Tenerife Property
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Fetching RSS feed... please stand byA guide to purchasing property in Tenerife
Step by Step - The Easy Way
* There are numerous Estate Agents on Tenerife, many who have been in business a long time and have very good reputations. Check out their guest books to see what previous clients think of them.
A good estate agent will have many varied testimonials and will be happy to supply you with references. Choose an agent you feel confident with, who responds to your initial enquiry with lots of helpful information & advice.
* Then comes the fun part! Arrive in Tenerife and view the properties you and the agent have agreed upon.
* Once you have settled on which property you want to purchase, you may wish to make an offer to the owner, which your agent will negotiate on your behalf.
Assuming the owner accepts your offer or you re-negotiate the price, this is the time to sign a Sales Reservation Contract.
These are fairly standard documents that state the terms and conditions of the purchase, including price, deposit required, and time frame for signing in the Notary etc.
Usually a small deposit is asked for at this point, which will hold the property until the balance of the deposit is paid. This is normally 10% of the sales price, and generally 14 days are given for the buyer to come up with the funds.
* At this point your agent will ask the current owner for paperwork relating to the property, so they can check ownership and that there are no debts levied against the property.
The contract should state that if the buyer decides to pull out of the sale, the seller may keep the deposit paid and if the seller pulls out, then he has to return the deposit & usually pay the buyer compensation.
* The next step is to arrange a date to complete the transaction at the Notary's office, normally within 60 working days of signing the Sales Reservation Contract. The buyer should ensure that sufficient funds are lodged with their bankers here at least five days prior to signing in the Notary.
* Your agent will ask the seller for receipts to show that all the utility bills, community fees and local rates are up to date.
* On the big day, your agent will help you in the bank and then take you to the Notary's office. Prior to signing the Title Deeds (Escritura) the Notary will have done a search (Nota Simple) to check the status of the property. Upon signing the Title Deeds the outstanding balance of the purchase becomes due.
* After signing the costs then have to be paid.
Clients Comments
VisaVerde CS S.L.
Our cliens comments
wrote
Mike Ingham - England.
Was told it would be easy and we had a particularly bad experience but that was not so much the system but more the Agency and in particular the seller who, in the end, wasn't a seller at all and just wanted to waste people's time. However, another opportunity arose and we thought we would try one last time. This time VisaVerde CS S.L. were the agents.
The transaction went smoothly, anything would after the last episode to be fair. However, contact was regular both by telephone and e-mail in relation to updates etc. and everyone was great to deal with. If we were to buy further properties through VisaVerde CS S.L. we would do so in the knowledge that we have been looked after once and that we would be again. Thanks Guys..
Posted April 04, 2008
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Catherine & Brian - England.
We bought our studio in March of this year. We contacted Sue at VisaVerde CS S.L. as the property was on sale through them! Not knowing anything about buying a property in Tenerife it felt really scary!
Well, there was no need as Sue dealt with everything from getting us a viewing, taking us to get our NIE number and to the bank to organize our mortgage and bank account.
It didn't stop there, I bombarded her with questions after questions and she very patiently answered them all with a great amount of patience and detail. On the day Connie took us to the notary and we signed and then it was down to Katya to organize direct debits being setup from start to finish the service was second to none.
The friendship I now have with Sue is brilliant. Thanks again to VisaVerde CS SL..
Posted April 04, 2008
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Steve & Carmen - Scarborough England.
Firstly we would like to thank Sue amongst other things for showing us around the four apartments that we chose to view prior to our visit. Secondly we would like to thank Connie and the rest of the staff at Visa Verde for their help and advice. Thirdly we would like to recommend Visa Verde to anyone serious about buying a property in Tenerife. When we arrived in Tenerife in April we had arranged to view over twenty apartments with eight different estate agents.
VisaVerde CS S.L. were most helpful and professional of all the estate agents we encountered. Lastly we are really pleased with our apartment on the Ocean View Complex and would advise anyone thinking of investing in property on Tenerife to take the plunge and buy. You are not just buying a property you are buying a better lifestyle with a better climate and a cheaper more relaxed way of life..
Posted April 04, 2008
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Robert & Maureen - Sheffield England.
Buying or selling a property in tenerife is not so easy as it may seem, many agents are not to be trusted in fact many fall into this category. VisaVerde CS S.L. are a first class agent in the south of tenerife where nothing is too much trouble. they dont tell you what you want to hear they tell you the facts with honesty playing a major part.
Communication is almost instant with connie at the controls you can leave everything to them she has her finger on the button at all times is astute and very proffesional as are all the staff.
i would like to thank all at VisaVerde CS S.L. for a speedy stress free sale would recommend visa verde to anyone, thanks again..
Posted April 04, 2008
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Howard & Wendy - England.
It was our lucky day when we decided to ask VisaVerde CS S.L. to help find us an partment in Tenerife. Connie, Christine, Gena, Eric and Katia could not have been more helpful. They did exactly what they promised us and made finding and buying the property easy and stress free.
Their knowledge, professionalism, patience and honesty are refreshing. As a retired Police Superintendent, I, (Howard) rarely endorse or recommend anyone but I would have no hesitation in doing so for VisaVerde CS S.L..
Posted April 04, 2008
