A deposit will be required upon the signing of the sales contract. This is usually 10% of the purchase price. It is paid either into our reserve client account or directly to you, depending on the terms of the contract.
You are obligated to deliver the property free of debts and liens. We ascertain what property taxes (IBI) and outstanding bills are due. These include community fees, water, gas, electric and alarm bills. We also determine the value added tax (Plus Valia) due at the time of the closing.
We hire a professional and independent service firm, Interhelp Service, to obtain this information. They have many years of experience in doing this and they are very reliable.
The notary makes an escritura where he writes down the wishes of the parties involved, judges their identity and legal capacity and composes the document according to the parties’ instructions, making sure that it fits the legal requirements. He also cautions both parties about the obligations each must fulfil as a result of making the agreement.
The choice of the notary is made by the party paying the notary’s fees. This is usually the buyer. We accompany you to the notary and provide translation of the proceedings.
Handing over the property and the keys normally takes place once the full purchase price is paid and the deed signed. This is usually at the notary’s office. The property must then be vacated.
When we have completed the sale, we will have made both parties happy and content and Be Spoiled by Mike van Essen will have new and old friends who will always be welcome at our office.