Property in Spain for Sale

Will I be required to place a deposit if I find a property? The answer is Yes..

Once you have seen a property you can ask for the home to be reserved, the property is then put on hold for 24 hours. This is fee free and there is no obligation to buy if you change your mind. This 24hr period is simply so that you can have a rethink and go over your sums without the property being sold.

When you sure about your chosen property, a non-refundable holding deposit of approx 3,000€ will be required. Your deposit is the start of a legal contract, holding the price of the property and ensuring that you will not be affected by any future price increases.

Your deposit also guarantees the removal of the property from the sales market.

This sum is part of the cost of the home and is not an extra payment. It will either be deducted from the price of the home or refunded on completion of the sale.

Your deposit will be paid to the owner, builder or developer of the property and deucted from the purchase price upon completion, a receipt will be issued for this transaction. There are a variety of ways to pay including personal cheque, credit card payment, bank transfer or cash.Of course, certain payment methods may be preferred for private sales.



Property for Sale Spain