Advice from Murcia Golf Properties
Murcia Golf Properties can hold your hand throughout the whole buying process - we can assist with Car Hire for any of your visits, we can introduce you to banks, solicitors and furniture suppliers. We can arrange contractors for alterations/improvements.
On all the properties we can give you detailed costings and explain the different buying methods and procedures. We have included below some useful links and information:
Car Hire
Murcia Golf Properties recommend Sol Mar as their partner agency for our clients car hire needs. Sol Mar are based at Alicante and Murcia airports and have in the past always proved to be a reliable company with good quality vehicles and excellent service.
Click on the logo to enquire or get a quotation:
Legal Advice
Banks and Mortgages
We already have good contacts with all the major banks in the area and can put our clients in touch with reliable local brokers or the bank managers to sort out any finance and insurance required. Click here to request information.
Furniture and Fittings
Murcia Golf Property are able to offer a full after sales service including arranging installation of furniture - lighting - air conditioning - improvements etc etc.After a number of years in the area we have established good links with a number of suppliers. See our FURNITURE PAGE for more info.
Small Works and Alterations
Murcia Golf Properties have a number of trusted builders, painters, joiners and other tradesmen who can carry out any small building works or alterations on yor new property. These could include an internal re-paint, extra storage, new patios, fencing or all manor of tasks. To enquire CLICK HERE
Swimming Pools and Jacuzzis
Murcia Golf Properties and pleased to recommend a trusted local supplier for all our clients pools and jacuzzi installations. Our suppliers have been working in the area for a number of years - they know the resorts and local planning rules and regulations and offer the most efficient and cost effective solutions. They are able to offer any design of pool and can offer a host of extras including heating, covers and jacuzzis.
To contact us about any of our after sales services CLICK HERE
Buying property on a golf resort is a fairly straight forward affair. There are various different methods of buying a contract depending on which stage of development the property is in. A basic explanation of these is detailed below:
Buying From The Developer Off-Plan
The most common purchases in the past were always buying directly with the developer a property that has not yet been built. The developers will often sell direct but the vast majority of purchasers buy through one of their appointed agents. The advantage to the client of dealing with Murcia Golf Properties rather than the developer is that they will get an unbiased view of all the market - re-sales, other developments etc. With the developer you only see the properties they have left and the ones they want to promote.
Initially a client will normally arrive in Spain on an Inspection Trip, although we do have staff on site who can accompany you if you are already in Spain on business or holiday. The client will then choose their favourite resorts and we will then try and locate the best plots available for them, taking into account their personal requirements ie pools, plot sizes, stairs, orientations and proximity to facilities etc.
Reservation Agreement
When a property has been identified a deposit of €3000-€10,000 is payable to reserve any plot - be it a developers property or a re-sale. This deposit will secure the property for 30 days until a contract is signed.
Purchase Contract
On signing the contract and, depending upon the developer and status of the property a private purchase contract is written, On signing this a further payment of 10-25% will be payable.
Clearly unless a contract is cancelled often many of the best plots are reserved early in the life of a development or area as it is released and will therefore not be available until later on in the construction process. At Murcia Golf Properties we keep a close eye on releases and advise our clients as soon as properties are available to ensure they invest in the best plot available at the time. The alternative is to buy a contract from an investor who has picked a good plot early in a development and now wishes to sell on. This is known as a Contract Resale.
Contract Resales
Many properties are available as contract resales. These will often be good plots that are nearing completion that were originally purchased at a low release price. Investors then sell them on with a small profit which means that a client can purchase a prime plot often at a lower price than the developer is actually selling the same property for on a later phase/release. More recently we have seen a number of 'Distressed Contract Re-sales' - this is where the original purchasers are trying to sell the contracts on at a huge loss/discounted price.
The advantage to the purchaser is that sometimes better plots can be found and the property will be closer to completion. The can also sometimes be totally funded by the developers mortgages in place so little or no funds are required against the asking price.
Property Resale
The most common form of resale is buying a property that has been completed and the seller has obtained the escritura (deeds) and for whatever reason is now selling the property on. The advantage to the purchaser of buying a completed property is that often a large mortgage will be available for as much as 70% of the value of the property at lower rates than a UK mortgage.
Purchase Costs
On top of the basic price of the property the buyer will have to pay I.V.A (equivalent to our VAT), notary charges, land registry fees, transfer tax and abogados fees. We will advise on the approximate costs when a purchaser identifies a plot. Normally a 'rule of thumb' will be 7% for IVA , 1% for solicitor and 1-2% for other costs totaling up to 10% above the basic nett price of the property.
Wills
We advise all our clients to make a Spanish will. To avoid any future problems with succession matters as the law in Spain is slightly different to UK if you wish to leave assets to a third party and not children or parents.
If you are interested in any of the above please contact us .
