Don't Blame Spain

Published on 11/28/2006 in Buying Process

I'm sick and tired of seeing the Spanish property industry slagged off by people who went about buying a property in spain the wrong way, got their fingers burnt and won't face up to their own stupidity.

Time and time again I hear of people buying on the word of some guy they met half drunk in a bar. They do things here that they would never dream of doing in the UK and then wonder why all their money has gone missing.

Buying in Spain is not hard. Don't bother with cheap inspection trips. You may get here for 10 quid but pay 20,000 euros more for the property.  How else do these firms cover the cost of all the non buyers.....you pay for it.

I knew there were better cheaper properties available but because the company I worked for did not get big commissions they were not on the books.

Get a cheap flight, hire a car , find an inexpensive hotel, do some homework, surf the internet for properties and complie a wish list.  Check the area out, if you don't like the area you will never want a house there.  Don't be hasty and never believe it when someone tells you"its the last one" or we've just had a cancellation!!!!it's your lucky day.

I bought my place having been told that only to find the builder had held back 10 properties and released them onto the market later.  Don't let your heart rule your head. keep your feet on the ground and don't over streach your budget. Enjoy your search, get a feel for the Spanish way of life and do not expect things to be the same here as they are back in the UK.  Things take longer to happen, but hey!!! what's the rush....NEVER EVER allow yourself to be pressured by any sales agent…..there is NO NEED.

Written by: Paul Reynolds

About the author:My name is Paul Reynolds. I bought a property like so many off plan 2 years ago. Despite a few glitches its been a fairly easy ride. I am now vice president on my community helping the non resident Brits with their problems.

I never really considered moving to Spain but having lived the nomad life for the past 17 years in places like Dubai, Thailand and Kansas I thought well why not!.  I took a job working for one of the larger Property companies but soon got disheartened having to lie to clients and only show them the properties that paid the biggest commissions. Along with some friends Veritas Homes was born. We give the full picture on how to buy in Spain, what to expect and how to avoid the pitfalls. We have a massive range of properties and even offer a cash back incentive. We are based in Mojacar on the Coast of Almeria and all have family here and most of all love it!!. A team of wild horses will not drag my arse back to England. Give us a Try. www.veritashomes.co.uk or contact me at paul@veritashomes.co.uk




Right arrow icon Send to friends   Right arrow icon Printer friendly version    Right arrow icon Submit your own article


Comments:

freeradical1950 said:
Sunday, January 7, 2007 @ 8:09 AM

I wish that I had read your post BEFORE I bought in Spain. We bought from what we thought was a reputable company, and were lied to on just about everything. It has effected me so dreadfully but stupidly, we trusted these people because they were well known and couldnt believe we could be lied to so readily. Its not like we were property 'virgins' as we run a property rental business in the uk. We are protected in the uk from misinformation and we stupidly assumed that the same laws applied in Spain. Our trust and lack of attention has cost us a lot of money and a lot emotionally too. Is there nothing that can be done about these so called 'reputable' companies telling trusting clients outright lies. I'm on a mini campaign now to inform people of the deception of these inspection trips


disgusted said:
Tuesday, December 5, 2006 @ 2:08 PM

The experience i suffered at the hands of one of the big companies on a property tour left me scarred and for a time i fell out of love with the idea of moving to spain.
I did buy from an independent agent and was treated very proffesionally and we now are thoroughly satisfied.Dont forget you can buy the same house from anybody just ask what commisions they charge and pick somebody you feel comfortable with.



Billyt said:
Wednesday, November 29, 2006 @ 12:19 PM

I completely agree with Paul´s comments. You should always use an agent, and if they are British make sure they are Members of the Federation of British Estate Agents in Spain www.FBEAS.com It has enhanced our imsge tremendously since we joined, with clients knowing that we have to abide by a strict code of Practice. I would recommend it to any British Estate Agents working in Spain and the fees are for nothing.

