Buying in Spain? Basic Due Diligence Explained | David Posadas Alvarez & Kirti Mirpuri

Описание: Marc Elliott de Lama speaks with Costa del Sol real estate lawyers David Posadas Alvarez and Kirti Mirpuri from Montero Aramburu & Gómez-Villares Atencia.
In this second part of our series, they discuss the due diligence process involved in purchasing property in Spain. This informative discussion covers essential checks and steps for first-time buyers, the importance of early legal consultation, and the involvement of banks and valuation processes. Whether you're considering investing in a new property or a resale, gain valuable insights into navigating the Spanish real estate market safely and efficiently.

[00:00:00]: Introduction and guest introduction
[00:00:11]: Advising first-time property buyers in Spain
[00:00:20]: Steps for due diligence in property transactions
[00:00:41]: Importance of due diligence at various levels
[00:01:01]: Explanation of Community of Owners
[00:01:19]: Different due diligence for new properties
[00:01:39]: Advice for prospective property buyers
[00:02:03]: Importance of consulting lawyers early
[00:02:34]: The learning process for potential buyers
[00:03:09]: Role of advice in property investment
[00:03:39]: Pre-qualifying clients and early planning
[00:04:14]: Financial pre-qualification for peace of mind
[00:04:49]: Impact of changing from cash buyer to mortgage
[00:05:08]: Dynamic change with bank involvement
[00:06:00]: Use of valuers versus surveyors
[00:06:36]: Advantages of involving banks in transactions
[00:07:03]: Importance of early client consultation
[00:07:43]: Offering free initial consultations
[00:08:51]: Sending estimations and understanding costs
[00:09:13]: Taxation and additional costs in Andalucía
[00:09:41]: Breakdown of purchase and mortgage costs
[00:10:03]: Closing remarks and gratitude

Get in touch with David:
[email protected]
+34 952 857 719
https://www.monteroaramburugva.com/
C/ San Juan Bosco, 2 • 8ª planta
29600 • Marbella (España)

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