Posted: Wed 29th Mar 2023

Common mistakes when buying real estate in Spanish region of Calpe

News and Info from Deeside, Flintshire, North Wales
This article is old - Published: Wednesday, Mar 29th, 2023

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Common mistakes when buying real estate in Calpe 

Purchase of real estate is a complicated process that contains many steps. The whole procedure becomes even more serious if we speak about buying real estate abroad.

However, if each step is performed correctly, property in Calpe will bring only positive emotions and good profits.

Having a desire to buy a villa for sale in Calpe as quickly as possible, a buyer may make several common mistakes. How to avoid them and what advice can be done in the situation of purchase, we will discuss in the article. 

About Calpe in Spain 

Calpe is a resort of the Costa Blanca, located on both sides of the huge Ifach rock that juts into the sea like the prow of a ship.

It is a pleasant place with a relaxed resort atmosphere and excellent fish restaurants. There are still staggering bull races held here.

Many tourists choose Calpe for its snow-white beaches, as well as its natural beauty – the picturesque rock of Ifach and the salt lake inhabited by flamingos.

The rock twin of Gibraltar has been a source of inspiration for photographers, artists and poets of different times.

Popular mistakes in real estate purchase

  •  Paying money as soon as possible.  

The first rule of buying any property is to pay money only when all the details and terms are discussed and documented. A buyer should invest the money when there is confidence and trust in the seller. If a buyer makes the payment, it means absolute approval of all that was discussed. The seller already has part of the amount for the property, so your negotiating position is weak.

  • Making agreements by word of mouth.  

This point is connected with payment and characteristics of a housing unit. For example, a buyer may ask the seller to paint the walls white and the seller agrees. They leave this promise in oral form without mentioning it in the contract. But in the process of construction, the developer forgets about the promise. The request remains unfulfilled and you do not have the right to complain. 

To avoid such unpleasant situations, clarify all the necessary points in the contract. 

  • Little interest in checking the property documents. 

Real estate in Calpe costs big money so it is extremely necessary to check any tiny detail in the documentation. The square footage of the house and the plot on which it is located must be registered and match the areas listed in the real estate registry. Deviations often occur and should not be a problem, but they should be corrected by the seller at the time of transfer.

  • Avoiding thinking about future repairs. 

Any type of property requires paying utility bills, maintenance and repairs. Their costs greatly depend on the footage, location, and many other factors. It is good to be ready and to have an extra budget to cover the expenses, even if their costs are substantial. 

  • Confidence in every seller.

Before buying, it is important to verify that the seller is the true owner of the property and not the heir or representative of a company that no longer exists. You can verify this by asking the real estate registry.   

The official website Spain-Real.Estate offers housing units in Calpe from trusted developers. Multiple real estate agencies mentioned on the website will help to check the authenticity of the seller and avoid common mistakes. 

Popularity of Calpe among foreign investors 

Good ecology, a comfortable climate and a high standard of living are the main reasons why it is important to buy real estate in Calpe. The demand for real estate here is steadily growing, and no wonder. Almost 300 days a year, the sun shines and the rainfall is minimal – a true slice of paradise on earth. Constant flow of tourists guarantees high rental opportunities and big income. 

The outcomes 

When buying real estate in Calpe, think over each possible variant and identify crucial characteristics. Explore the infrastructure, location, interiors and layouts of villas to make the right decision. Do not avoid addressing professional real estate agencies to get qualified help and obtain positive experience.

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