Bill Peterkin
Manageing Partner
Goulbourn Associates Real Estate



flin said:
Wednesday, November 29, 2006 @ 9:47 AM

I must agree that there are many stupid people that buy in Spain on a whim,but hey we need them or else sayings like "a fool and his money etc" would not have been formed.For what its worth my wife and I came on a 1 to 1 inspection flight and were treated like friends by the couple that showed us the properties.Yep,sure, after we bought part of the money goes towards the promotion of the cheap flights and wages and profits etc but I paid the price because I thought it was about right for our property.Paul of Veritas homes says dont use them but I would have been in the hands of some sort of agent at the end of the day and may have found the best con merchant in the business.Paul also advertises "cash back" in his advert where does that come from? All I am saying here is choose what you feel is the right way to buy a property and remember you dont have to buy at all if you dont want to.


paynesblues said:
Wednesday, November 29, 2006 @ 9:31 AM

I agree it is very demoralising and humilitating to be told that it is 'all your own fault' when so many of us are forced into believing what the 'professionls' tell us as we would at home. It is not true - yes there are people I am sure who have bought at a bar - although I don't know of any. But I certainly know alot of intelligent decent people who put their trust into a lot of professional liars and cheats.


goodstich44 said:
Wednesday, November 29, 2006 @ 8:56 AM

I'm sick and tired of people coming along and saying it's your own fault if you get ripped off by liars and cheats, if only it was as simple as that!
We put our deposit down nearly four and a half years ago, when there was a lot less information than there is now. Also the prices at the time were rocketing, we did the homework on this, checked out our local agent, all seemed good. We were naive enough to use the agent recommended lawyer.
Why we came unstuck though, was because of blatent lies by the developer and the agent and the useless lawyer! At some stage everyone has to trust some legal body to work in your favour, and if you are paying them to do that, then that's what you expect.
Our apartment was two and a half years late being built, 22% smaller than contract, only one pool instead of two, still has no LFO, very ugly compared to plans, no landscaping, sewage problems, and still, the developer refused to budge on price of offer any written compensation!

The courts are sometimes as good as useless, in some cases, people are taking their issue to court and still not getting a fair result, when they sue the developer for issues as blatent as above. is it any wonder the sharks continue to prosper????
So please don't tell us it's our fault, it's that very attitude that is contributing to making many decent peoples lives a misery. Perphaps we were naive, (it was all new to us), but that does make the above acceptable in any shape or form. As if we have not suffered enough, we now face a long and expensive court battle, through no fault of our own.



thisisspain said:
Tuesday, November 28, 2006 @ 10:09 PM

I agree almost 100% with everything you say - one wouldn't buy a home in London or Manchester from a bloke in the bar who has only lived their 6 months and doesn't speak the language. Yet it happens here time after time and does no good for the reputation of the agents who do a professional job.

Steve Hall, Torrevieja - NOT an agent!


Only registered users can comment on this article. Please Sign In or Register now.

Comment Using Facebook:




Related articles in this category

"Ever Thought of Retiring to Spain?", She Asked

10 Year New Build Property Insurance - Seguro Decenal

2007 – The Outlook for Spanish Property….

4 Ways To Help Your Kids Enjoy Their Spanish Holiday

A Quick Guide to Spain's Autonomous Communities

A Room With A View

Agent Property Sharing Systems Cost You Money

Aparthotels - Touristic Apartment Legal Requirements

Bank Guarantees for Spanish Off Plan Developments

Being a Film Set Extra in Alicante

Bored In Spain? Not The Spanish

Breach of Contract - Off Plan Success Story

Building Defects in New Properties

Bullfighting in Spain - On its Last Legs?

Buy Property Safely In Spain...NOT!

Buying a Property in Spain - 10 Points to Consider

Buying a Property in Spain - The Private Contract

Buying A Property in Spain Just Got Safer - And Much More Affordable!

Cave Houses in Spain - ADSL Included!

