Tag Archive Property

About Property for Sale in Tenerife

There are several factors to consider when searching for property for sale. One of the most important factors is location. The area in which a property is located affects the economics of the property. Residential property can include single-family homes, townhouses, condos, and cooperatives. In addition to homes, commercial property includes business and industrial space. For example, a business might want to locate in an area where there are a high number of people. Our website provides info on property for sale in Tenerife

Surplus properties are sold on an “as is” basis. Prospective buyers should research the property’s condition before making an offer. If a parcel has been used for transportation purposes, it may only be sold to the landowner immediately abutting it. In these cases, the sale price will be lower than the appraised value.
Non-specific items need to be disclosed if they affect the enjoyment of the property. Pest problems, property line disputes, and any history of major construction projects are all important details. Any noises coming from a nearby factory or military base must also be disclosed. Recent deaths on the property should be disclosed as well. So, before you purchase a property, make sure it meets your criteria and expectations. It’s worth the extra effort. However, if you can’t pay the home owner to fix its problems, move on to another home.
Generally, buyers attend open houses or make an appointment for private showings. This way, they can walk through the property and ask more specific questions. Ideally, buyers must be pre-approved for a mortgage loan before searching for a home. Lastly, buyers should be prepared to put an offer on the spot if they feel they are interested in the property. In today’s competitive housing market, buyers must be ready to move in and make the deal.
If the property for sale is owned by a mortgage company, then it’s most likely a conventional sale. However, there are some instances where the home is under contract. If the original homeowner had a living trust, they placed their assets in the trust. As a result, the trustee of a living trust would not be emotionally attached to the property as they might have been. In these instances, the trustee may be more interested in selling the property rather than keeping it.
In addition to these issues, sellers should disclose known housing defects to potential buyers. If the seller fails to disclose such information, the buyer may not decide to purchase the property. However, in the state, sellers must disclose any known housing defects in the listing. Whether these defects affect the property’s structural integrity is another matter. The seller should disclose any known health problems, such as a history of mold or termites. If there are significant damages to the walls, roof, or other structural components, the seller should disclose these problems to the buyer. In addition, he or she must provide information regarding mechanical systems, such as water source, sewerage, flooding, and plumbing.


Tenerife Estate Agents
C. Hermano Pedro de Bethencourt, 12, local 2, Cerromar, 38650 Los Cristianos, Santa Cruz de Tenerife, Spain
671 11 40 13