Below we explain in detail why you should hire a Real Estate Law Specialist before signing the purchase of any property, be it a house, a house, a flat, an apartment, a garage, a second residence, as an investment ...
Because it is the biggest purchase of your life
One of the most relevant decisions we make throughout our lives is the purchase of a home. The average loan that we request from a bank in Spain is 200.000 euros to be repaid in 30 or 40 years, which means a monthly letter between 900-1400 euros, the variability of interest and banking clauses associated with this contract can make That this is a very vulnerable point. Banks know and take advantage.
We usually spend a lot of time in the acquisition of a phone or a car, looking and comparing technical characteristics to infinity, instead in buying in a property, we dedicate rather little time, compared to the investment involved and we only see the elements external, without valuing the hiring, nor everything that is not seen.
In fact, it is usually the largest operation in euros that many people perform at the end of their lives. However, most of the time we make this decision alone, or by asking our partner or family, that they are not exactly legal or financial experts.
Because you need tranquility and a good ally
That a builder, an API, a real estate agency or a Bank intervenes in the sale does not mean that they are on our side, rather the opposite: they will want to do business at our expense and they will surely win us in experience. That is why we need to have an ally (Lawyer) who watches over our interests at all times.
Because the cost is NOT significant
If we see it with perspective, of the total price that we are going to pay for the property, the price of the Lawyer will not be relevant if we think that among the multiple legal, intangible and surplus clauses that we can find later on, they can be much more expensive.
Look at it like this, the price of the Lawyer is not a cost, it is part of the investment. Surely the most profitable after purchase.