In this first episode of Confianz: After Hours Glenn and An-Sofie dive into the very first steps of the Spanish property journey. What do you need to know before making an offer on a property in Spain? And how do you make sure you avoid legal risks?
An-Sofie shares her experience as the first point of contact for prospective buyers and discusses frequently asked questions such as: 'How do you bid correctly?, ‘What is the point of a reservation contract?' and 'How is it different from a compromise or contract of sale?'
Together, Glenn and An-Sofie highlight essential elements such as:
- How (and whether) a bid is binding
- The role and content of the reservation contract
- The purchase contract/compromise and corresponding down payment
- Legal checks: property rights, debts, licences and urbanisations
- An overview of the full buying process, from reservation to deed and utilities
🕓 Duration of the process? In theory, everything can be complete in one week, but in practice, the situation of the seller, the property and the buyer plays a big role.
🎧 Key insights from this episode:
- A bid is null and may even via WhatsApp or e-mail
- A reservation contract is the first binding step
- Avoid payment on a private seller's account
- Have essential conditions included in the reservation contract
- Never initiate a binding purchase without legal review
📌 Also check out our blog with legal information and tips.
Beluister op Spotify, Apple Podcasts or Youtube.
