DESERT SPRINGS PROPERTY RESALES
OFFICIAL MARKETING PARTNER OF THE ALMANZORA GROUP S.L.
Purchase Contracts - an explanation
The Reservation (New Property)
On choosing your new home, a reservation form is signed and a deposit of 3.000euros paid, confirming the reservation period, price and terms. Your Reservation guarantees the property for you at the agreed price for 42 days from the time the developer sends the contracts. Mortgages from Spanish banks secured on the Spanish property are readily available at competitive terms. You may then decide the standard options, such as wall tiling, kitchen units, swimming pools and landscaping that you require. Most are in the price, but others such as furnishing will be extra.
The Reservation (Re-sale Property)
For re-sale properties the procedure is much quicker, after selecting your property a deposit of 5.000 euros is paid, securing the property and a guaranteed price for 14 days, after this period a further 10% is payable, less the 5.000 euros deposit with the balance paid at the notary, upon completion of the new title deed and receipt of the keys. The average time from reservation to completion on re-sale properties is 4/6 weeks. Many of the re-sale properties will be furnished and include extras, a/c units, fully equipped kitchens, landscaped gardens a home ready for immediate occupation.