Once we have helped you find your ideal property or building plot, you will be asked to pay a €6,000 deposit to reserve the property for you whilst the paperwork is being checked. The deposit is held by the agent or solicitor and is always refundable if there are legality issues which cannot be resolved at or before the time of purchase. However, should you pull out of the deal for any other reason, your deposit is forfeited under Spanish law
Once the paperwork has been checked and you have been given the green light to go ahead by your solicitor, we move to the Compra-Venta (Purchase Contract)
The contract will be drawn up by our legal representative, and will show details of the property, the agreed price and a proposed completion date. The reservation deposit is increased to 10% of the purchase price and once you sign the contract and pay the balance of the deposit, the contract is legally binding for all parties. The deposit is paid to the seller.
On completion day, the sale is completed in front of a Notary and the balance of the purchase price is paid. If you pull out of the deal after signing the Compra-Venta and before the sale completes, your deposit is forfeited as allowed for by Spanish law