Contrato de Arras? ⚠️ Estafas detectadas

We are in a historic moment for buying and selling #homes, with high prices and limited supply. It's important to keep real estate tips in mind and not rush into buying a home. Avoid costly mistakes and make sure you make the best decision in the real estate market. ➡️ What is a reservation contract? A #home reservation contract is a private agreement between a buyer and a seller (or a developer/real estate agency) whereby the buyer expresses their intention to purchase a property and, in return, the seller agrees not to sell it to another person for a specified period. Key features: It is not legally binding like a final sale, but it does create commitments for both parties. A deposit or reservation fee is usually paid (typically between €500 and €3,000, depending on the property's value). The timeframe is usually short (15-30 days), during which the buyer typically arranges the mortgage or reviews the documentation. It's not the same as a deposit contract, although they are sometimes confused. What happens if one party backs out? If the buyer withdraws, they may lose the deposit. If the seller backs out, they usually have to return double the deposit (although this depends on the agreement). ➡️ What is a deposit contract? A deposit contract is a private document in which the parties agree to reserve the purchase of movable property. In this case, the buyer makes an advance payment known as a deposit, equivalent to a percentage of the property price. Subsequently, this deposit is deducted from the agreed purchase price. There are 3 types of contracts that we will describe in this video. 🚩🚩🚩🚩 RED FLAG WE'VE FOUND IN EARNEST MONEY CONTRACTS AND HOW TO AVOID THEM Don't sign a reservation or earnest money contract without being sure you'll be granted the mortgage. If you need personalized advice from professional and accredited former bankers, tell us about your case by writing to [email protected]. The consultation is one-on-one, so we recommend sending us your documentation beforehand so we can analyze your situation and offer you more precise advice. We can help you analyze earnest money contracts, FEIN (European Standardized Information Sheet), mortgage offers, and deeds, so you can make the best financial decision with complete confidence. And if you prefer to learn how to negotiate and process your mortgage on your own, don't miss the most comprehensive course on the market, taught by former bankers with extensive experience: 👉 Mortgage Course The real estate market in Spain is experiencing a record number of home sales, but the lack of supply and rising prices are creating a scenario of hasty decisions. Montse Cespedosa warns us about the mistakes to make when buying a house, especially in the context of a real estate crisis, where rushing can lead to costly disappointments. It is crucial to understand the current situation before making any purchase decision.