CW Luxury Villas Ibiza

The Internet has become by far the most useful tool for those who are looking for buy a luxury villa, and typically the first step for any potential buyer is to search various objects on the World Wide Web. But it begs the question, if, as soon as one has found some interesting offers, it is always right to contact the brokers, which offer these objects, and arrange sightseeing appointments. Brokers you do not know and whom you may never have heard of before; Brokers who may not even identify themselves correctly on their homepage.

One option worth thinking about would be to first find out, in parallel to the internet search, which of the brokerage agencies whose real estate you are interested in is really qualified to cooperate. On Ibiza there are several very good agencies with an excellent reputation, a long experience and very good knowledge of the local conditions and offers, which strictly adhere to the ethical principles of brokerage. In addition, if you choose such an agency, you can rest assured that it will give you all the leverage to give you the time to meet you and find out your ideas as accurately as possible. As far as possible, a good broker will share his market knowledge with you and have recently made comparable sales calls, hoping to find exactly what you are looking for. If a good broker does not have an item suitable for you in his own portfolio, he will contact colleagues from other agencies and work with them on a shared commission basis.

The choice of the lawyer
CW luxury villas ibiza always recommends that buyers of a property in Spain seek a qualified lawyer to represent them, as well as a financial adviser who takes care of the tax matters. Once you have decided to buy a property here, it can be extremely useful to contact a lawyer in advance during your stay in Ibiza, even if you have not found your dream home yet. Because you may have to negotiate sales when you're back in your home country, and it's clearly more difficult to find a good lawyer from a distance than on the ground.

Do basic things in advance
The position of a buyer or a buyer can be strengthened in sales negotiations simply by having a lawyer, an NIE number (tax code for foreigners in Spain) and a bank account. This will enable him / her to make a down payment immediately if the offer is accepted. All the other details are taken care of.

Purchase of a luxury villa in Ibiza
When buying a luxury villa, a good broker will also be very helpful in negotiating the purchase price. One must never forget that a too low offer on your part will attract little interest from the seller and then be counterproductive.

A clearly worded offer will generally arouse the interest of the seller. We recommend including all negotiation points from the start, rather than negotiating piece by piece. If possible, submit a written offer (which, of course, must be contractually agreed when the deal is concluded). Not only the price must be given, but also the amount of the deposit, the time you can afford it and the possible date for the contract. You should also specify what you think should be included in the price (for example, furniture or equipment). One point that is often neglected: All technical equipment and installations should be in good working order. And if you have another property to choose from, you should inform the seller about it.

Your lawyer can also be consulted during negotiations to make sure the legal criteria in the offer are met. In more complicated negotiations, the lawyer can also actively intervene and help.

The purchase of a villa in Ibiza
The purchase of a property in Spain is actually a fairly straightforward process. The "last word" in terms of ownership of a property is the Land Registry. There you will immediately receive information as to whether the seller owns the property debt-free and without other charges. Unless the purchase price is paid immediately and in full, a private purchase contract is usually signed in which all the details are already set: the description of the object, the price, the terms of payment, the date of the notarial signature, date of transfer of ownership, etc. At Upon signing the private contract, a down payment will be made on the purchase price, which may vary widely depending on the contractual arrangements. Usually 10% down payment of the agreed price, if the conclusion for the next 30 to 60 days is fixed.

For new buildings that are not yet completed, the purchase price will be paid in several installments during the construction phase. All payments on account must be guaranteed by a bank or an insurance company in accordance with Law 38/1999: If the property is not completed by a specified date, the buyer has the right to reclaim the sums paid plus interest. In addition, another law obliges the builder to conclude a 10-year insurance for the buyer for any construction defects.

Once the entire purchase price has been paid, the seller will receive the notary title deed (escritura). The purchase of a luxury villa in Ibiza has been completed and checked by a CW Group lawyer.