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Buying Property in Spain
The purchase contract..... You
may find that the buying procedure in Spain is a little different
to what you are used to in your own country. It is always
a good move to ensure that you are fully aware of the terms
and conditions of the contract before you sign, once signed,
the contract is legal, any deposit paid will be lost if you
change your mind at a later stage. Always deal with a reputable
agency and always use the services of a Spanish lawyer.
The normal procedure after finding a property
you hope to purchase is to determine the full price, at this
point terms of the contract can be agreed and the amount of
deposit can be decided upon, this will depend on whether you
are buying a new property directly from the developer or a
resale. Normally at this stage a visit to the Lawyer is recommended,
he or she will be able to vet the contract and take up contact
with the seller. Once the contract is signed and the deposit
paid, all terms & conditions and price are fixed.
We will supply you with a list of your likely
in-going and on-going expenses of the purchase, naturally
your lawyer is there to answer all of your question as well.
Always be sure that you are aware of your payment schedule,
when the amounts have to be paid and how they will be paid
You should also make provisions for these payments allowing
for the time it takes for funds to be transferred to Spain,
transfers normally take 3 to 5 days, again we will make sure
that before you return home you are fully aware of all aspect
of the purchase. We will also take the opportunity to assist
you in opening a bank account as this is necessary to first,
purchase a property in Spain and secondly to maintain your
home once you have purchased. Once you have returned home
there are always more questions that you would like to ask
us, the door is open at Oceanside, just get in touch and we
will give you the answers. You should always keep in mind
that we are here to help you, and we understand that this
is most likely your first purchase in Spain. We have sold
hundreds of properties and arefully experienced in looking
after client's needs.
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