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BUYING HOMES
Buying Process, Step by Step
1. Budget and Financing
Before starting your search for a dream home, it's essential to set your budget. Foreign banks usually don't grant mortgages for properties in Spain, but you can use your existing property as collateral for financing a vacation home abroad. Contact your bank for details. Discuss financing options with your broker in both Swedish and Spanish markets to find the best solution.
2. Finding Your Dream Home
Once your budget is set, prioritize your preferences for your future home. Consider what’s most important – a great view, high standards, optimal sunlight, or proximity to the beach. Buying property in Gran Canaria can be complex with various agencies, languages, regulations, and technical terms. We can present properties from other agencies so that you only need to be in contact with us and we control the legal information about the property. We help you find your dream home among available options. Our services are free and non-binding.
3. Preparing for Viewings
Be well-prepared before viewings to save time. Take your time during viewings and ask any questions to your agent. The viewing is working as an inspection, you buy the property as it is.
4. Bidding
During the bidding phase, be prepared, available, and have your financing ready. Focus on one property, the bids are not binding and it’s wise to have a bidding strategy that you discuss with your agent. You will be updated throughout the process.
5. Contract Meeting and Signing
After your bid is accepted, the agent formalizes and sends a reservation agreement to both buyer and seller. They sign the contract and review the details. The buyer transfers a deposit to a secure client account with a Notary Public or to our secure client account, reserving the property. If you choose the purchase package, our specialized team will assist with all practical and legal aspects, allowing you to complete the purchase from anywhere in the world. Read more about the purchase package under Collaborators.
6. Finalizing the sale
The final step involves formal registration and handover. The buyer, seller, and agent meet at a Notary Public's office. The deed is officially registered, all financial transactions are completed, the money is transferred to the seller and the key is given to the buyer. By following these steps, we ensure an efficient and transparent purchase process, allowing you as a buyer to feel secure and informed throughout the entire purchase .
Congratulations on a successful and stress-free property purchase with us!
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