If you are a first time buyer in Duquesa you may be unfamiliar with the property purchase process in Spain. Below is a general guide to your property purchase and outlines the steps taken and what you are required or advised to do at each stage.
If required, Barrington Homes have a recommended lawyers who can carefully guide you through all the steps of your property purchase ensuring a smooth and careful transaction is made and also that you are kept fully informed every step of the way.
Once you have chosen your new home, the first step is to lodge a deposit with the Estate Agent or your lawyer (usually €6000) and sign a reservation document. Barrington Homes policy is to allow the buyer a 24hr 'cooling off' period during which time this deposit if fully refundable. This allows anyone who purchases a property with Barrington Homes to be 100% confident in their decision and also feel very comfortable with purchasing a property in Duquesa with Barrington Homes agency.
The signing of the Private Purchase Contract. The intervention of the lawyer is appropriate at this time in order that the terms and conditions of the offer are correct. The lawyer will carry out a full property conveyance and inform the buyer of the taxes associated with the property purchase. For resale property a payment of 10% of the total sale price is required, payable at the signing of the contract. For "Off Plan" developments this percentage may vary from 20% to 40%.
The purchase is formally completed when the public title deeds are signed before a Notary Public, the agreed balance of the purchase price is paid and the ownership of the property is passed on to the buyer. The public deed always stipulates that the property is sold free from charges and encumbrances.