Scenes from TV documentaries and newspaper reports about tearful individuals complaining after landing themselves in a crisis are in the majority of cases, due to irresponsible and corner/cost cutting practices.
Without knowledge of the language, without professional advice from a reputable agent and in most cases, without even having contracted the services of a bi-lingual lawyer, some unfortunate people do get themselves into trouble.
They are a minority, but strangely enough, they seem to be the only ones who make it to the sensationalist newspaper headlines or who appear on the TV property documentaries.
So, whatever happened to the vast majority of contented Spanish property owners who continue to live happily ever after?
Well, some of the luckier ones are living in a particularly beautiful part of the Murcia countryside in CHL homes! They are normal, sensible people who appreciate the care we take, to make them as happy as possible.
They are the type of people who would not dream of purchasing property anywhere without a thorough verification and surveillance of the transaction by their own independent lawyer and they will usually require a fail-safe Banker’s Guarantee attached to the sales contract. The combination of these factors is also known as: Juridical Security, which is usually associated with countries with a judicial system, to protect individuals and their property.
In simple terms, this achieves “peace of mind” based on three fundamental premises:
Only consider purchasing from an established quality developer (keeping in mind that Spanish adage, translated as: “Cheap, usually turns out to be expensive!”
Contract a bi-lingual independent lawyer to look after your interests. Preferably, a lawyer based in the province where you plan to purchase (see the British Consulate list of lawyers for Murcia).
A full Banker’s Guarantee is to provided, to ensure total compliance with the terms of the sales contract.
Only consider purchasing from an established quality developer (keeping in mind that Spanish adage, translated as: “Cheap, usually turns out to be expensive!”