Had full report back from cba today, who basically said not to sign until the contract had these things included.
1 Proof of title to the property ( proving that Fadesa own the land)
2 Full description of property and what is included eg fixtures and fittings in detail and quality of materials etc.
3 As a co-ownership is involved , where we jointly own ,say, common areas like gardens, swimming pool etc We should see what rules are stipulated before we sign. They should be supplied with contracts.
4 We should see a copy of planning permission approval.
5 If you are thinking of re-sale before completion you need provisions in the contract entitling you to assign your right to third parties without conditions.
6 A Quality chart should be prepared and agreed BEFORE signing contracts, if not yet available provisions should be made in contract enabling you to walk away and not suffer any penalties if you do not agree it at a later date.
7 The seller should introduce a special clause known as condition suspensives that allow you to break the contract, if conditions are not met without loosing any money paid
8 Contract must contain reference and state clearly that the appartment must be delivered to you by the seller free of all charges and debts and other encumbrances.
8 Bank guarantee needs to be in place and certificate be with you before signing.
9 Contract should state how the appartment will be delivered to you with regards to water electric and other services.
Basically we need to make sure everything we are expecting is written in the contract BEFORE we sign, once we have signed and committed ourselves it would be too late to get any thing in the final act.
HOPE THIS CHEERS EVERYONE UP !!
As you would expect, myself and my agent have been trying to contact Fadesa who suprisingly have gone quiet and unobtainable. Not returning calls etc. So I pressume just wait and see what they come back with!! It feels like they are not very keen to do business