Private Property For Sale in the Canary Islands

When you buy a property in Spain or own assets in the country, you should seriously consider drawing up a Spanish will. While you are not legally obliged to do so, this will save your heirs a lot of time, headaches and even money, dealing with the additional legal problems that arise when someone dies intestate.

A Spaniard is obliged to leave two thirds of his or her assets to the surviving children. On the other hand, as a foreigner owning property in Spain, you have a right to dispose of your property upon your death in the manner you choose, in accordance with the law in your own country. However, to do this, you will have to have a valid Spanish will. Otherwise, your assets will be disposed of according to the Spanish laws of succession.

Drawing up a Spanish will is a straightforward and relatively inexpensive process done before a Spanish notary, according to the advice of your lawyer, who will assess your specific situation.  Keep in mind that your last will automatically supersedes all previous ones, which are rendered legally null and void.

Whether you choose to have an Open Spanish Will (the most common type where the contents of the will are public), a Closed Will or any other type, your will is registered with the Central Registry of Spanish Wills (Registro Central de Última Voluntad) and is given a certification number. Heirs who are unsure if a Spanish will exists at all, can find out by enquiring with this Registry after 15 days have elapsed from the testator’s death. If a will exists, they will be provided with the certification number, together with the name of the notary who drew up the will and from whom they can obtain a legal copy.

You will find more information on Spanish wills here and a more in-depth discussion of the inheritance laws in Spain and the process of making and executing a Spanish will in this very informative Legal Guide to Spanish wills.

This monthly property magazine, in English and Spanish, has a fabulous selection of property for sale throughout the Canary Islands.

John and Rosalyn have been running this property magazine for over seven years and it is one of the most established property magazines available on the market.  If you are thinking of buying property in the Canary Islands then you would do well to look for property and Estate Agents in this well documented and widely distributed property magazine.

Contact John or Rosalyn:

By Telephone or Fax:
(0034) 922 724 169

info@casa-post.com

If you are selling your property in the Canary Islands, there is one thought that has surely crossed your mind. Why should you pay expensive commissions of up to 5% or more to a real estate agency for what is basically a bit of advertising and a few afternoons of bringing people over? Until recently, the answer has been simply because you had little other choice if you wanted to get the word out effectively and sell your property in a timely manner.

But things have changed! Today, more and more property hunters search the Internet even before visiting an estate agent’s office and with the availability of private property sales websites, the ‘For Sale by Owner’ property market is booming.

Now you can advertise your property for sale online and for FREE (complete with photos and all). The website www.buyprivateproperty.com specialises in Canary Islands property and gives you the opportunity to promote your property absolutely FREE of charge to thousands of people from all over the world even before they actually set foot on the Canary Islands!

It is a fact that, thanks to the Internet, the real estate playing field has been levelled and real estate agents no longer hold the monopoly when it comes to effectively reaching the masses of property hunters out there. Successfully selling your property on the ‘For Sale by Owner’ market has never been easier!

Besides FREE advertising, on www.buyprivateproperty.com, you will also find a range of information and resources that will be most useful as you sell your property privately in the Canary Islands. Be sure to check out the 9-Step Guide to Selling Property Privately to get a good general understanding of the property sales process in the Canary Islands, as well as the Seller’s Legal Q&A other articles on the different aspects of going the ‘For Sale by Owner’ route.

On www.buyprivateproperty.com you will find all that and much, much more, including contact details of recommended Lawyers, Banks, Foreign Exchange brokers and everything you need to Sell your property privately in the Canary Islands.