Buying property with 'contract' instead of sale of deeds - General Albox discussion - Albox forum - Costa de Almería forum in the Almeria province of Spain
ASSSA Insurance
UK DIRECT REMOVALS
Grupo Platinum Estates
Mini Digger Almera
Have Tools Will Travel

Join the Albox forum

Join the Albox forumMy name's Alex and this is my website all about Albox in Spain. Register now for free to talk about General Albox discussion and much more!

Buying property with 'contract' instead of sale of deeds

Posted: Tue May 17, 2022 6:13pm
4 replies201 views3 members subscribed
DreaD

Posts: 46

3 helpful points

Location: Almería

Joined: 27 Aug 2021

I'm in the process of acquiring a property. Does anyone have any *rather urgent advice on the legal difference between buying and paying as per contract vs the usual attorney route. tx

Paul 1670

Posted: Tue May 17, 2022 7:42pm

Posts: 33

26 helpful points

Location: Los Gallardos

Joined: 29 Dec 2021

Posted: Tue May 17, 2022 7:42pm

I would say don't go there, everything needs to be legal, you need to know if the property is there's to sell and does not have any debts attributed to it as well as the deeds need to be registered properly. The cost do do it properly far outweighs the risk involved. Always go the legal way as checks need to be made 

Alicia 11

Posted: Wed May 18, 2022 8:58am

Alicia 11

Super helpful member

Posts: 2110

1783 helpful points

Location: Mojacar

Joined: 30 Sep 2019

Posted: Wed May 18, 2022 8:58am

if the property is not legal you can buy with a private contract but you will be left responsible for any outstanding debts on it and costs to make it legal.  make sure the contract is drawn up by a legal representative.

MaggieB

Posted: Wed May 18, 2022 9:02am

MaggieB

Helpful member

Posts: 308

214 helpful points

Joined: 10 May 2020

Posted: Wed May 18, 2022 9:02am

Seek legal advice urgently.  Better to pull out and loose money now, rather than be tied to something long term with possible outstanding debt that you might have to pay.  Hope it all works out okay.

DreaD

Posted: Wed May 18, 2022 9:18am

DreaD

Original Poster

Posts: 46

3 helpful points

Location: Almería

Joined: 27 Aug 2021

Posted: Wed May 18, 2022 9:18am

thanks very much Paul

Sign up for free or login to reply to this topic

Want to reply to this topic? Login or register for free to post your message:

Find more General discussion topics from a particular area:


Register for free!

Login to your account

ASSSA Insurance
UK DIRECT REMOVALS
Grupo Platinum Estates
Mini Digger Almera
Have Tools Will Travel
Advertise your business here
Advertise your property
Help with my computer