Spanish properties listing. Description by default
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Resale properties

The one advantage when buying a resale property is that when you have chosen the property you wish to buy you can receive the keys within 1 or 2 weeks. When you are buying a resale you will be required to have a search done, similar to the one you have in England, to make sure there are no outstanding bills etc. but this should only take about a week. You are then required to go the notary to sign contracts and pay the balance, your tax is also paid at this time. Tax is always the same in Spain (7%) and again you can add on another 3% for legal fees etc.

Once you have chosen your resale property you will be required to pay a non refundable 3,000 deposit (normally held for 1-3 months). This holding deposit is held by the agent, but is used as a guarantee for the vendor. If for any reason you do not go through with the purchase you will lose this, but providing you go through with the sale the 3,000 will come off the asking price. A mortgage can also be arranged on resale properties up to 80%.

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