HOW CAN I RESERVE A PROPERTY
To reserve a property that you wish to buy, it is
necessary to pay a deposit of the total price (between 10% to 20%). The vendor
will then consider the property sold and will take it off the market with the
obligation to respect the agreed price. If the deposit is not paid from the
beginning, there is the risk of loosing the property because the vendor may
sell it to a third party. It is usual, when the deposit is paid, to sign at
this time a private purchase contract or to order the purchase to our
representative (Real Estate advisor ) with a document called "Contrato de
mandato de compra". Both documents define the price, the conditions of
payment, dates and other specifications of the purchase.
THE N.I.E.
These letters stand for 'Numero de Identificación para
Extranjeros' (Foreigner Identity Number). You will obtain this document from
the Ministerio del Interior via the Policía Nacional. You will have to fill in
a form and present it together with your passport. This will take between three
and four weeks to be issued. It is vital to apply for this document from the
beginning because it will be required for all dealings with official entities,
banks, etc.
Lopez Develop
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