2018 Christmas time in Sotogrande
Vendors are sometimes in a hurry to sell their property before year end and this makes the negotiations easier. In addition, the festive atmosphere leads to accepting “low offers”. Take advantage of that and try to close the purchase of your new home as soon as possible.
Consider the fiscal aspects of the year-end. Analyze your and your family’s tax situation well, and think about how the purchase of a new home affects your income statement and how the result varies if you buy at the end of the year or at the beginning of the next.
The market slows down for a few weeks and this means, that the sellers who are in urgent need to sell become nervous and consider lower offers of their property, and possibly with the new year, rise again.
Visit those homes that are price reduced and propose your price conditioned upon signing the contract before the end of the year.
You may have a few days of vacations from your work and dedicate this time to look at the properties in your most favourite location. Use the vacation as well to visit banks, and maybe a tax consultant or solicitor to learn more about a possible purchase of a property in Spain.
Even banks are sometimes keener to provide a mortgage towards year end, if they haven’t yet met their yearly goals, and will be in a hurry to sign your mortgage before the end of the year. You may get unbeatable conditions!
Therefore, if you have an option, visit several banks and keep the best offer.
Now you are in a position to put on your comfortable shoes, and contact Noll & Partners to help you finding the property where you want to wake up the next year.
Finally, enjoy. Christmas is a magical period in the year and buying a home is one of the most beautiful moments in life.
If you do not find it this year, we, Noll & Partners will be there for you also in 2019.
