Making an offer on a property in Spain
If you find a property in Spain that you are happy with, and that matches your needs and budget then it is time to initiate proceedings to buy it.
The offer and negotiation process varies from case to case so you will need the advice of your agent and lawyer on the best way to proceed in your particular case. However, by way of general remarks, it is reasonable to assert that on the whole there is more room for negotiations over price and terms when buying a resale property from a private individual than a newly built property from a developer.
If you find a property that you are happy with and one that matches your needs and your budget then it is time to initiate purchase proceedings.
Also worth thinking about during your search for your ideal Spanish property:
Usually, when you find the property that you want to buy a holding deposit must be placed to take the property temporarily off the market while the necessary legal checks are performed.
Normally, this will be between 3 – 6,000 Euros but each purchase and related conditions will vary. The seller and the buyer will negotiate a fixed time period by when the sale must be completed. It is advisable to have your mortgage in place before agreeing to this type of commitment as if you are unable to complete your deposit is at risk.
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