Buying in Spain

Ringing in 2019 with Real Estate Goals

Posted on January 11, 2019. Filed under: AirBnB, Buying in Spain, Divorce, First Time Buyer help, Home Seller Tips, Homeownership, Making Life Easier, Orange County Real Estate, Renting, Selling for top dollar, Selling your home fast, Vow2Save Orange County Real Estate Registry | Tags: , , , , , |

Dream Big, Set Goals, Take Action Chalk Drawing

What will your 2019 look like?

We have some big goals for 2019 – one of them being helping our clients achieve their real estate new years resolutions! Whether it’s buying internationally or crowdfunding a down payment for an engaged couple, we can help you accomplish them all. Every year our whole team writes down their goals for the new year and we try to help each other accomplish them. This year, we want to do the same with all of our clients. Writing them down and being able to cross them off when they are accomplished really makes you feel good and it will make us feel good to be able to help you do that.

AskAngie Team’s Goals

Our team has a few things were really excited for this year! This year we plan to really grow our Vow2Save program. We are looking forward to helping a lot more engaged couples crowdfund a down payment so that they are able to buy a home after their wedding. This has been a goal of ours for a few years, and after a lot of work in 2018 we know it is really going to be taking off this year and we can’t wait to see the things it can do for people! We also plan to travel more this year in order to have the best information in helping our clients buy overseas. Last year we went to Spain and met with Realtors there, but we want to be able to do that in many more countries.

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So much more we can do for you!

If you need help selling or buying a home after a divorce or identifying a good AirBnB investment we can help with that and everything in between. We have various services that we are experienced in. Another goal we know some of our clients have is to stop renting and own their first home and we are so excited to help many people achieve that this year especially with the current rent prices in OC. We can help you figure out what your home is worth and how you can sell it fast and for top dollar! We truly value our time with our clients and being able to help them grow their real estate profile and accomplish their goals. If you have any questions or want to share your goals with us so we are better able to  help you please fill out the form below or contact Angie at 949-338-7408!

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Tips and tricks on buying in Spain’s finest cities.

Posted on August 25, 2018. Filed under: Buying in Spain, First Time Buyer help, Homeownership, International Properties | Tags: , , , , |

If you read our last post about buying property in Spain then you know we think its a great idea! Spain is one of the most beautiful places we’ve ever been, and we can’t wait to purchase a home there! After visiting Spain, we wrote a blog post about all the things we learned, but we wanted to know more! We always want to be as educated as we can in order to help our clients make the best decisions in their home buying experiences. Ever since Angie earned her CIPS designation international buying is extra important to us. We had the opportunity to speak to Realtor, Anna Rubio from Keller Williams Capital Properties in DC who has also earned her CIPS designation and works often in Madrid, and she helped answer some of our questions about purchasing in Spain. Now we have someone we can refer our amazing clients too if they choose to purchase in Spain.

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The process of becoming a homeowner in Spain

When you begin your. process of purchasing a Spanish property you’ll make an offer on the place you love with the seller’s agent. In Spain the buyer deals with the seller’s agent directly, because typically buyers are unrepresented, but you can choose be if you want (which you know we always recommend). If your offer is accepted then you and the seller would sign a preliminary contract and you would pay a deposit, usually around 10%. The contract is signed in front of a notary (in Spain you have a notary help you with the legal paperwork). You can choose your mortgage provider, but the seller’s agent can usually steer you in the right direction if you don’t know any in the area.

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Increase your goal and shoot to become a Spain resident

In order to buy a property in Spain you need a NIE. This is a number assigned by the National Police to all foreigners that want to purchase property, or become Spanish residents. It can be difficult to obtain from overseas if you are not an EU resident and typically needs to be done with the Spain police, in person. EU partners are able to do it easier and more quickly. Just think, if you were already a resident it would be so much easier! If you’re waiting until you purchase your dream home there to become a resident then you should know Spain offers an awesome program that if you purchase property that is $500k worth in Euros, you can become eligible for your resident visa! How awesome to buy a home you love in a beautiful country while all becoming a resident of said country!

Best locations to live in Spain

Spain has some amazing cities to choose from, especially for retiring, but we all want to start retirement early, right? One of the top cities to live in is Barcelona (the second largest in Spain) known for its coastal, but historical views. You get to go to visit the beach and beautiful architecture all in one day, who could ask for anything more? Another great city to purchase in is Madrid. We visited Madrid while in Spain and it was absolutely beautiful! Madrid is the capital of Spain and known for its friendly locals and multicultural views. Malaga is another city that is absolutely breathtaking and would be a wonderful place to purchase a property and become a resident of Spain. It is on the southern coast of Spain with views of the glittering Mediterranean Sea. Its full of Spanish culture and a must see, even if only for a visit.

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Malaga, Spain

We can’t wait to start referring you guys and make your dream of owning in Spain a reality! If you are interested in knowing more please fill out the form below or contact Angie at 949-338-7408.

 

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How foreigners can buy property in Spain

Posted on June 8, 2018. Filed under: Buying in Spain, First Time Buyer help, International Properties, Lenders & Loan info | Tags: , , , , , |

Travel much? So many of our client’s do, which is why I recently got my CIPS designation. Having international connections with real estate agents around the world is important so our team can make sure you’re real estate needs get served…literally everywhere! I recently had the pleasure of attending the SIMA convention in Madrid and had a chance to network while learning all about the process of buying and selling in Spain.

Fun fact: Spain is in the top 3 countries where foreigners make purchases. Not surprising, because it’s beautiful. We’ll save that for a different post 😉

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The process of buying a property in Spain

First things first, financing. It does not make sense to begin your search until you know how much you are comfortable spending. Of course, cash is easiest. But this is a post for normal people, not cash cows…

Options for financing foreign property

So… you have a couple options. HELOC is a great one if you have more than 30% equity in your current home. Every time I mention the acronym HELOC (Home Equity Line of Credit) I feel it necessary to remind you to ONLY do this for appreciating assets. Do not use your HELOC for cars, boats, or babes. Only to buy more property. ONLY.

If HELOC is not an option for you, foreign financing is also currently available in Spain. Here’s a quick video we recorded with Lola from B. S. Bank in Madrid:

Current interest rates may actually be better than your HELOC, so it’s something to consider!

 

Finding your home in Spain

Like most countries, first steps are determining an area for your new home or vacation rental, and then selecting a buyer’s agent. Make sure to consider all the factors when determining your area. Here’s just a few to think about:

  • Proximity to airport
  • Walkable to restaurants
  • Local tourist attractions & festivals
  • Amount the property could rent for, both nightly & monthly
  • Noise levels (planes, trains, bars, church bells)
  • Crime statistics
  • Parking accommodations
  • If you’re vacation renting, does the area embrace that?

 

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Once you’ve got an area in mind, it’s time to get connected with a Realtor who works that region. Just like I mentioned in our post about how to buy property in Costa Rica… a quality agent is crucial in these countries where they don’t offer a Multiple Listing Service or a centralized listing database. We never recommend DIY buying, especially in a foreign land. You need someone who will actually go scout for you and someone who gets along with the other agents in the area so your chances of obtaining your favorite property are higher.

It’s always our pleasure to interview and pair people with quality agents. Please fill out the form below if you would like to find an English-speaking match in your desired area of Spain.

If you’re still nervous about buying overseas, or have any questions about getting started on the process, we would be happy to help. Contact Angie at 949-338-7408!

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    Orange County, CA Real Estate for hip first-time buyers and investors. Plus, fun things to know and do in OC.

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