How Long Does it Take? | #bitesize Ep18 #costadelsol #marbella

Join Sean and Darren at Cloud Nine Studios as they address your questions about the Marbella real estate market. In this episode, they discuss how long the buying process in Spain takes. The buying process in Spain involves several stages: finding a property, making an offer through negotiation, and signing a reservation contract with a deposit, which secures the property off the market. Unlike the UK, where verbal intent suffices, the deposit here on the Costa del So is refundable only if legal issues arise. The next milestone is the private purchase contract, signed within 1-4 weeks of the reservation, requiring a 10% payment minus the deposit. This step legally binds the parties, imposing penalties for withdrawal. Completion dates are flexible and set by mutual agreement, often without the chain complications seen in the UK. The process duration varies, typically taking 6-8 weeks from reservation to completion, but it can be expedited or extended based on circumstances like mortgage needs. The quickest transaction Sean managed took 10 days. They stress the importance of transparency regarding financial readiness to tailor the process accordingly. Also on Apple Podcasts here: https://podcasts.apple.com/es/podcast... Get in touch with Cloud Nine Spain: Telephone: +34 951 203 808 Email: [email protected] https://cloudninespain.com/ Follow us on Social:   / cloudninespain     / cloud-nine-spain     / cloud_nine_spain   --------------------- Sean Woolley is the author of "From The Ground Up: The Insider's Guide to Buying Spanish Property" Available on Kindle and Paperback Buy it on Amazon: https://www.amazon.es/dp/B08C1SFBSG/r...