The sales process step by step.
Nikki Powles
Nikki Powles
A brief and simplified explanation of the process of selling a property:
Step 1 - The Offer
When the buyer has decided to buy your property, delivery of the Offer will occur. This is the legal mechanism used for the buyer to inform the seller that they are interested in purchasing the property and the price they are willing to pay.
The Real Estate Agent of the buyer is the person in charge of guiding the buyer in creating this document. This Offer must incorporate the approval letter for the mortgage if applicable. If the purchase is to be made in cash, it must include a bank statement corresponding to the funds to be used by the buyer.
Step 2 - Acceptance of the Offer
If the Offer is agreeable to you, instructions will be given to a "Title House" to create all pertinent documentation regarding the transfer of the property; specialized lawyers do this. To do this, the buyer must reserve the property he wishes to buy by paying a percentage of the amount, which usually ranges between 5% and 10% of the final amount of the Offer. This money is placed in a security deposit (Escrow Money Deposit). If it is a building in the pre-construction stage, the procedure could vary.
Step 3 - The Closing
Once the lawyers have thoroughly studied the property's title, a date will be set for the signing of the sale contract. At the time of signing, the buyer will deliver the payment for the remaining amount, and the seller will transfer the title to the new buyer.
Finding the ideal home or investment in Spain is not just a transaction but a journey, and I am here to guide you every step of the way.
With a global perspective and a deep understanding of what truly makes a house a home, I help my clients navigate the Spanish property market with confidence. Whether you are searching for your dream home or the perfect investment, I offer a professional and personalised approach to ensure the process is clear, seamless, and tailored to your needs.
If you're ready to take the next step, let's talk!
What if you increase the value of your property?
The condition of your property plays a crucial role in your visual assessment. The property must be renovated to impress potential buyers.
What's the price of my property?
Defining the sale price of the property is vital to start the sale process, and it is when the help of a qualified REALTOR® is essential.
Who pays the commissions the Agent?
A Real Estate Agent is an advisor specializing in buying and selling residential and commercial property.
