|||| The buying process

The buying process in Spain differs slightly from your home country. In Spain it is usual when you are interested in a property to sign a document of reservation and deposit. The amount of the deposit varies normally between € 3.000 and € 10.000. Important to be aware of, if not continuing the deposit will not be refundable unless it is a fault by the vendor. So, you really have to be sure.

As soon as you decide to continue the purchase the property, normally within a period of 30 days the private contract has to be signed. With the undersigning of the private contract you will have to pay between 10% and 30% of the purchase price minus deposit.

It is strongly recommended to have your lawyer involved as soon as you decide to continue the purchase before signing the private contract. We at Element Realty are more than willing to bring you in contact with a lawyer in Spain who speaks your language.

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