16March

MARCH 2020 - LATEST NEWS, TIPS & OFFERS FROM CHERSUN

With temperatures rising this week to over 30c in some parts of the Costa Blanca and Costa Calida this is one of the main reasons why these areas are popular with Northern European buyers. With uncertainty in the property market most developers and sellers are starting to consider offers for their properties. As always the smart investors buy when the market is in turmoil and if you are serious about escaping to the sun and buying a place on the Costa Blanca or Costa Calida NOW is the time.

For more information about buying or selling property on the Costa Blanca or Costa Calida contact us NOW at Chersun.

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Why You Should Only Consider Developers Who Provide Bank Guarantees If You Are Considering Purchasing An Off Plan Property.

There are so many new off plan property choices and it is very important when considering an off plan property that the developer will provide you with bank guarantees for all deposits that you will pay.

When a property has not been constructed it is generally called an Off Plan property and there will be an agreed payment schedule with a deadline date for the property to be completed. There is generally some flexibility with developers regarding the payment terms but as an example you may be expected to pay about 50% of the property purchase price over an agreed timescale and then the balance will be payable on completion.

As reputable Estate Agents we always recommend that all payments should be paid directly to your Spanish lawyer who will then ask the developer to provide a bank guarantee for the stage payment. Never pay directly to the developer as you may not receive a bank guarantee. The reason it is important to get a bank guarantee is that the bank will repay all of your deposit back if the developer went bankrupt or if they did not construct the property by the agreed timescale on the purchase contract. We only deal with developers that will provide bank guarantees.

For more information about the best developers to consider forward to us your property criteria.and budget to enquiries@chersun.com .

How To Open A Spanish Bank Account And What Banks You Should Consider.

It is important to arrange the opening of a Spanish bank account prior to the completion of your property purchase as you will have utility bills, community fees, and other amounts to be deducted from your account to cover the running costs of your new property.

The easiest way to open a Spanish bank account is to allow your Spanish lawyers to open the account if they have your power of attorney. This saves you time sitting in the bank filling in a large amount of forms etc. Once the account has been authorised all you need to do is pop in and pick up your bank cards and also the password for your online banking.

If your lawyers do not have a power of attorney then prepare yourself for a couple of hours to go into the local bank and the account will be open there and then.

The Spanish banking system is very good as you will have online banking which will enable you to track your account and ensure that there are enough funds to cover the bills. A word of caution do make sure there is always a healthy balance as the utility companies are very good at cutting off the utilities if there is non payment of a direct debit.

It is also important to choose a Spanish bank that has an abundance of cash dispensers throughout Spain as you may be charged up to 5% of the withdrawl if it is not from your Spanish bank.

Here are some of the most popular Spanish banks to consider.

Banco Sabadell

Bankia

La Caixa

For more information about the best Spanish banks to consider contact us at enquiries@chersun.com .

Why You Should Have A Professional Property Management Company To Look After Your Spanish Property.

It is recommended that if you are not permanently using your Spanish property then you should engage the services of a professional property management company to look after your property. The management company will visit the property on a regular basis to ensure all is in working order and also to air the property. If you have the property rented then the management company will meet the renters and also arrange to clean and launder the bed linen, towels etc. The cost of property management will depend on what a company has to offer but as a guideline they may charge approximately 500 euros for the keyholding service and then the cleaning bill may be around 80 euros depending on the size of the property. It should be noted that the cleaning bill will normally be paid by the renters on arrival.

We hope that the above advice is helpful to you and if you require more information about our recommended property management companies on the Costa Blanca or Costa Calida contact us now.

How To Avoid Dodgy Spanish Estate Agents.

There has been an influx of new Estate Agencies on the Costa Blanca and Costa Calida and as there are no qualifications or police checks any Tom, Dick or Harry can set up as an Estate Agent. It is very important that you engage the services of a reputable and professional Estate Agency such as www.chersun.com to help you find your place in the sun.

I have below the questions you should be asking the Estate Agency..

How long has your Estate Agency been trading ?

What are their client reviews like, if no reviews on social media be concerned ?

Are you members of the www.aipp.org.uk ?

Will your property portfolio meet my property criteria, budget and do you have resales as well as new builds? Most new Estate Agents will be concentrating on marketing new builds as it takes less time to market new builds compared to listing resale properties.

Finally the internet has a wealth of information and it is easy to find out more about a person by checking social media and by searching google. It is surprising what you can find out and here is an example, my WIKIPEDIA PROFILE

For more information about the buying procedure contact us now at Chersun

View What Our Clients Have To Say About Our Service And Advice.

Our family run business www.chersun.com has provided unrivalled advice and service since 2005. We are passionate about helping people make their dream of having a place in the sun a reality. If you are looking for advice about purchasing a property on the Costa Blanca or the Costa Calida then contact us NOW

As you can see from our recent client reviews below we make the process simple, easy and we always provide an excellent after sales service.

Chersun were absolutely brilliant for us. We were out in Murcia looking at potential areas to buy a property. After a phone call with Suzie, we had a few viewings arranged within the next few days we were there. Suzie worked with other agents to get us some properties that met our criteria, helped with explaining the buying process, negotiated the price, introduced a solicitor, and within a few weeks we had our place in the sun! Thanks a million. Steve Burrows

Very professional service from Paul who took the time to show us the area as well as two properties. A very tailored service. We viewed a couple of properties which fitted our requirement list exactly, one was not the ideal location but Paul did not try to pressure. We would definitely recommend him. Andy Paterson

Our full list of client reviews.

This Months Selected Property Portfolio.

Great Value 2 Bed Penthouse With Roof Solarium San Pedro Del Pinatar 79000 Euros

Stunning Frontline 2 Bed Apartment La Torre Golf Resort 87000 Euros

Bargain Fully Furnished 2 Bed Apartment Roda Golf 99950 Euros

Great Value 3 Bed Duplex In San Cayetano Only 10 Minutes To Beach 120000 Euros

Stunning Modern 2 Bed Apartments San Pedro Del Pinatar 146950 Euros

Recently Renovated 4 Bed Cartagena City Apartment 156900 Euros

Modern Design 3 Bed Detached Villas Vistabella 264900 Euros.

Key Ready Modern Villa Close To All Amenities Santiago De La Ribera 375000 Euros

Stunning Key Ready 3 Bed Villa On The Award Winning Las Colinas Golf 875000 Euros

Customise Your Own Exclusive Villa On The Stunning Las Colinas Resort 975000 Euros

If you would like more information about any of the above properties contact us now. Alternatively please confirm your property wishlist and I will forward you some recommendations.

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Chersun We Are Here To Help You.

If you are considering purchasing or selling a Spanish property do not hesitate to contact us we are here to help you. Our family business has been established since 2005 and we will help and answer the questions that you may have. If you would like us to call you please confirm when it is convenient to contact you. For more information about buying and selling Spanish property go to www.chersun.com