In Spain, a large share of property transactions involve resale homes. They’re an attractive option due to price, location, and renovation potential.
However, it’s essential to understand both the advantages and the precautions you should take before signing.
Advantages of Buying a Resale Property
More Affordable Price
In most cases, the price of a resale home is lower than that of new builds in the same area, allowing you to buy in more established neighborhoods.
Established Location
Second-hand properties are typically found in areas with complete infrastructure and services — public transport, schools, shops, and healthcare centers.
Opportunity to Renovate
Buying resale gives you the chance to customize your home to match your taste and needs, creating a more personal space and even increasing its market value.
Immediate Availability
Unlike new developments, there’s no waiting period for construction to finish.
The property is ready to move into once the transaction is complete — and after any minor renovations you may wish to do.
Precautions Before Buying a Resale Property
Check the Legal Status
Request a Land Registry Extract (nota simple) to ensure the property is free of liens, mortgages, or legal issues.
Verify the Property’s Condition
It’s essential to inspect the installations, structure, and energy efficiency.
In older buildings, check whether it has passed the Building Technical Inspection (ITE).
Assess Additional Costs
Beyond the purchase price, consider community fees, any outstanding taxes (such as IBI), and potential special assessments.
Review Negotiation and Contracts
Make sure the deposit agreement (arras) includes all agreed conditions, and carefully review every clause before signing the final deed of sale at the notary.
How a Buyer’s Agent Can Help
A Buyer’s Agent takes care of reviewing all technical and legal aspects before you purchase, ensuring that the property meets your expectations and that there are no hidden surprises.
They also negotiate on your behalf to achieve the best possible price and conditions.
If you want to take this step with complete peace of mind, explore our Technical and Legal Verification service to learn how we can help you buy safely.
