legal advice & lifestyle
Congratulations, you are just one step away from buying your dream home in Ibiza! But while you can now breathe a sigh of relief, just remember that there’s no deal done until everyone signs the dotted line.
Make sure to check these useful tips to avoid the most popular closing mistakes when buying a home in Ibiza.
When you buy a house in Ibiza, it isn’t just a matter of paying the selling price and then the mortgage payment. There are also maintenance costs, utilities (which will likely cost more) and property taxes that you should take into consideration. In a previous post, we look at the real cost related to buying a property in Ibiza.
The balance between your monthly income and monthly debts is one of the main factors that your lender will take into consideration when qualifying you. Your lender will probably run your financials two or three more times before closing. While it’s tempting, don’t take out any other big loan until after closing. Keep in mind that the bank looks at lease payments like any other debt payment which may affect your position negatively!
Stability is key if you want to get a mortgage. Switching jobs right before closing can make your lender anxious, and you want to give them every reason to feel confident. Most lenders prefer to have a two-year job history in hand, so making a big career move could slow things down, or squash the deal entirely.
Even if you are going through a tough time and life’s hectic, make sure to keep up with your payments. Late payments can affect that all-important credit score and affect negatively your position.
Wondering what else is involved in the final stretches of a home purchase? GHL is happy to answer all your questions. Get in contact now.
This is what we might call a 21st century version of the printed catalogue that we can find in any real-estate. The idea behind is the deeply-rooted eco thinking of Gould, Heinz & Lang. We are keen on reducing footprint and thus invest in alternative options and embrace the digital world!
The App features our client’s luxury villas and is available from all of the various App stores, in all formats and is downloadable free from all platforms and for any device.
Both our offices are located right in the heart of the island, in Santa Eulalia and San Juan. Our prime locations provide easy access to all our customers. We are always happy about your visit and we would like to introduce you to our portfolio.
GOULD HEINZ & LANG – Paseo s’Alamera 11
07840 Santa Eulalia, Ibiza, Spain
+34 971 339 305
GOULD HEINZ & LANG – Plaza Major
Sant Juan, Ibiza, Spain