Advice for buying property in Tenerife

Advice for how to buy property in Tenerife

Buying a property in Tenerife might be considered difficult by many, but it does not have to be. Here is a small overview of what is needed to make a safe and successful property investment in Tenerife.

Find a reliable Estate Agent

The first thing to do is to find a reliable company or agent who can help and assist you buying your dream property. To buy a property in Tenerife can prove to be difficult if you try to do everything on your own or if you end up taking advice from somebody who is not really looking after your interests in a proper matter. There are lots of properties to choose from, and in many cases there are properties that are not live on websites yet. Let your estate agent help finding areas and properties in Tenerife that suits you.

Choose your property

It is crucial that you find the right property, if you don’t find what you are looking for yourself, let your agent help you finding the property that suits you. When you have chosen and decided on what property to purchase, it is important to check that everything in regards to the property is correct to make sure that the purchase is safe and hassle free. Your estate agent will make sure that all documentation for the property is correct and up to date, and make sure that the purchase is correct.

Purchase process

Following is the the process of buying a property in Tenerife and Spain:

– Choose your property

– Verify that the property is legal and up to date with paid taxes.

– Open a bank account in Tenerife.

– Signing of a temporary contract (contrato de Arras) .

– Present your N.I.E number.

– Signing of the purchase agreement at a Notary.

– Pay taxes.

– Register the property in the purchasers name.

 

Let your estate agent guide and help you through this process and your Tenerife property purchase should be safe and simple. Investintenerife.com has many years of experience and know this process very well, we are here to help!Tenerife Property Advice

 


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