06 Buying Process (Step-by-Step)
Reservation A reservation fee (amount required is variable depending on the property purchase price) must be paid along with a reservation contract that must be signed by all parties. Upon receipt of both the property is removed from the market and the price is secured subject to due diligence.
Private contract Defines terms, timelines, and payments. A further payment of 10-40% will be payable at this stage
Due diligence Licences, boundaries, debts, community rules.
Notary Signing & Completion Title transfer and key handover.
Documentation & Timelines Expect clear identification, proof of funds, NIE, and bank arrangements.
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