Buying Property in Spain "off plan" from an agent or developer ...

Want an extra closet in the master bedroom? Do you need shelves lower because of someone who's wheelchair bound? Maybe built-in entertainment centers are so important that you just can't live without them. Whatever your personal wants, you can indulge them by buying "off plan." This means simply that you're purchasing a house that hasn't yet been built.

In addition to having the chance to put in all the extras you want (or can afford) and making adjustments that will make your house exactly what you want, this option is sometimes simply less expensive. But there are some potential pitfalls and you need to take some steps to protect yourself and your investment.

One point is to be sure you're working with a reputable contractor and builder. If these guys don't have the appropriate licenses and permits, and if they're not able to meet deadlines, you may find yourself living in a tent while you pay additional fees to keep the work going. Take time to research the company you're trusting with this important task before you hand out any of your money.

Another point is property ownership. While it's going to be a great house, it's not going to do you any good if you don't own the property it sits on.

Even if you've got an awesome contractor, there are always things that can go wrong. Contractors all over the world have accidents, financial issues and other problems.

Find a good lawyer who can handle the purchase of your property and the contract for the building, just so that your interests are well protected.

One sales gimmick that many fall victim to is the "take a free tour" sales pitch. You're offered something free to take the tour, then pressured to make an instant decision and sign a contract on the spot. The best rule of thumb, according to most, is to avoid these for what they are - gimmicks. If you are considering one, don't be rushed. There's no deal that's so "hot" that you have to sign now or lose your opportunity forever. Take time to consider the deal, talk to an attorney and be sure that you're making a good decision.