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Start of a New Adventure in Spain

This is a story about first buying a property off plan. That had issues. Then found an old cortijo that we would renovate and hopefully turn into a Bed & Breakfast

Is the light getting further away
10 April 2010 @ 18:59

 

Within a couple of weeks he a found a couple of banks interested, once again we had to send all our documents off again (buy this time we must be will known with the Spanish banks).

One came back with an ok as the advisor had sold our situation to them as he had all the original information of the property, but this was also depending on valuation, which again we had to open account with them and send money to pay for this.

The valuation was completed and came back at a lower value then the last one which we had expected. We got back to the vendor and put another offer on the table on how much we was willing to pay for the property, he was not happy with this offer , but we knew he had no choice,  if he decided to put the property back on the market he would only get the current market value for it and the added cost of marketing it again.

He had to liaise with he’s ex wife on this, but it was not long before he got back and agreed to our lasted offer.

Then the next problem arouse, we thought there could be no more problems, but we was wrong, the size of the property was different to what was stated in the land registry,  they said that it was not a major problem to be

 

 

rectified, but it had to be re-measured by an architect and then signed by the town hall, then get it registered at the land registry so that a number can be allocated to the property, which the bank needed. This had to be done by the vendor as this error should have been highlighted and sorted when he purchased it.

 




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1 Comments

Melvyn Donaldson said:
11 April 2010 @ 17:47

Dear Sir,
I think you and your wife deserve a MoP (medal of patience), for putting up with all these problems, also I wonder is some divine source telling you to forget it.
The best of Luck.
The Engineer.



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