Real Estate Due Diligence
Check Facts Before Buying.
Buying a property is a major investment — and it’s essential to fully understand what you’re purchasing before signing any agreements. Hidden fees, outstanding debts, or unresolved legal issues that could jeopardize your investment. If you’re from another country, this step is even more helpful because the legal system in Spain may be very different from what you’re used to. A property lawyer in Spain can help guide you through these legal steps.
Real Estate Due Diligence
Check Facts Before Buying
Buying a property is a major investment — and it’s essential to fully understand what you’re purchasing before signing any agreements. Hidden fees, outstanding debts, or unresolved legal issues that could jeopardize your investment. If you’re from another country, this step is even more helpful because the legal system in Spain may be very different from what you’re used to. A property lawyer in Spain can help guide you through these legal steps.
Key Areas to Investigate Before Buying Property in Spain.
Legal Ownership: Is Outstanding Fees or Taxes: Are there unpaid property taxes, utility bills, or community fees?
Tax Responsibilities: What taxes are you liable to pay upon purchase?
Total Cost of Ownership: What is the true cost, including purchase price, taxes, insurance, and ongoing maintenance?
Annual Property Taxes: What will you owe each year?
Home Insurance: What’s the expected cost of insuring the property?
A declaration of no outstanding leases
A receipt from the local authority
Proof of title ownership
Why Property Due Diligence Matters
Conducting professional due diligence offers major advantages. It ensures full transparency before committing to a purchase, helps avoid hidden costs or legal complications, and provides peace of mind knowing your investment is secure. It also offers leverage to renegotiate terms—or walk away—if issues are found.
While you could investigate some of this yourself through the Registro de la Propiedad (Property Registry), having experienced legal professionals handle it ensures no detail is missed. At Serviciosdextranjería, we are experts in real estate due diligence in Madrid. We know exactly what to look for and how to protect your interests so that you can invest with confidence and clarity.
Ready to move forward with peace of mind?