Question
Curious about those who have bought a house in Spain. What was the timeframe from when you found it to the day you moved in? Is it weeks? Months? Many months? Interested in your experiences.
Answers
These are the answers of some Facebook group members:
“We had our offer accepted in mid-January and moved in mid-March. Good luck!”
“We found our house and moved in within two weeks…however it took another 6 months to actually go to settlement. There are often *many* roadblocks here and the RE agents and lawyers will push you to just go to closing. Stand firm! Go over every document with a fine tooth comb and make sure everything is exactly the way it needs to be before you close. Because once you’re closed, you really have no recourse.”
“These answers are pretty vague and generic.
Using the proper agent and attorney is key. Off plan properties can take 4 to 12 months, resale or completed new properties can take 60 days to close. Be warned of banks lending procedures, more deals are lost to bank difficulties. If paying all cash, this streamlines the process. BUT MOST importantly the agent and attorney should be vetted well. We’ve done several deals here in Marbella area, all were perfectly done no issues or delays or PRESSURE, because the team was fabulous”
“Our offer was accepted in early January. It took until early April to finalize. The previous owner had to correct a minor discrepancy in the escritura after our lawyer notified the owner about it.
We also had to get a mortgage in that timeframe.”
“Weeks. For a resale property, unoccupied, and and all cash purchase it was 8 or 9 weeks but easily could have been done in half that time had we not scheduled around travel and some other considerations.”
