Will I pay less if I don’t use
movewithus?
No, whether
you go direct to the vendor, or even through
another agent, the price will not be any less,
and in some cases you will actually pay more.
What other costs on top of the
purchase price can I expect?
You should
usually allow around an additional 10% on top of
the purchase price for legal fees, notary fees,
land registry, VAT (IVA) or transfer tax and
stamp duty. This percentage changes in each
different country so please take this as a
general estimate and ask for specific details
from your own legal adviser. They will give you
a detailed breakdown as part of a quotation. If
you are considering taking out a mortgage, the
bank may also charge an arrangement and survey
fee, as in the UK and other European countries.
Do you have resale properties I
can view?
New build
properties or off plan developments are very
popular and are often built to a much higher
standard than older properties.
Usually we
recommend a resale or a recently completed
property if you are looking to move into a
property within a short period of time and are
unable to wait for a new property to be built.
Will I be able to look at the
development before I buy?
Yes, we will
arrange a flight and site visits for you.
Are mortgages easily available
overseas?
Mortgages can
usually be arranged very quickly, subject to the
following information being supplied:-
-
Photocopy of
your last income tax return or last 3 months
salary slips
- Your last
three bank statements
- If self-employed,
your statement of accounts for the last 3
years
Will I have to pay a deposit?
Yes. This will
ensure that the property is taken off the market
and the deposit forms part of a legal contract,
which fixes the price as agreed at the time of
paying the deposit and guarantees you will not
be affected by any future price increases.
This sum will
be held by the lawyer, licensed property
conveyancer or developer and the contract of
sale will be drawn up for your agreement and
signature. If you wish, further transactions
regarding the property purchase can be completed
in your absence by granting Power of Attorney to
your agent or legal representative.
Will I have to pay in stages?
If you are
buying a new build property that is not
completed, or is in the process of being built,
you will normally agree to stage payments. These
vary, however, before you enter into any
contract, you will be told the amounts that will
be due at each date.
Should I use a UK solicitor?
This isn’t
necessary as your solicitor in the UK would
still have to use a local lawyer and therefore
you would be liable for two legal bills! All
communication will be in English, so don’t worry
about understanding legal documents.
Do I have to be present for each
stage of the
legal process?
No, you can
instruct your solicitor to act on your behalf,
even for the final completion. Lawyers in
location are responsible for chasing up all
information required by their clients.
What if I change my mind before
completion?
You are
committed to the Private Purchase Contract but
some people do sell their property before
completion and can benefit from profits of up to
30% or more on the money they initially invested.
