Steps in the process of buying a property.

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Rafael Sanchis

Steps in the process of buying a property.

Brief and Simplified Explanation of the Property Purchase Process
The property purchase process follows a series of steps to ensure a secure and effective transaction.

Step 1 - The Offer
Once you have selected the property you wish to acquire, you need to make a formal offer. This document informs the seller of your intent to purchase and establishes the price you are willing to pay. A real estate advisor will guide you in drafting the offer, including any relevant conditions (mortgage, timelines, etc.). If the purchase is made in cash, the funds must come from a bank account in Spain.

Step 2 - Offer Acceptance
If the seller accepts the offer, the preparation of the necessary documents for the property transfer begins. To formalize the purchase commitment, the buyer must make a reservation payment, typically ranging from 5% to 10% of the agreed final price. This amount is deducted from the total purchase price.

Step 3 - Deposit Agreement 
This is a private contract signed between the buyer and the seller that reinforces the commitment of both parties. It details the terms of the sale, and a deposit is made as a guarantee. There are different types of deposit agreements, but the most common is the "arras penitenciales," which allows for cancellation under certain conditions: if the buyer withdraws, they forfeit the deposit; if the seller backs out, they must return twice the amount received.

Step 4 - Deed of Sale
Once all documentation is in order and financing has been approved (if applicable), a notary appointment is scheduled to sign the public deed of sale. At this stage, the buyer pays the remaining balance and receives possession of the property, officially completing the transaction.

Rafael Sanchis

Rafael Sanchis

Reliable and well known real estate investor in the area, who puts their clients first while guiding them through every step of the process.

To offer our clients personal and legal advice and assistance, while offering the best houses in the town of Villanueva del Rosario (where the Real Estate Agency is located) as well as towns in the province of Malaga and the province of Granada as our Real Estate Agency is included in a large network of Exp Realty agents distributed throughout the Spanish territory.    

Exp Inmobiliaria Tian has a wide range of properties, villas, flats, townhouses, penthouses, luxury properties and plots.  Our Real Estate Agency belongs to the Association of Real Estate Experts and we manage the sale of all the properties in open exclusivity, in this way we collaborate in its sale management with 88.000 thousand real estate agents all over the world belonging to EXP Realty, as well as, the collaboration with more than 500 external real estate agencies composed of 3.000 Real Estate Agents. 

Exp Inmobiliaria Tian puts at your disposal a professional cabinet of consultants specialised in different fields to offer you an integral coverage on other aspects that you may need: - Insurance for companies and individuals, - Integral legal advice for companies and individuals, - Processing of inheritances and wills.

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