Buying a Property
Our dedicated team is here to help you find your ideal property and be there to guide you every step of the way.
Once you have chosen the property you wish to purchase the first stage is to sign the Reservation Contract, this simply states the terms and conditions and would include:
- Property Address
- Full details of the buyer and vendor
- Purchase price
- Date to sign private purchase contract
- Deposit details
Should you use a Lawyer?
It is strongly recommended that you choose a lawyer who is specialised in Spanish land law but it is not mandatory. We can recommend lawyers who can deal with all the legal aspects.
Deposit and Private Purchase Agreement
A 5000 euro deposit is required to secure the property whilst your lawyer conducts the due diligence, this is fully refunded if in the event your lawyer discovers any legal anomaly to the said property. When the lawyer has completed the due diligence and you are happy to proceed then deposit will go towards the 10% of the purchase price and the private purchase agreement will be prepared and signed. This is a legal document and will contain:
- The full details, size and address of the property
- Referencia Catastral number (legal registration number of the property)
- Details of the buyer and vendor
- The agreed terms and conditions
- Completion date
A number of taxes, notary and legal fees are charged when purchasing a property and the cost varies but they are approximately 10% of the purchase price.
Please contact us directly for any further assistance on buying a property.