Completing a new property purchase

Consumer Law - Abusive Clauses In Your Contract

Costa Brava Holiday Ideas

Currency Exchange from Sterling to Euros

Deadly Secrets And Those Books About Spain

Decreto 218 - What It Is And How It Affects Buying Property In Andalucia

Deposit Contract

Dispelling The Myths Of What Is And Isn’t A Snagging Defect And Some Amusing Responses From Builders

DIY snagging - Some pointers on how to ‘Do-It-Yourself’

Do Not Move to Spain if…..

Documento Informativo Abreviado. Brief Informative Document (DIA)

Don't Blame Spain

Don't Criticise the Junta's Actions, Only the Delay in Implementing Them

Eco-Friendly Holidays

Financial And Currency Overview - 2012

Furnishing your Off-Plan

Getting Planning Permission in Spain

Getting The Best Euro Exchange Rate

Help! I'm Busy But Poor!

How to Choose an Architect in Spain

How To Spot The Timeshare Fraudsters

In Times Of Recession Some Imagination Is Needed - Option To Buy

Is Anyone Still Moving To Spain?

Is Disney Coming to Spain? That'll be No.

Is it Dangerous to Buy Property in Spain?

Is Spanish Residential Construction Showing Signs of Recovery?

Is There More To Spanish Wines Than Just Rioja?

It Is Possible Not To Pay Enough For A Property - According To The Tax Man!

It's a Buyer's Market

It's A Good Time To Start Selling Property in Spain

Licence of First Occupation and Completion

Mallorca Property - The Cost Of Buying Explained

More on Consumer Rights When Buying a Property

Most Commonly Asked Questions on Completions and Snagging Inspections

Must Have Common Spanish Phrases To Spice Up Your Spanish

New Regulations Protecting Spanish Property Buyers

No Money? No Problem!

Off Plan Consumer Rights - Sample Purchase Contract

Paramount Theme Park In Murcia - What You Need To Know

Prices Soften As Mortgage Approvals Fall In Lanzarote

Private Purchase Contract - Resale Property

Problems Found by Residential Surveyors in Spain

Property Management - Who Needs It?

Publicity - Part Of The Contract

Real Problems Buying Property in Spain

Result Of Building Standards Survey

Snagging Horror Stories

Snagging Trends & Analysis

So, you want to sell your off plan?

Spain Top Choice for Second Home Abroad

Spain, a Gone Conclusion

Spanish Property Market Stalls On Exchange Rate Strength

Spanish Property Valuations - Confused?

Stimulating The Spanish Property Market – Please Take Note Mr. Zapatero

Taking Better Pictures of Your Property

Taking The Developer To Court - Jan's Story

The art of a successful Snag

The Beginner's Guide to Snagging

The Death Of The Spanish Estate Agent

The Do's And Don'ts Of Buying A Mobile Home In Spain

The Euro - Looking Back and Looking Forward

The Licensing Process For Off Plan Properties In Spain

The Mystery of Spanish Property Online

The Other Side of the Coin

The Right Groups’ – The Costs of Buying in Spain

The Rights Group’s Guide to Buying a Property in Spain

The Spanish Property Crash – Was This What Was Really Happening?

Time to Complete

Time to Complete? - Part 2

Top 10 Reasons To Buy In Spain

Top 3 Budget Restaurants In Central Madrid

Try Before You Buy

Try Before You Buy - A Change In The Property Market

What to do Before and After You Complete on Your New Property

What You Need To Do If Your Spanish Developer Goes Bust?

What's In Store For Spanish Property In 2011?

Where Are All The Property Bargains In Spain?

Who Is REALLY Looking After Your Interest In Spain?

Why Buy On A Golf Resort?

Why Buy Property On A Resort

Why Choose Interest Only For Your Spanish Mortgage

Why You Need a Website To Market Your Rental Property

Click here for a list of all the articles from our magazine 

Spain insurance services


This site uses cookies. By continuing to browse you are agreeing to our use of cookies. More information here. x