What is the process for buying property in Spain?
After you have found your ideal property and have done the due diligence including checking the documentation covered in Decree 218, you can make an offer. • Offer – You make your offer to the Estate Agent acting on behalf of the vendor and the estate agent will try to negotiate a price. Remember, an estate agent might be acting on the vendor behalf but they wants to make a sale as there are no fees earned until the house is sold. Therefore estate agents will do their hardest to get a compromise price that suits both the buyer and the vendor. • Private Contract – Unlike the UK and in line with most European countries, once your offer is accepted you will enter into a legally binding Private Contract. Private Contract requires the buyer to pay a deposit (consideration) without which the contract will not be binding. Within the contract you can estipulate any conditions such as subject to survey, subject to mortgage, completion date, etc. There are no restrictions or limitation on the co
