Once we have identified a property to suit your requirements, securing your investment is a straightforward, hassle-free process which your appointed lawyer will instigate on your instructions.
Reservation Fee
To secure your property and remove it from the market an Offer and Reservation form will be completed with the your details, the property details, the agreed date for the Private Purchase Contract to be signed, the anticipated completion date and confirmation that the required reservation fee has been paid. The reservation fee can either be paid directly on the day to the owner's agency or alternatively the fee can be paid to your lawyer who will confirm, on your behalf, to the owner's agency that the fees are being held against the property.
The required reservation fees are usually 3,000 or 6,000 euros
Private Purchase Contract
The signing of this contract ensures that both the buyer and the seller are legally bound to complete the sale. Within 14 days of paying the initial reservation fee, the remaining balance of the deposit will be required to be deposited with your lawyer.
Deposits can range from 10% upwards of the property purchase price. During this time your lawyer will be undertaking all of the due diligence required to ensure the property is unencumbered and able to be sold to you.
A date for completion will be confirmed and entered into the Contract.
Completion
The completion of any property sold in Spain requires you to attend the Notary with your lawyer and appropriate agencies to legally pass the property title and the keys to you.
We are with you at every step of the way to ensure the process is simple, efficient and effective.
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