The process of buying a property on the Costa del Sol is the same as the rest of Spain, but quite different from other countries such as the UK. Although the cost involved in the purchase are higher, the Costa del Sol is one of the most desirable places to buy a property in Europe. With over 300 days of sun in the year and a huge range of properties to suit every budget, the area offers something for everyone.
Choosing your Agent
Choosing your agent is the first step you should take when you are buying a property on the Costa del Sol. There are thousands of properties for sale in the Costa del Sol and hundreds of estate agents. Unlike many other property markets, Estate Agents share properties with each other, so you should use a single agent to filter properties for you, which will save you time and avoid being bombarded by different agents offering the same properties.
Quality of service, availability to answer your questions, speed of response and a deep understanding of the property market all contribute to a good agent and at Hunter Properties we understand this.
With over 30 years of doing business on the Costa del Sol, the Hunter Group are a known and trusted name, yet we don’t rest on our laurels. Every new client we meet is a fresh start and a new opportunity to make our reputation, which is why so many people make us their agent of choice. We hope you will too!
It’s important to prioritise exactly what you are looking for. If you are looking for an investment, a holiday home or your main residence there are different considerations to take into account. There are so many properties on the market that you could spend every day for years looking at them and still not see them all. So clarity and an agent who understands what you want and need will cut down your search time, so that you need only see a small handful of homes to find the ideal one.
At Hunter Properties, we will do the legwork for you. First we will discuss with you exactly what you want and guide you through the options based on your needs and price range. Then the properties that we show you will be the closest possible match ensuring that your valuable time is not wasted. It is quite normal for our clients to put an offer on one of the first three properties we show them, and we pride ourselves on getting it right.
Making an Offer
Once you have found your property, you will make an offer. As your estate agent, we will then put this offer to the vendor and they may come back with a counter offer. This process of negotiation is quite normal and we work hard to ensure that you will agree the best price. Once agreed you will sign an Intent to Purchase contract and deposit a payment of €6,000 with your lawyer or in our client escrow account.
This Intent to Purchase Contract sets a timeframe for the property transaction and when signed, the property will be taken off the market.
The Legal Process: Due Diligence
You should not consider buying a property on the Costa del Sol without the services of a lawyer who will perform due diligence and ensure there are no outstanding debts on the property and that the ownership status of the vendor is legitimate. If your lawyer does find a problem, then your initial deposit will be refunded to you. There are a number of checks that your lawyer will make: