First of all it seems from what you say that you have found the location you want
The next step is finding the right home for yourself
Off plan just now may not be the best option........before the recession the main advantage was that you were buying at the current price in anticipation of the value being higher when you eventually took possession
Also paying the reservation fee when in Spain on an inspection trip was a way of making sure that the price was fixed.......because in the boom prices were moving up very fast
Not now.......in general there is no need to do this.......you can take your time and only pay money over when you sign the contract and ' at the same time' get a Bank/Insurance Guarantee for your deposit
There are some very good off plan locations but as a general approach in 2009 [ in the middle of the worst recession since the 70's or even the 30's] it will be safer to buy a 'ready now' new property or a re sale
Also the price you are to pay must be very competitive...some very !
So do not rush in.....whatever your real budget look at asking prices....well lets say 25% above it....and just like in the UK.........make an offer...you may be surprised at what you will get for your money!
Now not every developer/ private vendor has to sell.....but there are some great deals out there and if you are in the market to buy.......make sure you get a good deal
My advice at present is that in 2009 there is no need to 'pay a reservation fee' upfront........just pay the deposit when you sign the contract and' at the same time...not weeks later' get a Bank/Insurance Guarantee for your deposit if ' buying off plan'
If you are buying a 'ready now' or re sale then you pay a 10% deposit [ as in UK] and insist that it is held by the lawyers pending completion [ same buying procedure as in UK]
Welcome to Spain.....not just from an agent but a buyer also.....[ who has also had a problem!...now resolved ] ......great Country and great 'Life style'.....our location is Almeria as it is cheaper say than CDS or Costa Blanca ....I'm, sure that you will find your chosen location just as good
Good luck
This message was last edited by rowlandsbb on 12/22/2008.