Steps in the process of buying a property.
Equipo Inmo-Platinum
Equipo Inmo-Platinum
Brief and Simplified Explanation of the Property Purchase Process
The property purchase process follows a series of steps to ensure a secure and effective transaction.
Step 1 - The Offer
Once you have selected the property you wish to acquire, you need to make a formal offer. This document informs the seller of your intent to purchase and establishes the price you are willing to pay. A real estate advisor will guide you in drafting the offer, including any relevant conditions (mortgage, timelines, etc.). If the purchase is made in cash, the funds must come from a bank account in Spain.
Step 2 - Offer Acceptance
If the seller accepts the offer, the preparation of the necessary documents for the property transfer begins. To formalize the purchase commitment, the buyer must make a reservation payment, typically ranging from 5% to 10% of the agreed final price. This amount is deducted from the total purchase price.
Step 3 - Deposit Agreement
This is a private contract signed between the buyer and the seller that reinforces the commitment of both parties. It details the terms of the sale, and a deposit is made as a guarantee. There are different types of deposit agreements, but the most common is the "arras penitenciales," which allows for cancellation under certain conditions: if the buyer withdraws, they forfeit the deposit; if the seller backs out, they must return twice the amount received.
Step 4 - Deed of Sale
Once all documentation is in order and financing has been approved (if applicable), a notary appointment is scheduled to sign the public deed of sale. At this stage, the buyer pays the remaining balance and receives possession of the property, officially completing the transaction.
After more than 15 years of experience in the real estate sector working in the province of Madrid and the Costa del Sol, Maribel Bautista and Inmaculada Ruiz launch the Inmo-Platinum project in 2019.
Maribel Bautista is a real estate lawyer, and head of the Legal and Mortgage Department.
Inmaculada Ruiz has a degree in Law and is responsible for the Department of Coordination and Administration.
Together with commercial specialists in each area, at Inmo-Platinum we try to build solid relationships with our clients, always based on credibility and trust so that, throughout the process of sale or rental, we respond effectively to their demands. Together, with our team, we consider ourselves fellow travelers capable of guiding, guiding and dispelling doubts. We will be by your side from the first moment to help you make a good decision about your home.
Since our origin we have helped many families and legal entities to function in the real estate world. Specialized in the new construction market, we pride ourselves on the one hand, on knowing the market well, and on the other, on training ourselves day by day in this complex scenario. Maribel Bautista is ETI (Real Estate Technical Expert), Master in Real Estate and Urban Law, specific training as Real Estate Agent, Civil and Commercial Mediator, Prevention of Money Laundering and Master in Quality Management, specializing in Owners' Associations.
Currently, he is training on Mortgage Management, approved by the Bank of Spain, and a master's degree in business management. Inmaculada Ruiz has a Master's Degree in Real Estate Business Administration and Management, Real Estate Judicial Expert and Real Estate Accounting. Services we offer: - Real Estate Advice - Real Estate Personal Shopper - Real Estate Legal Advice - Mortgage Advice - Home Staging - Advice on Decoration - Asset Management - Rental Management - Free registration of supplies in new acquisitions - Golden Visa Currently we are 4 agents and several external collaborators who manage the offices of Majadahonda (which covers the northwest area of the community of Madrid) and the Costa del Sol.
OUR ADDRESSES
C/ Vaguada del Arcipreste 2 bis, 28220, Majadahonda (Madrid), Telephone: +34 911-599-706
Calle Virgen del Rocío s/n, Marbella, Málaga 29670, Telephone: +34 951-419-974
How do you know where to buy?
As a Real Estate Advisor, I will assist you in every step you need during the area selection. A first point to take into account, it is essential to know what you want the property for: to live, to rent it, or as an investment?
New, used, or pre-construction properties?
Among the possibility of buying properties, there are mainly the following.
What are the expenses associated with buying a home?
There are several expenses associated with buying a home. When deciding to buy a house, it is essential that you know and take into account, at least, the four types of basic expenses.
