INSPIRE Real Estate Corner: Problems with Spanish Banks When Buying a Property in Spain
Sponsored by Inspire Property Experts.
If you’re an expat looking to purchase property in Spain, you may not realize that there can be many unexpected hurdles along the way when dealing with Spanish banks. This being the case, you might be wondering if you need to set up a Spanish bank account at all. Absolutely, if you want to buy real estate in Spain there’s no way around it. (Learn more about when in the buying process you’ll need to set one up in the video Setting up a Spanish Bank Account.)
Many expats complain that dealing with Spanish banks can be challenging because they find banks often request the same information and documents multiple times, they are non-responsive or they reply very late and then when they do reply they do so with incomplete answers to questions asked. As a buyer on a fixed timeline, this can be maddening. Once you have committed to the seller you don't want to breach the contract and end up losing money because the bank is late. How can you prevent this from happening?
Check out the video above from real estate expert Raf Jacobs; he addresses the many problems that can occur with Spanish banks during the purchasing process and offers tips on how you can mitigate the risks to make the buying process less stressful.
The buyer’s agents at Inspire Property Experts help buyers and investors purchase property in Spain. They make sure that you:
- Buy the right property,
- With the best possible conditions,
- With no surprises.
For more about the process involved in purchasing your dream home in Spain, check out Raf’s video INSPIRE Real Estate Corner: What Is a Spanish NIE?
Free offer: if you want Raf’s opinion and recommendations specific to your situation, contact him at raf@inspireapartments.com. The first 20-minute consultation is free!
You can learn more about how INSPIRE Property Experts can help you find your dream home on the website at inspirepropertyexpertsspain.com and you can follow on social media for the latest updates on Twitter @INSPIREexperts, Facebook @inspirepropertyexperts, Instagram @inspirepropertyexperts, LinkedIn and YouTube.
Sponsored by Inspire Property Experts.
