Steps
Reservation contract
The purpose of this contract is to reserve your chosen property and to agree the purchase price. The buyer normally pays a deposit or down payment of around €3,000 at this point.
Contract of sale
This contract contains all of the terms and conditions for the sale, such as the method of payment, the price, the particulars of the property, etc. The Legal Department at Mediterranean checks these contracts beforehand, to ensure that they contain all of the required legal guarantees. We will also provide you with a translation of the contract into your mother tongue, although only the original Spanish version of the contract will be valid.
Legal advice
Mediterranean puts you in touch with legal services for advice on any legal, financial and tax issues, and we process the paperwork and assist you throughout the whole of the purchase process.
Opening a bank account
We will open a bank account for you, in order for the payments agreed in the contract of sale to be made to the vendor. A bank account is also essential for setting up direct debits to pay for the services (water, electricity, etc) to your new property.
Financing your purchase
Please consult our Financial Advisor
Calculating the purchase costs
See the Frequently Asked Questions (FAQ) section
