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 7. Actual Purchase |
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Having found the property you wish to buy..and made your decision..you will be asked to sign a simple contract (in English and also in Spanish) and pay a deposit of normally 3,000 euros. This is taken as official confirmation of your intent to purchase the property, and the sellers intent to sell you that property at the agreed price. Following this..your Solicitor will then carry out all the necessary searches on the property, and all other legal checks. Stage payments are then made as agreed..and are made through your appointed solicitor. Resale property…Normally 10% of purchase price 6 weeks later and the rest on completion at the notary. New Build…stage payments as agreed..these can vary depending on the constructor. Once all the searches on the property are completed and authorised, and the deposit has been paid in accordance with the terms and conditions of the contract, then the title deeds are prepared, ready to be signed by both the buyer and the seller in the presence of the Notary. |
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