Buyers Guide

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When you do find that property, ask the agent if the vendor is likely to accept an offer, some vendors price to sell, others price a little high and expect to be knocked down, others will wait until the market reaches the value they have set. It is impossible to generalise as we have so many different nationalities living here all with their own sales - purchase cultures, let your agent be your guide.

The next thing you should do is find an abogado [Spanish lawyer] before you sign anything or pay any deposits to anybody. An abogado will charge around 1%. of the purchase price, this is great value, your abogado will look after your financial interests, and give you peace of mind, a very valuable commodity when buying a house!

Reservation deposits and payments paid to an agent are not legally binding on the vendor, you should never pay money to an agent or agency.
If you pay money to an agency you will be tied, unless you leave you money behind!

Reservation deposits for new developments should be made directly to the developer, After you have spoken to your abogado, and all other payments should be made by or under the supervision of an independent abogado [Spanish lawyer] in this way your interests and your money will always be protected, and you will be sure that the sales purchase contract is in your name and not in the name of the agency, this may be convenient for the agency, but you will have no legal claim on the property.

It is only when a sales purchase contact has been agreed and signed by both parties and 10% paid that the vendor is legally bound to sell you the property, which is why there is no point in paying any reservation deposits to an agent.

With all of the properties we offer for sale 10% of the purchase price transferred to your abogados clients account will be sufficient to take the property off the market while your abogado makes the searches, and you arrange your finances, the 10% will be handed to the vendor by your abogado when everything is checked out and the sales purchase contract terms have been agreed and signed.

If a vendor will not accept this show of good faith to take a property off the market, or an agency asks you for any money you should immediately consult an independent abogado, if the abogado cannot convince the vendor to accept your terms, then walk away, there are other properties, keep your money in safe hands, deposits given to agents are not returnable.
Never use the same abogado as the vendor or interests may be compromised.

Use an abogado from a well known independent company of abogados, we can recommend well respected independent English speaking companies in all areas.

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