Click one of the steps above to find out more information.
So you found the property you liked. You put in an offer, and when both parties agree then...
Reservation deposit of 3000-6000 Euro. This step is meant to: Show intent, take the property off the market, and for your lawyer to start the legal searches.
The solicitor can open your bank account on your behalf if given power of attorney, and will also apply for your NIE number - or Tax identification number - at the Tax Office in Malaga.
Purchase deposit of 10% (minus the Reservation Deposit already paid).
This is the binding contract in which both parties agree to the sale/purchase of the property. Both parties agree on a date of completion - which can be anywhere between 1 to 4 months.
Payment of the 90% balance at the Notary.
The conveyance title deed is to be signed upon completion in front of the Public Notary and the keys are handed over.
After this completion, your legal representative:
If you are applying for a Spanish mortgage, we will prepare the mortgage title deed which will also be signed in front of the Public Notary upon completion
So you found the property you liked. You put in an offer, and when both parties agree then...
Reservation deposit of 3000-6000 Euro. This step is meant to: Show intent, take the property off the market, and for your lawyer to start the legal searches.
The solicitor can open your bank account on your behalf if given power of attorney, and will also apply for your NIE number - or Tax identification number - at the Tax Office in Malaga.
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When you think you are ready to purchase a property, it is usual to arrange for a viewing.
This trip allows you to compare the different options or urbanisations onsite, or to find the most suitable location for your new home or holiday home.