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The biggest one involves relying on the seller's lawyer. The developer gets a commission only if the sale goes through, which is a different interest than acting tenerife real estate for sale you. Separate legal representation costs a modest share of the price and is money well spent.

Signing documents you cannot read comes a close second. An official translation costs little next to the sum being committed. Promises made in conversation mean nothing if the written contract says otherwise — the contract is what counts.

Purchasing off-plan on trust has ruined many budgets. Ahead of a deposit, examine the developer's completed projects, the construction licences, and whether payments are held in escrow. Projects running behind schedule are normal even in good markets; stalled projects are the exception but genuinely ruinous.

Ignoring the exit is a subtler error. Any property has to be sold or passed on at some point, and the next buyer determines the price. A home with no local demand sells slowly when sentiment turns.

Finally, many buyers fail to plan sintra homes for sale the running costs. Local tax returns are often required even in years with no rental income, and overlooked notices attract charges nobody warns you about. Putting in place a local tax adviser from the first year avoids most of it.