The Right Way to buy a repossessed property in Spain in just 3 easy steps.
Viewing and buying a bank repossessed property in Spain is simple and did you know it’s the safest way to buy a property in Spain at a great price? All our properties are guaranteed free of any debts as you are buying directly from the selling bank, there’s no middleman so there is no commissions to pay as with a regular estate agent.
Search For Your Repossessed Property.
Use the search facility on the left of our website to look for your perfect property, you can also sign up to receive our property alerts for as and when new properties are added in the area of your choice.
Complete The Viewing Request.
Once you have decided you would like to view a property then complete the Viewing Request Form. We will then register your viewing request with the bank and a representative will contact you usually within 24-48 hours.
View The Property.
Once the bank have confirmed availability the local viewing agent will contact you to arrange a date for viewing. It is best to choose mored than one property to view in case the property you have chosen has sold in the meantime.
If you are serious about buy a bank repossession then please consider the following to avoid disappointment.
Tip 1. Be Prepared to Act Fast.
Our repossessed properties are presently selling fast, the property market in Spain is certainly recovering and the good news is that there is still a glut of repossessions available, in fact many of the repossessions you see on our website now were repossessed up to 3 years ago but have only come on to the market now because of on going court proceedings and obtaining the necessary clearance permits.
With this in mind you should be prepared to act fast should you see a property you like, if you don’t act fast then you can bet your bottom dollar someone else will.
Tip 2. Register in Advance.
Make sure you complete the Viewing Request Form. form in advance, there are certain protocols regarding “good practice” in place by the various banks so it is imperative you have registered with us, viewings cannot be arranged without this. Registration is currently taking from 3 days to a week but once you have this in place viewings can be arranged quickly.
Tip 3. Property Information & Viewing
The very nature of bank repossessed property means that information available can be limited, put it this way there are no glossy estate agent brochures here.
With this in mind the best way forward with a distressed property is to view it as soon as possible, I cannot stress this enough because by the time you ask various questions where the answers may not be readily available it all costs valuable time and someone has probably stepped in before you, I have seen this scenario many times with repossessed property, remember procrastination is the thief of time!