When looking to buy a property in Spain, here at Bluewater Villas we like to make your experience as straight forward and enjoyable as we can. Read our guide to buying below and see that in 3 easy steps your new home in the sun is possible and we will guide you every step of the way!
Step 1 – Payment of Deposit
When you have decided that the property you have viewed with us is the ONE, then the next step is to pay a reservation or holding deposit. This will secure the property for you and removes it from the market, this is usually around 3000 euros.
Step 2 – Signing of Purchase Contracts
Next a contract between yourself and the seller is drawn up, this is done after your solicitor (we can recommend a solicitor or you can use your own) has completely checked the property for anything outstanding that would need to be settled prior to purchase. This contract will detail the purchase price, payment schedule and date of completion for the sale.
10% of the purchase price is usually paid at this point although this can vary depending on mortgage requirements or cash purchases.
Step 3 – Notary Exchange of Title Deeds
Last step will secure the house of your dreams! Your solicitor will draw up all the necessary paperwork and then on the agreed date, yourself, your solicitor, ourselves and the seller will meet at the notary this is where the final documentation is signed witnessed by the notary and then your purchase is registered in the official land registry reassuring you that your purchase is official.