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Anyone bought offplan

Anyone bought offplan

Old Mar 16th 2007, 1:44 pm
  #16  
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Default Re: Anyone bought offplan

Originally Posted by keithwalters View Post
Just the usual - seller won´t drop the price AT ALL, wants black money from us but we don´t want to pay. Where we are the BUYER has to pay the estate agents commission as well as the seller. So an extra cost to factor in to the buying process. The estate agent doesn´t return our calls and it seems she couldn´t care less whether she makes the sale or not. Ho hum.

People may moan about the off-plan purchases, but in my experience it was a hell of a lot easier.
Normally the seller pays the commission to the estate agent for his involvement in the sale. This commission is normally built into the selling price. The buyer does not pay commission to anyone.
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Old Mar 16th 2007, 2:49 pm
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Default Re: Anyone bought offplan

Originally Posted by sunnysenorita View Post
Normally the seller pays the commission to the estate agent for his involvement in the sale. This commission is normally built into the selling price. The buyer does not pay commission to anyone.
Bought resale in 2004 - from initial viewing to completion in four days. No problema whatsoever. However, Spanish vendor would not drop price - also expected black money.
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Old Mar 16th 2007, 5:40 pm
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Default Re: Anyone bought offplan

Originally Posted by scampicat View Post
Bought resale in 2004 - from initial viewing to completion in four days. No problema whatsoever. However, Spanish vendor would not drop price - also expected black money.
Viewing to completion in four days Wow We are buying off-plan and from viewing to completion - three years (and still not completed)
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Old Mar 16th 2007, 5:59 pm
  #19  
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Default Re: Anyone bought offplan

Originally Posted by scampicat View Post
Bought resale in 2004 - from initial viewing to completion in four days. No problema whatsoever. However, Spanish vendor would not drop price - also expected black money.
Hi did you end up paying the black money ?
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Old Mar 16th 2007, 10:04 pm
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Default Re: Anyone bought offplan

Originally Posted by Lionda View Post
Viewing to completion in four days Wow We are buying off-plan and from viewing to completion - three years (and still not completed)
3 years ?? You serious
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Old Mar 16th 2007, 10:47 pm
  #21  
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Default Re: Anyone bought offplan

We bought offplan from a well respected builder. Property was ready early. We had a few snagging jobs which they did. We had a few niggles with them regarding a couple of things but on the whole they have been quite good and probably the best we are going to get over there.

They provided me with a copy of the building licence fairly early on after I requested it plus a copy of the land registry entry to prove they owned the land debt-free and also provided us with pictures every few months of progress on their website.
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Old Mar 17th 2007, 12:25 am
  #22  
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Default Re: Anyone bought offplan

Originally Posted by Big Pete View Post
3 years ?? You serious
Yes, 'fraid so Viewed the development in May 2004 and picked a plot. The property should have been ready in September 2005, we were happy with that. Went out to view the property in September to find that the foundations hadn't even been dug! After talks with our agents and the builder we decided to switch to another property on the development which was already built - well the shell was built but at least it was further on than the other one. Promised it would be ready for the following year, completion date October 2006. We are still waiting for completion!
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Old Mar 17th 2007, 1:14 am
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Default Re: Anyone bought offplan

Originally Posted by Lionda View Post
Yes, 'fraid so Viewed the development in May 2004 and picked a plot. The property should have been ready in September 2005, we were happy with that. Went out to view the property in September to find that the foundations hadn't even been dug! After talks with our agents and the builder we decided to switch to another property on the development which was already built - well the shell was built but at least it was further on than the other one. Promised it would be ready for the following year, completion date October 2006. We are still waiting for completion!
Flippin heck i would of gone mad at them .. Still worth waitting for in the end
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Old Mar 17th 2007, 2:43 am
  #24  
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Default Re: Anyone bought offplan

Originally Posted by jandy44 View Post
Hi did you end up paying the black money ?
Put it this way: 'I do not know anyone who has bought wirh black money and would not say so if I did' :

Last edited by scampicat; Mar 17th 2007 at 3:01 am.
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Old Mar 17th 2007, 2:55 am
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Default Re: Anyone bought offplan

[QUOTE=keithwalters;4521424]Just the usual - seller won´t drop the price AT ALL, wants black money from us but we don´t want to pay.
QUOTE]

In some areas, you will not be able to buy at all unless you pay the black money.
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Old Mar 17th 2007, 9:02 am
  #26  
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Default Re: Anyone bought offplan

Originally Posted by Big Pete View Post
Flippin heck i would of gone mad at them .. Still worth waitting for in the end
We've been talking about this yesterday again and decided that it will be worth waiting for - we just wish the waiting was over. As you can see from the picture, it's all but ready to move into!
Attached Thumbnails Anyone bought offplan-img_8231.jpg  
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Old Mar 17th 2007, 10:03 am
  #27  
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Default Re: Anyone bought offplan

That's a really nice looking house Lionda. But surely there was a clause in the initial contract stating that the Developer would be penalised if they were late with delivery - as you would've no doubt been penalised for late payments?
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Old Mar 17th 2007, 10:11 am
  #28  
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Default Re: Anyone bought offplan

Originally Posted by Lionda View Post
We've been talking about this yesterday again and decided that it will be worth waiting for - we just wish the waiting was over. As you can see from the picture, it's all but ready to move into!
Oh it looks really nice,I bet you cant wait after all the problems you have had,I would be really excited at the prospect of moving in now.Are you moving over permanatley ? keep smiling it wont be long now
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Old Mar 17th 2007, 10:16 am
  #29  
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Default Re: Anyone bought offplan

[QUOTE=scampicat;4527458]
Originally Posted by keithwalters View Post
Just the usual - seller won´t drop the price AT ALL, wants black money from us but we don´t want to pay.
QUOTE]

In some areas, you will not be able to buy at all unless you pay the black money.

Yeah, we realise that. Not happy about it but what can you do? I´m not sure what narks me more - having to pay black money or having to pay the estate agents fees as a BUYER! Unfortunately that is how all the agents work here so there is no avoiding it. Most charge 2.5% each to the buyer and seller, but we have found one that charges 1.5% each.
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Old Mar 17th 2007, 10:21 am
  #30  
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Default Re: Anyone bought offplan

Could you expect to be asked to pay black money if you were buying off-plan or is this normally only ever on re-sale properties?
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