1. Reservation
Deposit
2. Exchange
of the private purchase contract
3. Before
Completion
4. Completion
5. After
Completion
1. Reservation
Deposit
Once you've found your
ideal home you simply reserve the property with
a Reservation Deposit.
We will arrange for your lawyer to be present.
A deposit between €3000 - €6000 Euros is usually
sufficient.
The deposit is refundable if the vendors change
their mind but is not refundable if you cancel.
Paying the reservation deposit guarantees that
the property is taken off the market and is reserved
for you at the agreed fixed price.
If you haven't previously appointed a local lawyer,
we will be happy to arrange one with you.
They will explain the procedures
for buying in Spain and all the associated costs.
From now on, up to, and even after completion
of the purchase, our support staff and your lawyer
will take full responsibility for the entire transaction,
advising you, and keeping you up to date every
step of the way.
There are many excellent English-speaking Spanish
lawyers available.
Choosing the right lawyer is your guarantee that
Spanish Legal requirements are met, that the property
is genuinely registered in the vendor's name and
is free from any mortgage, charges or restrictions.
Your lawyer will negotiate and discuss the purchase
terms with the vendor's lawyer and as well as
the agreed price will include all your other requirements
such as fixtures and fittings, the completion
date and your preferred method of payment
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2. Exchange
of the Private Purchase Contract
Once you've paid the reservation deposit you
then have a period of up to 30 days to exchange
the private purchase contract with the vendor.
You can arrange for your lawyer to handle both
this stage and the completion on your behalf if
you are unable to attend.
Before your lawyer exchanges contracts he will
have completed the detailed searches and investigations
at the Land Registry in respect of the property.
With a new property, before you instruct your
lawyer to complete the purchase, we inspect the
property and detail anything that might need putting
right.
Once rectified to your satisfaction, the title
deeds can be signed.
Finally, on the day set for completion we will
take you to the Notary Public with your lawyer
to sign the Title Deed, making the final payment
to the vendor who simultaneously passes you possession
of the property and hands you the keys.
At this stage the sale is completed. Immediately
after completion the Notary will fax details of
the title deed to the local Land Registry confirming
your identity as the new owner.
In this way the Notary and Land Registry are acting
jointly to protect and guarantee your interests.
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5. After Completion
We don't stop here!
As part of our service we can also arrange for the utilities and
services such as water and electricity to be supplied
in your name and will organise their payment through
a local bank of your choice.
And don't forget we're still here to help with
everything you need to set up your new lifestyle;
furniture, decor, pool services, healthcare, pet
care, car purchase, new schools, local gym, golf
clubs, telephone and internet, just to mention
a few!
Our preferred list of all the major services and
suppliers has been recommended to us by people
just like yourselves: previously satisfied customers.
We're only a phone
call away and the service is absolutely
free.
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