Auction Assignments: The Most Dangerous (and Profitable) Shortcut to Real Estate Auctions
2 min
What is an auction assignment, who can do it, its critical deadlines and frequent errors. The most delicate mechanism of real estate auctions.
Our Blog
How to maximize the profitability of your luxury home with the luxury regime
3 min
Homes of more than 300 m² or high rents have a special rental regime. We explain how to take advantage of it to maximize profitability and protect your investment.
Registration Range of an Assigned Mortgage
3 min
If you are going to buy a house at judicial auction, understanding how the registry rank of the assigned mortgage works can save you thousands of euros and a lot of headaches. It is a fundamental detail as it determines which charges are cancelled and which could remain in force after the adjudication. Here we explain what the law says, what mistakes courts and registrars make, and how to protect yourself before bidding.
Change of Use from Premises to Dwelling: What You Need to Know
3 min
The booming real estate market on the Costa del Sol has led many owners and investors to consider converting commercial premises into residential properties. However, this process is more complex than it seems and requires a specialized team to ensure that everything is done legally and efficiently. At Valido Home, we take care of managing the entire procedure so that you can transform your premises into a home with complete peace of mind.
Hidden defects: Requirements to be able to make a claim
2 min
Do you know what the biggest problem is when buying a second-hand home? Not what you see, but what you don't see. Hidden defects are those little time bombs waiting to explode... and guess what: proving it in front of a judge is not that easy. You need to meet certain requirements (and convince the judge) that the problem was invisible, serious, and was already there when you bought it.
Buying bank-owned homes: What are my options?
5 min
Buying bank-owned homes is an attractive option for those looking for affordable real estate opportunities. However, there are several options, and not all of them are suitable for everyone. In this post we show you the 5 most common modalities, for what type of buyer each of them would be and what risks they entail. From the most opportunistic, for qualified investors, to the most common options (where there is hardly any difference with the market price).
Home inspection before buying: Is it worth it?
5 min
Would you gamble your savings in the red at the casino? So, why are you thinking of buying a house without hiring a professional technical inspection? An inspection of the house you are going to buy can save your life (financially speaking). Foreigners have it clear: they never advance money without first having a qualified technician carry out a technical inspection of the property in question. If you are about to buy a house and you want to know if you should hire a home inspection, this post will answer your questions.
Don't do this if you want to survive an Auction Assignment.
2 min
The assignment of auctions is a powerful and little known tool in the legal and real estate world. It is a procedural figure that allows the original successful bidder of an auction, usually a creditor, to transfer his rights over the auctioned property to a third party. This third party, called assignee, becomes for all legal purposes the new successful bidder, with the same rights and obligations as the original successful bidder.
BOE Housing Auctions: How do they work?
6 min
Electronic judicial auctions have transformed the auction market in Spain since their implementation in 2015, allowing anyone, from home, to participate in the purchase of real estate and other assets auctioned by the courts. This now digital process has simplified and democratized access, eliminating geographical barriers and improving transparency.
Auction Assignment Risks
3 min
Acquiring a property through an auction assignment may seem like an excellent opportunity due to the possibility of obtaining properties at prices below their real market value (although this is not always the case, beware!). However, this acquisition entails significant risks that must be considered in order to avoid legal and financial complications. In fact, the risks are exactly the same as if we had gone to the auction in question and won it. The following are the main risks that we assume with the auction assignment.
Hidden Vices: What are my options?
5 min
When a buyer encounters hidden defects in a purchased good, he has several legal options to claim his rights and seek a solution. The following are the main actions that he can take: the redhibitory action, the "quanti minoris" action and the reorganization. These actions are supported by the regulations in force and offer different solutions depending on the seriousness and nature of the hidden defects.
16.000€ after claiming for Hidden Defects
4 min
He bought a second-hand villa house and, after settling in it, discovered a series of problems in the electrical installation and in the solar thermal installation. The proof of hidden defects that are considered serious. Find out how this series of unforeseen events was dealt with.