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From the moment you have found your dream villa we will
use our expert knowledge to take the worry from you. We will arrange for a
valuation report and instruct your lawyer to begin legal searches on the
land and buildings, and prepare the draft purchase agreement.
Resales
If you are purchasing a
resale home, we will help you agree a preliminary contract with
the vendor to commit him to sell it to you at the stated price within the terms of
the contract. After you have signed this contract,
your lawyer will complete the checks before you sign the escritura. This usually
takes between 4 and 8 weeks.
New properties
If you plan to buy new,
we will ask you to sign a reservation contract
once you have made your choice. We will then help you agree the
full preliminary contract, at which time we will
ask you to pay a deposit.
If you are purchasing a home to be built for you, there are several
options, and we will advise which is
best route for you.
If you are purchasing a plot of land from a builder or
developer who is also building the house, you could buy the land outright,
plus whatever construction has already been built, and then agree a
separate completion contract.
If you are purchasing a villa or
apartment on a complex, we will ask you to sign a contract in
which you agree to buy it on completion.
You will make payments as the construction
progresses, and your final payment - made in the notary's
office - will transfer ownership to you. We can
advise you on the best way to make these payments to give you most security.
When purchasing on a complex, you'll probably
be buying into an owner's community, a
legal entity, an organisation of owners,
who jointly manage and pay for common facilities
such as pools, parking areas, lifts, external lighting, gardens, etc. This will not effect the ownership of
your home, which you will own entirely. The
community can charge fees which may vary according to the amount of
maintenance work, for which all owners are responsible.
Completing your purchase
The legal transfer will take place with a notary
present who will based in the area where your home is
being purchased. The notary will prepare the escritura and
register it and charge both you and the vendor, according to a
fee schedule set by government.
We will advice you how and when to arrange your finances so you are ready to sign the deed to transfer on the agreed
date.
Click here if you would like more
information about buying property in Spain.
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