Buying 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 that holds a Spanish real estate title and the use of the services of a Spanish lawyer are adviseable.

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.

Villascouts will supply you with a list of your likely in-going and on-going expenses of the purchase. Always be sure that you are aware of your payment schedule, when and how the amounts have to 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 Villascouts will make sure that before you return home you are fully aware of all aspects 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 Villascouts, 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. Villascouts has sold hundreds of properties and is fully experienced in looking after client's needs.