12 Aug 2010 12:00 AM:

I have 2 properties on the same urbanization. One is a 2 bed apartment and the other is a an end of terrace house with garden.

The IBI on the apartment is 150 and while I would expect IBI on the house to be higher, it is 4.5 times higher at 660.

I know IBI is calculated of the Valor Cadastral but I don't understand such a huge difference. Apartment is 50 sq m and house about 100 sq on plot about 250 sq m. Both were built at the same time. I bought apartment in 2004 and house in 2007.

Speaking to neighbours with similar sized plots, their IBI is about 400. Is there any way I can investigate why the IBI on my house is so high,?

Thanks,

Sean

Forum thread: IBI Inconsistency

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29 Jan 2009 12:39 PM:

The embargo is on a first floor 2 bed in Lila block.

I am trying to switch to a penthouse (as that is what I was originally buying ) but Aifos want more money as they are saying these properties are much more expensive than where I was buying.

 

Community thread: Should I take offer?

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19 Jan 2009 12:00 AM:

Hello,

In 2004, I signed up to buy a property in a different development but it's all gone horribly wrong. AIFOS sent us a cheque for our money back and we contracted to buy a house elsewhere (Not from AIFOS). Then the cheque bounced. I engaged a lawyer who has secured 2 embargos. As a result, AIFOS have offered me the comleted property which I have embargoed in this development with habitation licence etc. The thing is I do not want or need another Spanish property.

I think the embargoed property we are being offered had a private contract of 235k (the original buyer has secured a different property).Would 235k be about right - I don't know how much they were selling for off plan? Anyway if it is, I am being offered it for the price I was to pay on the original deal - AIFOS can't sell it unless they pay me off first. I have read on this forum that there are people who are worried that their property will not be built. If there is anyone who is buying who was paying that much, then it may be possible to come to an arrangement. I would have a property I don't want, and if the original private contract was originally 235k, I may well be able to release it to someone for that price less what they have paid to AIFOS. That way I get my cash and they get their property for roughly what was the original price.

I don't really want the property but I will buy it if I have to to avoid losing a truck of money.....

 

Community thread: Should I take offer?

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03 Oct 2008 12:38 PM:

  TRT,

One of the lawyers on the forum could correct me if I’m wrong but I don’t think an embargo should stop a buyer from completing, if anything it might be the opposite.

Say there is a property for sale for 150k but there is an embargo on the property of 50k. I think it means that AIFOS can’t get their hands on money until embargo is settled. I think what happens is that when the sale closes, the buyer gets their property, all the money goes to the court, the embargo gets paid and the balance goes to AIFOS.

The thing is if there is a charge or embargo of 145k, then there is not much motivation for AIFOS to complete the deal. Instead they might try the AIFOS trick of offering you a different property as they have loads they can’t shift (for more money of course).

The proposed buyer should talk to their independent Spanish lawyer to determine the best course of action. If they have already paid substantial down payments then they should try and force completion of the deal. Unlike others, at least they are in the position that their property is actually built.

What may be of more concern for the buyer is if the embargo holder goes to court for a forced sale (either taking the property themselves or putting it up for auction). The buyer could then be left with nothing and would then have to go to court themselves if AIFOS don’t deliver an alternative property. As I said they should talk to their lawyer.

 

Community thread: Habitation license for Terrazas de Torreblanca

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07 Nov 2007 4:50 PM:

I did PM to Maria after my last post. Thing is she is in Algeciras and I'm in Ireland (Nerja, when I'm in Spain). Am travelling there in December and hope to make some progress with someone then.

Forum thread: UPDATE RE LATEST VISIT - MARCH 2007

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