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BUYERS GUIDE | Best Invest Spain

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 Detached Villa
3 3 - 4 508 - 924 m2 27 - 375 m2
From €2,900,000 - €5,100,000
New Development: Prices from €2,900,000 to €5,100,000. [Bedrooms: 3 - 4] [Bathrooms: 3 - 4] [Built size: 514m2 - 2934m2]. Luxury villas in a tranquil setting Located in a picture ...
Estepona
Estepona Ground Floor Apartment
2 2 118 - 181 m2 9 - 147 m2
From €530,000 - €1,175,000
New Development: Prices from €530,000 to €1,175,000. [Bedrooms: 2 - 3] [Bathrooms: 2] [Built size: 118m2 - 181m2]. A striking development located in Estepona consisting of 72 apar ...
Fuengirola
Fuengirola Ground Floor Apartment
3 2 74 - 98 m2 10 - 69 m2
From €319,000 - €399,000
New Development: Prices from €319,000 to €399,000. [Bedrooms: 3] [Bathrooms: 2] [Built size: 74m2 - 98m2]. Let me introduce you to this elegant new apartment development, set on t ...
Estepona
Estepona Penthouse
3 2 106 m2 38 - 67 m2
From €599,000 - €635,000
New Development: Prices from €599,000 to €635,000. [Bedrooms: 3] [Bathrooms: 2] [Built size: 106m2]. YOUR PRIVATE OASIS This newest phase offers 88 exclusive homes specially desi ...
Mijas
Mijas Townhouse
3 3 110 - 125 m2 24 m2
From €549,000 - €695,000
New Development: Prices from €549,000 to €695,000. [Bedrooms: 3] [Bathrooms: 3] [Built size: 110m2 - 125m2]. KEY READY! A unique development of exclusive three-bedroom town homes ...
Mijas
Mijas Townhouse
4 4 157 m2 71 m2
From €1,100,000 - €1,115,000
New Development: Prices from €1,100,000 to €1,115,000. [Bedrooms: 4] [Bathrooms: 4] [Built size: 157m2]. KEY READY! A unique development of exclusive four-bedroom town homes boas ...
Estepona
Estepona Ground Floor Apartment
2 2 85 - 135 m2 17 - 61 m2
From €380,000 - €675,000
New Development: Prices from €380,000 to €675,000. [Bedrooms: 2 - 3] [Bathrooms: 2] [Built size: 85m2 - 135m2]. Our architecture is more than what you see. We believe in design th ...
Fuengirola
Fuengirola Semi-Detached House
3 2 135 - 141 m2 14 - 17 m2
€626,000
New Development: Prices from €626,000 to €626,000. [Bedrooms: 3] [Bathrooms: 2] [Built size: 135m2 - 141m2]. An intimate collection of 11 impressive 3 bedroom homes, distributed o ...
San Roque
San Roque Townhouse
4 2 - 3 188 - 206 m2 36 - 40 m2
From €503,000 - €583,000
New Development: Prices from €503,000 to €583,000. [Bedrooms: 4] [Bathrooms: 2 - 3] [Built size: 188m2 - 206m2]. The complex has 32 spacious 4-bedroom townhouses with different in ...
Marbella
Marbella Ground Floor Apartment
2 2 80 - 148 m2 26 - 153 m2
From €445,000 - €1,025,000
New Development: Prices from €445,000 to €1,025,000. [Bedrooms: 2 - 3] [Bathrooms: 2] [Built size: 80m2 - 148m2]. This development is a modern, private residential development in ...
Altos de los Monteros
Altos de los Monteros Ground Floor Apartment
2 2 82 - 127 m2 42 - 120 m2
From €525,000 - €1,315,000
New Development: Prices from €525,000 to €1,315,000. [Bedrooms: 2 - 3] [Bathrooms: 2] [Built size: 82m2 - 127m2]. New development. Two- and three-bedrooms apartments with all kind ...
Manilva
Manilva Ground Floor Apartment
2 2 105 m2 16 m2
€263,000
New Development: Prices from €263,000 to €263,000. [Bedrooms: 2] [Bathrooms: 2] [Built size: 105m2]. 2 and 3 bedroom homes by the sea in Manilva When you decide to take a few day ...
Estepona
Estepona Semi-Detached House
4 3 - 4 179 - 222 m2 28 - 41 m2
From €730,000 - €940,000
New Development: Prices from €730,000 to €940,000. [Bedrooms: 4] [Bathrooms: 3 - 4] [Built size: 179m2 - 222m2]. THE DEVELOPMENT For the realisation of this exclusive new boutique ...
Estepona
Estepona Detached Villa
3 2 - 3 195 - 272 m2 3 - 17 m2
From €1,025,000 - €1,495,000
New Development: Prices from €1,025,000 to €1,495,000. [Bedrooms: 3 - 4] [Bathrooms: 2 - 3] [Built size: 597m2 - 928m2]. New Development of 17 independent villas, all villas are ...
Estepona
Estepona Semi-Detached House
3 2 - 3 170 - 283 m2 53 - 60 m2
From €657,750 - €850,000
New Development: Prices from €657,750 to €850,000. [Bedrooms: 3] [Bathrooms: 2 - 3] [Built size: 170m2 - 283m2]. IMPORTANT: Some of the photos of the properties you see furnished ...
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