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Urgent Advice and Precautions

From

Euro Business Consultants

To: Clients Viewing Properties In Spain

The following advice is intended for your protection and to ensure that you have "Peace of Mind" whilst you are viewing properties prior to, during or after a purchase.

People who purchase Bars, Businesses etc in Spain through Agents who are resident in Spain have little or no protection whatsoever and virtually no comeback if things go wrong. Many Agents care only about their commission and not you or your family, despite the impression they may give.

Some Agents do not care what business you purchase and will tell you anything to get you to part with your hard earned money. When things get tough or go terribly wrong, some Agents are nowhere to be found. If you had to take action against an unscrupulous Agent in Spain then, you would find it very difficult and expensive.

Some purchasers, with the best of intentions, try to "Go It Alone" hoping to save a bit of money but invariably get caught and lose their investment. You would not purchase a property in the UK without proper advice so why do it in Spain. Be very, very cautious if replying to small adds you see in the Local Free English language newspapers whilst you are in Spain. Ensure that anyone you are dealing with is licensed, has an A.P.I. number and is not just a privateer operating out of a car and a mobile phone, posing as the Owner of the property and often hiding behind and English speaking Spanish Lawyer.

We offer protection to our Clients, even if they are not viewing through us. We act as "Buyers Broker" for the Client, a system successfully used and accepted throughout the U.S.A. for many years and one we recommend you consider using if you are travelling out to view with us and/or any other Agents. If you travel out with us and wind up purchasing through another Agent and it all goes wrong, we could be held responsible for bringing you out in the first place. So we need to be on hand as your Broker to advise you against a purchase if we feel it is unsafe. We will be working for you for our nominal fee as your "Buyers Broker" ensuring that you get the purchase you want. If other Agents have nothing to hide then, they will not mind us being your "Buyers Broker" and should be pleased that we are advising you. We will often save you more than our nominal fee.

The Duties

A "Buyers Broker"

1) A "Buyers Broker" is retained by you to look after your interests and is normally a person who has particular experience in the Spanish Real Estate Market. A "Buyers Broker" will carry out many more tasks than an English Solicitor would.

2) He/She will locate properties/businesses/opportunities for you that meet your criteria.

3) He/She will negotiate on your behalf, the price, the contract and the conditions within it with any other Agents, Vendors or Lawyers.

4) He/She will advise you in respect of any property or purchase and use his/her best efforts to ensure that you are protected against any transaction that is felt would not be in your best interests or to your best advantage.

5) He/She will arrange Inspection Flights and accommodation for you and your party at the most reasonable cost and pass on any discounts offered to you.

6) Every effort is always made to ensure that the cost of the Inspection Flight and accommodation are refunded to you by the Vendor to purchasers of freeholds and indefinite leases (Max 2 people).

7) He/She will investigate and inspect any property under consideration and report back to you with the findings.

8) He/She will ensure you receive professional advice on all legalities in connection with running a business in Spain and that all of your paperwork is in order.

9) He/She will ensure that you become familiar with the area in which the business you choose is located.

10) He/She will be on hand to assist and advise you in the UK, when you are viewing in Spain and be available for further advice after you have taken over the business.

11) He/She will act as "Escrow Agent/Stakeholder" in the transaction and not release any funds to any other Agents/Vendors until such time as all conditions have been satisfied.

12) He/She will gladly notify any other Agent that He/She is retained as your "Buyers Broker"