks so much for your feedback. Much appreciated! If there are any topics or areas that you would like us to cover on video, just let me know. Best regards, Sean

[@miguelbarradas9858]

Thank you for the advice 👏👏👏

[@CloudNineSpain]

You're so welcome!

[@rowena14]

Thank you 😊

[@joshuacook2447]

Hello, great video thank you. Where is best to find the pre approval… I’m not strong with Spanish and I.e Santander is in Spanish when I try it

[@CloudNineSpain]

Hi Joshua - thanks for your comment - much appreciated. Here is the link for pre-approval - habeno.com/form?partnerId=b108e12a-b2b4-4fe6-32a5-08db459bccc4

[@BasicBeachCommunity1]

On point

[@mattdawson9294]

Hi sean, im really looking into spanish investments, im fairly new to this (not spain) and would like as much advice as possible, do you have any time to discuss these questions i have please.

[@CloudNineSpain]

Please email [e-mail], many thanks Matt

[@yvonfem]

The only investement in spain is a bad one if you can afford to walk away when things go wrong thats fine the life style is great

[@alexfry8985]

Welche Orte in Estepona sind zu empfehlen für eine Kurzzeitvermietung?

[@CloudNineSpain]

Sorry our German is a little rusty.

[@MidnightExpressMC]

@@CloudNineSpain😂

[@saga4646]

Can americans be approved for mortgages in spain?

[@CloudNineSpain]

Yes, absolutely, but better to use a mortgage broker who can introduce you to the more US-friendly lenders.

[@Guilia11]

You may never know the value of that little money you have until you go bankrupt the bad experience I had last year really made me feel our school curriculum should have more financial literacy and education... It is never enough to have a good job, a huge salary and all the luxuries at your disposal,... But putting some money aside and investing it wisely is never a bad idea,... I learned to invest, no matter how small but life really taught me the hard way.... Investing gives you an edge over tomorrow.... I hope everyone learns too
God bless you in your efforts to educate others, it is always interesting to watch your contents.

[@CloudNineSpain]

Thanks for your kind words Guilia - much appreciated. Investing is never easy. Hopefully we´ve been able to help a few people along the way!

[@fernandowang9541]

Sean, I need your contact info

[@CloudNineSpain]

[e-mail]

[@Redaoran]

Wih the 90 day rule
There's no point buying properties in ES.

[@ykgina031205]

👍👍👍