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Buyers Guide

Buying a Property in Spain

Buyers guide COSTA DEL SOL

Buying a property Costa del Sol is easy and not complicated at all if done correctly and with common sense.

There is a great Spanish saying that says: “Zapatero – a tus zapatos” which translates into “Shoemaker – make your shoes” – in short meaning: stick to your trade.

In the same manner, as real estate agent in Spain our first and foremost role is to find the right property for our clients and to negotiate the price on our their behalf.

We will assist in every possible way and be available all along the purchasing process BUT once we have found the right property we INSIST and advice ALL clients to choose a lawyer to represent them and to handle ABSOLUTELY EVERYTHING from this point onwards, especially everything that has to do with the drafting and signing of agreements and transferring of funds.

One of our many recommended law firms it the well-known MANZANARES LAWYERS in Marbella.

Our best advice on a complete buyer’s guide it to read more extensively and in depth on

https://manzanareslawyers.com/

Your questions or doubts that may arise in relation to your purchase may be of very personal and / or of economic or tax technical nature, something that you not necessarily will want to discuss with your estate agent.

For that reason we recommend everyone to contact a lawyer as early as possible in your purchasing stage – this will answer all you doubts and will give you peace of mind and a safe frame within which to buy.

At Manzanares Lawyers THE FIRST CONSULTANCY IS FREE OF CHARGE and nonbinding in any way.

NEW DEVELOPMENTS COSTA DEL SOL

The buying process here is very straight forward – however if buying off-plan property Marbella the following steps would be how a purchase would be carried out on most new developments in Spain.

Keep in mind that each developer will have their own payment terms that are not negotiable.

Signing of the reservations contract and payment of a RESERVATIONS DEPOSIT. The amount is normally in between 6,000-10,000€.

  1. Normally, 30 days later: signing of purchase contract and down payment of 30%
  2. Final payment of 70% when completion, signing of deeds at the NOTARY and handing over of keys.

BUYERS GUIDE

Buying a property in Spain can be both exciting and is whatever the purchasing price might be, always a big decision to make.

In this buyer's guide we will give you an introduction of the process invelved in purchasing both new developments or new build villas and resale properties. 

We will cover all steps involved in the purchase of a property as well as taxes involved, contracts and documents, estimated completion time, appointing a  lawyer, and all fees and costs involved in the whole process.

Our aim is to give you an overview of the entire purchasing process from the moment you start until you have finalized a safe purchase - following the correct procedures purchasing a property in Spain is easy and without complications.

STEP 1 - RESERVATIONS CONTRACT - RESERVATIONS DEPOSIT

Once we have managed to find a suitable property that matches both your wishes and budget the following process will begin.

We will need to put in place and sign a reservations agreement which essentially ensures that the property will be taken off the market and will no longer be available for others to buy.

At this point the purchase price has already been negotiated between both parties meaning that it can no longer be negotiated.

The reservations deposit that the buyer pays at this point normally ranges in between 6,000 to 12,000 all depending on the price and specific conditions.

For that reason it is important that you as the buyer of a property have funds available in order to secure such a reservations deposit.

The best and safest way for the buyer to pay such a reservation deposit is to do it via the appointed lawyers client account. It is our strongest advice NEVER to pay this amount directly to any real estate agent or directly to the seller.

As soon as the property has been reserved and the deposit paid, your appointed lawyer will start the necessary search and investigation on the property´ s legal aspect - this may vary depending on the type of property you are purchasing.

 

 

 

 

 

 

BUYERS GUIDE

Estepona
Estepona New Development
3 2 187 m2 81 m2
From €980,000 - €990,000
New Development: Prices from €980,000 to €990,000. [Bedrooms: 3] [Bathrooms: 2] [Built size: 589m2 - 753m2]. "NEW DEVELOPMENT OF NEW BUILD 18 EXCLUSIVE VILLAS WITH PRIVATE RO ...
Fuengirola
Fuengirola New Development
2 2 80 m2 26 m2
From €450,000 - €943,000
New Development: Prices from €450,000 to €943,000. [Bedrooms: 2 - 3] [Bathrooms: 2 - 3] [Built size: 80m2 - 130m2]. Spectacular new development of 60 luxury apartments in the most ...
Nueva Andalucía
Nueva Andalucía New Development
5 5 536 m2 292 m2
€4,950,000
New Development: Prices from €4,950,000 to €4,950,000. [Bedrooms: 5] [Bathrooms: 5] [Built size: 1951m2]. Stunning new villas in Nueva Andalucia with 5 bedrooms and finest qualiti ...
Estepona
Estepona New Development
2 2 92 m2 19 m2
From €475,000 - €758,000
New Development: Prices from €475,000 to €758,000. [Bedrooms: 2 - 3] [Bathrooms: 2] [Built size: 92m2 - 161m2]. New project of luxury 2 and 3 bedroom apartments and penthouses in ...
Mijas Costa
Mijas Costa New Development
2 0 69 m2 15 m2
From €331,200 - €797,400
New Development: Prices from €331,200 to €797,400. [Bedrooms: 2 - 4] [Bathrooms: 0 - 2] [Built size: 69m2 - 120m2]. This development is a new residential complex in Mijas Costa, o ...
Benalmadena
Benalmadena New Development
4 3 393 m2 353 m2
€2,900,000
New Development: Prices from €2,900,000 to €2,900,000. [Bedrooms: 4] [Bathrooms: 3] [Built size: 1464m2]. An independent ultra-luxury villa with garden and private pool. Located i ...
Benalmadena
Benalmadena New Development
3 2 153 m2 46 m2
€1,035,000
New Development: Prices from €1,035,000 to €1,035,000. [Bedrooms: 3] [Bathrooms: 2] [Built size: 153m2]. With its 2018 elegant style, this development boasts an innovative design ...
Mijas
Mijas New Development
3 2 205 m2 56 m2
From €1,190,000 - €1,200,000
New Development: Prices from €1,190,000 to €1,200,000. [Bedrooms: 3] [Bathrooms: 2] [Built size: 205m2]. “Where architecture meets nature, the Mediterranean Sea and Golf” A brand ...
Mijas
Mijas New Development
2 2 80 m2 21 m2
From €389,000 - €569,000
New Development: Prices from €389,000 to €569,000. [Bedrooms: 2 - 3] [Bathrooms: 2] [Built size: 80m2 - 104m2]. A gated development protected by a video surveillance system. It i ...
Benalmadena
Benalmadena New Development
4 4 227 m2 106 m2
€1,525,000
New Development: Prices from €1,525,000 to €1,525,000. [Bedrooms: 4] [Bathrooms: 4] [Built size: 289m2]. INSPIRATION What you have between your hands is more than a real estate do ...
Fuengirola
Fuengirola New Development
3 2 125 m2 53 m2
From €979,000 - €1,449,000
New Development: Prices from €979,000 to €1,449,000. [Bedrooms: 3] [Bathrooms: 2 - 3] [Built size: 125m2 - 136m2]. Welcome to a dream come true, welcome to this development, the p ...
Carvajal
Carvajal New Development
2 2 87 m2 34 m2
From €669,000 - €2,649,000
New Development: Prices from €669,000 to €2,649,000. [Bedrooms: 2 - 3] [Bathrooms: 2 - 4] [Built size: 87m2 - 256m2]. We will change weight for square meters, color for avant-gard ...