Thinking about selling a property in Spain? If you are in a hurry, then you would be worried to know that it typically takes about 10 months to go through the process. The good news is that careful preparation and smart decisions can help speed up the closing process.
Is Now the Right Time to Sell Your Property in Spain? Well, this really depends on your motivation for selling and when you bought it. Property prices in Spain generally increase by 3.8% year on year. But this figure has huge variations country wide. In case, if you are not sure if this is the right time, it is better to consider renting it Choosing an Estate Agent A good starting point to ask for recommendations from family or friends who have used an estate agent in the past. Before choosing one, make sure you talk to a few before finalizing one. Look for someone with good experience of working on behalf of people who stay outside Spain. To keep your search simple, you can consider Nordic Consulting Canary Islands. The company has a team of experienced and knowledgeable real estate lawyers and agents who are great at representing foreign clients in Spain court. The Process The buyers and solicitors often end up covering and completing most of the work. After thorough due diligence checks, the lawyer will prepare a deposit contract for both the parties. Payment of a deposit which is typically 10% of the agreed sale price assures the commitment of each party to the deal and also specify the date of purchase. If the buyer pulls out, he/she will lose the deposit and if the seller does so, they might have to pay your would-be buyer twice amount of the deposit as way of compensation. The closing of transaction comes in the form of a meeting which will be attended by you, the buyer, their legal representative and the notary. If you are unable to be present, you will need to grant power of attorney to your lawyer so that they can act on your behalf. Consider consulting with Nordic Consulting Ali Farhoud in this regard. The notary will then inform the Land registry and send them a copy of the title deed. Be Prepared Having your documents in order can speed up the process and make it smooth You Will Need
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AuthorAli Farhoud is the founder of The Nordic Consulting Canary Islands which is known for offering a wide range of services including legal services, real estate services, administrative services, tax declaration and investment advice. If you are stuck in any problematic investment in Canary Island, then you must contact Ali Farhoud Tenerife. Categories |