Buying a property from a bank in Spain that seems cheap but is it worth the effort is the question?

Looking for a property from a bank or investment company can be beneficial as they are often offered at lower prices than regular properties on the market. However, there are some drawbacks to it. An important reason why we do not directly recommend buying a home from a bank or investment company is because there is often less information available about the home and its history. There may be hidden defects or problems with the registration of the title deeds, which can make the purchase process cumbersome.

In addition, the process of buying a property from a bank or investment company can be more complicated than with regular properties, as additional documentation is often required and more time is needed to complete the sales process. This can lead to delays and uncertainty for the buyer.

Finally, banks and investment companies are sometimes very strict in their terms of sale and may, for example, ask questions about the origin of your funds, as you mentioned. This can be annoying for some buyers, especially if they have not taken this into account.

That is why we advise our clients to be well informed about the advantages and disadvantages of buying a home from a bank or investment company before making a decision. We also always recommend that you engage an independent lawyer or civil-law notary to supervise the purchase process and to ensure that all legal aspects are properly arranged.