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How long do house purchases usually take to complete?

Posted: Wed Mar 14, 2018 4:06pm
18 replies701 views17 members subscribed
JeffSu

Posts: 2

Location: La Marina

Joined: 14 Mar 2018

Hi, we're looking to buy in La Marina, coming over in about a months time to look at properties, can't wait, Jeff and Sue 😊

Doug 648

Posted: Wed Mar 14, 2018 7:17pm

Posts: 14

6 helpful points

Location: Cabo Roig

Joined: 27 Dec 2017

Posted: Wed Mar 14, 2018 7:17pm

Hi not to put you off but it can take a while some estate agents can sort most things out you will need a good English speaking solicitor a Spanish bank account any thing you see and like if you put in an offer try and bid less than 14 to 15 per cent less than the asking price it will go some way towards your costs

Andrew65

Posted: Wed Mar 14, 2018 7:52pm

Andrew65

Very helpful member

Posts: 728

672 helpful points

Location: La Marina

Joined: 29 Dec 2016

Posted: Wed Mar 14, 2018 7:52pm

Ours completed in about six weeks but was a purchase from a bank so no chain. I would work on about 12% on top of purchase cost for costs.

josie13

Posted: Thu Mar 15, 2018 7:56am

Posts: 146

35 helpful points

Location: San Luis

Joined: 26 Jun 2016

Posted: Thu Mar 15, 2018 7:56am

JeffSu wrote on Wed Mar 14, 2018 4:06pm:

Hi, we're looking to buy in La Marina, coming over in about a months time to look at properties, can't wait, Jeff and Sue 😊

Hi jeffsu 

We moved to Spain in 2016.  We arrived 26th October. We had arranged to meet up with an estate agent the following day. We found a property he arranged for a solicitor  (who was brilliant  and cheap) she took us for our NIE no. He took us to open a bank account.  We moved into the property 5th December so all just under 6 weeks. We have never been happier since our move.

Good luck. 

Josie. 

Purdy

Posted: Thu Mar 15, 2018 2:53pm

Purdy

Helpful member

Posts: 46

67 helpful points

Location: La Marina

Joined: 3 Feb 2017

Posted: Thu Mar 15, 2018 2:53pm

JeffSu wrote on Wed Mar 14, 2018 4:06pm:

Hi, we're looking to buy in La Marina, coming over in about a months time to look at properties, can't wait, Jeff and Sue 😊

Over the years we have purchased 3 properties in Spain, time span ranging from about 6 weeks to 10 days! (that being our current property)  On the last purchase we used an English gestoria now based in Quesada who was brilliant because he knew we needed to move quickly (wasting money on rental at the time as having sold our previous property) If you want his details I would be only to happy to provide them for you. He offers a range of services that you would need. 

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Suse3

Posted: Thu Mar 15, 2018 3:01pm

Posts: 2

Location: Torrevieja

Joined: 12 Mar 2018

Posted: Thu Mar 15, 2018 3:01pm

Hi, that's very kind of you, it would be much appreciated. We are coming to spain in a few weeks just waiting for 

My wife's passport renewal to come back then we can come over many thanks jeff and Sue 

Purdy

Posted: Thu Mar 15, 2018 3:08pm

Purdy

Helpful member

Posts: 46

67 helpful points

Location: La Marina

Joined: 3 Feb 2017

Posted: Thu Mar 15, 2018 3:08pm

http://lancasterlegals.com       Pleased to help, we dealt with Pip. 

Ada

Posted: Sat Mar 17, 2018 9:11am

Ada

Helpful member

Posts: 421

234 helpful points

Location: Rojales

Joined: 4 Nov 2016

Posted: Sat Mar 17, 2018 9:11am

Previously bought one in two weeks and it could have been done in 7 days! but depends on circumstances make sure you get the cash over in time as this causes a lot of problems and be careful of bank charges for receiving money in Spain, Ciaxa bank for instance charge for anything over 25K deposited so can work out very expensive ask the question Sabadell were Ok, also they will try to get you to take out property insurance check be careful it's not worth it a lot of the time they will charge a large fee for issuing a bankers draft and say they will reduce the amount if you take out insurance.

Good luck

Doug 648

Posted: Sat Mar 17, 2018 10:16am

Posts: 14

6 helpful points

Location: Cabo Roig

Joined: 27 Dec 2017

Posted: Sat Mar 17, 2018 10:16am

We used smart MONEY

Pete249

Posted: Sun Mar 18, 2018 2:07am

Posts: 3

Location: La Marina

Joined: 18 Mar 2018

Posted: Sun Mar 18, 2018 2:07am

Hi all. This may be a silly question but to buy in spain would we need a british mortgage or spanish ? Also what amount of depoit is the minimum required ? (In % terms) thanks

Pete

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