Saturday, 6 September 2008

Phase Three: The sale

The sale: 'We are buying a house on La Palma.'

Once you have seen a house that you would like to buy we will negociate with the owner on the price.
In some cases the price is fixed and the owner will not, or cannot, negociate.
In other cases the owners are sometimes prepared to accept a slightly lower price.

We will acquire relevant official information about the property to check that the information presented by the owner or his representative is correct. Where available we will check future plans for the area.

Once all parties have reached agreement the normal procedure is to sign a pre-contract.

The pre-contract is your security that the owner will sell to you, and his security that you will actually buy the property. A 10% deposit is normally a condition of the pre-contract. A sale date is stipulated in the pre-contract, this is usually within 2 months but sometimes a longer period can be agreed.
This period enables you to set up a bank account, obtain a NIE number, make money available and move it to your bank on La Palma.

Prior to signing the pre-contract we will have checked all documentation of the owner and the property to ensure that the property is correctly registered and that the owner is the sole legal owner. In the case of older properties some extra documentation may be required, this will be done before the actual sale at the notary.

We will arrange the paperwork for the final sale and check it through with the notaries office, we will make the appointment at the notary and be there to guide you through the sale. Where needed we can translate and explain the documents.

We can provide some after sales services, such as arranging telephone connections, changing names and bank details for amenities and making contact with builders, gardeners and cleaners.

Our estate agent website is www.livingonlapalma.com