Gecko Towers:
When buying a property in the Marbella region, it’s essential to trust the right professionals for honest and transparent advice. But who should you trust – here are some options:
Reputable Real Estate Agents
Local knowledge: Look for agents with extensive knowledge of the Marbella region and its property market.
While some parties have sought to regulate the Estate Agency market in the Marbella region there are currently little or no formal qualifications that an agent is required to obtain before offering their services to find you a property. This is a negative as the market tends to attract many who believe they have what is required to properly advise you.
There are a few simple tests that you can apply to seek to identify whether or not the agent you are in contact with is of sufficient experience to be trusted by you.
First consider who they work for. Are they long established? Do they have a physical office that you can visit? Do they a website which discloses a team with some substance or is the agent on their own? Is the agency owned by a Spanish registered limited company, often shortened to an “SL”?
Secondly, is the agent happy for you to speak to previous clients to establish just how effective they were in a previous transaction?
Finally, does the agent listen to your requirement or do you feel that you are being “steered” towards specific projects, existing property or off-plan? This is an important driver in establishing good faith and embedding your trust in the agent.
An important deciding factor is do you like the agent? You may well be spending quite sometime over some months with them in a car, viewing properties or at Notary appointments. Do you gel with them?
Transparency: Ensure the agent is transparent about the property’s condition, price, and any potential issues. Especially be clear as to who will be paying the agent in the event of a sale to you. The usual rule is that the seller pays the full commission to the agent.
Lawyers Specializing in Spanish Property Law
Expertise: Hire a local, highly-experienced and bi-lingual Spanish Lawyer (Abogado) with expertise in the Andalusian application of the Spanish property law to guide you through the buying experience
Protection: A good Abogado will solely protect your interests and ensure you’re aware of any potential risks.
Independent Property Consultants
Unbiased advice: Independent consultants can provide unbiased advice on the property market and potential investments.
Market knowledge: They often have extensive knowledge of the local market and can help you make informed decisions.
Other Trusted Professionals
Surveyors: Hire a professional bonded “Royal Institute of Chartered” Surveyor to inspect the property and identify any potential issues.
Accountants: Consult with a well-qualified and experienced Tax Accountant to fully understand the tax implications of buying a property in the Marbella region
When seeking advice, prioritize professionals with:
Local expertise: Ensure they have extensive knowledge of the Marbella region and its property market.
Transparency: Look for professionals who are transparent about their fees, services, and potential conflicts of interest.
Good reputation: Research their reputation online and ask for referrals from trusted sources.
By trusting the right professionals, you’ll be better equipped to make informed decisions and navigate the property buying process in the Marbella region.
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Should you be interested in discussing the process involved in buying a property in the Marbella region, we would be delighted to assist you. We have an experience-qualified and best of breed Associates Network comprising professionals focused on the Marbella region’s property market. Their services include property search, mortgages, legal and tax services, visas, surveying, insurance and currency brokerage. We have done the leg work, testing the quality of our Associates Network and now feel confident in recommending their services to you.
Please note that our posts are for general interest. There is no substitute for proper advice tailored to your specific circumstances as provided by a qualified Abogado who is experienced in the application of the Spanish Law. Nothing contained in this article should be seen or taken as legal, tax or financial advice and cannot be relied upon as such. Neither the writer nor the publisher accepts any responsibility for liabilities arising as a result of reliance upon the information given. All details have been reasonably fact-checked and all efforts have been taken to ensure that facts are accurate as at the date of publication.
Interested to own a property in the Marbella region? Then why not grab a copy of my recently published E-book titled “Buying a Property in Marbella? Please, read this first!” To get your own copy please follow this link https://amzn.eu/d/7uVvXFD
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My details: Mark FR Wilkins, during usual business hours on +34 600 343 917 or e-mail me at mark@therightsgroup.com
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