New or Resale?

[Big Pete]

Originally Posted by WizzyWaz

I couldn't agree more but it's the other half I have to convince

But then I always get my own way

Richie

So you should Richie lol


I have never understood anyone buying offplan even before the recession . to risky in my book ..

They buy after being shown a full top spec showhome with a artists drawing of some sexy scantily lady playing tennis by the pool which is always only 1/4 full of people , with a backdrop of open land with picturesque scenery as a backdrop , looks like paradise Then when they got your deposit the ground work starts and then you pay for them to buy the materials for them to build it
You then spend the next year scared to death and praying the builder doesnt rip you off and that if it is finished !!! its built properly , eventually just when you get to the final payments you find that the pool isnt quite so good and suddenly that nice view and open land has another build block put right in front not quite as the drawing

Then to cap it all with your nerves and stress level about to pop from all the praying and worrying if the builder is gonna stay in business long enough to complete your dream house , you cant live there as it shouldnt have been built in the first instance . To then be left with ongoing hassles with electric supply as it appears that all the builder has done is poke some wires into the neighbours supply who inturn had his wires poked into some builders generator Then to spend time and legal fees to sort it all out and then put up with a further year of builders working on the roads and street lights and all the other houses they sold in phases 2 and 3 ..

Mugs game if you ask me
Buy one thats built for christ sake heck so you have a secondhand cooker and the floor colour isnt what you had chose but heck you keep your nerves and sanity intact and you know what your paying for

[WizzyWaz]

Hi big Pete

I have printed your last post off and slapped it on my wifes forehead so when she wakes up in the morning she will understand where I am coming from

Couldn't of put it better myself Old Chum

take care
Richie

[Big Pete]

Originally Posted by WizzyWaz

Hi big Pete

I have printed your last post off and slapped it on my wifes forehead so when she wakes up in the morning she will understand where I am coming from

Couldn't of put it better myself Old Chum

take care
Richie

no probs glad to help

[S&MJP]

Hello Richie,
I'm with Big Pete on this one for various reasons. The main one is that with a resell you have a very good chance of getting the Title Deeds on completion. With off plan there are people here who have been waiting for ten years and longer, but have still not got their Title Deeds. This is a very important consideration. The other reason for buying a resell is that, much as with a second hand car, the things that go wrong have usually gone wrong and been fixed! but be careful. Above all get a good lawyer.
By the way I bought a resell!!
Regards Michael.

[WizzyWaz]

Hi Michael

Thanks for your reply I am convinced about resale just like in this country so many things can go wrong with new builds.

I have a mate who brought a house that was not cheep and he had so many problems it was unreal.

as for the lawyer side i will have to shop around so carefully as that is one of the most important things to get right....without a good one you might as well not bother.

already booked our holidays this year but next year will come over just to look at location rather than house looking.

Once again Michael thanks for replying

Take Care
Richie

[Veronica]

I absolutely agree with everything that has been said regarding resale properties being the best investement.
We sell properties and find that we sell more resales than off plan although we have far more off plan on our books.
You see exactly what you are getting for your money.
Also it is a buyers market and many vendors are willing to take an offer below the asking price.
In the present economic climate many older expats who now wish to return to the UK to be close to their families in their twighlight years are finding that with the exchange rate as it is right now they can get more for their money in the UK than they could a year so it is much easier to persuade them to drop their price.

[Big Pete]

Originally Posted by Veronica Kneeshaw

I absolutely agree with everything that has been said regarding resale properties being the best investement.
We sell properties and find that we sell more resales than off plan although we have far more off plan on our books.
You see exactly what you are getting for your money.
Also it is a buyers market and many vendors are willing to take an offer below the asking price.
In the present economic climate many older expats who now wish to return to the UK to be close to their families in their twighlight years are finding that with the exchange rate as it is right now they can get more for their money in the UK than they could a year so it is much easier to persuade them to drop their price.

and this is a lady who sells both .. so she knows what shes saying

lets also be honest would you trust a builder to be in business in 12 months time the way the building property game is ..

i know in mallorca i have seen loads and loads of building sites just laying dormant with nothing going on .. so any poor innocent purchaser of the first few is going to be waitting a long time to get the home with the scantily clad lady playing tennis with that picturesque view that he paid his deposit on !! right

[WizzyWaz]

Originally Posted by Big Pete

and this is a lady who sells both .. so she knows what shes saying

lets also be honest would you trust a builder to be in business in 12 months time the way the building property game is ..

i know in mallorca i have seen loads and loads of building sites just laying dormant with nothing going on .. so any poor innocent purchaser of the first few is going to be waitting a long time to get the home with the scantily clad lady playing tennis with that picturesque view that he paid his deposit on !! right

This Scantily clad lady playing tennis with a picturesque view

I aways find that these holiday brochures seem to do the same sort of photos for their hotels...I then spend days at the pool side looking for these scantily clad ladies without any luck...... and for my efforts getting the odd clip round my head from her who must be obeyed

[S&MJP]

Richie, if and when you come out, then get yourself down to Nissi beach or Ayia Napa and ENJOY! I'm too old for that sort of thing myself.
Regards Michael.

[WizzyWaz]

Been once got Banned by her (only joking) Nissi beach is nice but not my scene anymore more the lulworth cove boy now lol

Take Care
Richie