Buying a property in Spain involves a number of legal steps that you should be aware of. Here is a guide to help you better understand the process:
- Offer and acceptance: Once you find the property, an offer is presented to the seller.
- Earnest money contract: It is a preliminary agreement where a deposit is paid to reserve the property.
- Status of charges: Verify that the property is free of liens and encumbrances.
- Financing: If you need a mortgage loan, now is the time to apply for it.
- Public deed: It is signed before a notary and the registration in the Property Registry is carried out.
Knowing these steps will help you navigate the purchasing process with greater confidence.
