When dealing with Tenerife estate agents, always remember that there are no authorised regulatory bodies governing this sector and neither are there any qualifications. Anyone can walk off the street and claim to be an estate agent so would you trust someone off the street with your money?
Many of them were at one time or other involved in timeshares, sales and similar vocations and judging by where these industries are now, sums up why many of them should be avoided at all cost.
Estate agents in Tenerife have had much time to fine tune their trade and newcomers on the island who are unaware most often end up being misled and ripped off.
Many will convince you to take on their legal service and save you the money for a registered lawyer.
They may offer you a mortgage deal that is "unbeatable" for that property you really like but to secure it, you'll need to pay a deposit quickly.
Whatever you do, DON'T DO IT !
They'll try to win you over by showing you awards they have and reviews from friends and friends of friends who kindly pretend to be previous clients and write reviews on their website and on Google.
Ask any Tenerife estate agent or mortgage broker and they will tell you that their advice is both "impartial" and "independent", eventhough they work with and for each other.
You should never be pressured into anything by estate agents in Tenerife.
It's better to lose the property you wanted than losing all your money.
Most people discover their folly after the money has been paid and papers are signed.
Just walk away if you feel you're being pressured into making a decision, there are many other properties for sale.
Never hand over money to any agent; that job is for your lawyer to take care of.
Take your time and do your research properly before considering a purchase.
One thing you should always remember is that Tenerife estate agents like all others, work on commission and will sell you anything and everything to increase the sale value.
Whatever you decide and whomever you deal with, it's imperative that you get correct independent and impartial legal advice from a registered lawyer.