Ready to Buy or not, We can help you
IMMO BANCO IS WHERE YOU WILL FIND MANY BARGAIN PROPERTY OPPORTUNITIES
THIS IS DUE TO OUR VERY LOW SELLING COST FOR VENDORS
LET'S MAKE BUYING PROPERTY IN SPAIN A SAFE ENJOYABLE PROCESS WITH NO SURPRISES
Despite what you may hear from some people, we strongly recommend that a professional qualified Solicitor is used, without exception.
Some people will say that the Notaria will take care of everything, Not really true. A Solicitor is solely focused on ensuring your security in every element of the transaction process.
We recommend choosing your Solicitor should be your 1st step.
If you do not already have a Solicitor, please see our Solicitors Section
Buying property in Spain can be a very exciting time, although this can be enhanced or hindered by the level of professional support you receive.
We are a Property Bank, which means that we bring together, buyers, estate agents… and private sellers.
It also means that we have available many bargain price properties for sale, direct from the owners, and as we do not charge commissions, Vendors have the opportunity to be far more competitive and negotiable on price.
Cannot Find The Property You Want?
Enquire About Our Pro Active Property Finder Service
If we do not have the property you are looking for, please tell us your Requirements, preferred areas, budget and timescales etc.
We will then send our property finders calling on properties in those areas to find your perfect property.
Furthermore, we will not be adding commission to the owners asking price, so could prove a very viable opportunity for you.
This is our professional proactive property finding service for which we do not charge. Would you like us to find your perfect property...
If this is your first time buying a property in Spain… There are a number of points you should be aware of:
The 1st is that you need an NIE Number.
This is a National Identity Number which will allow you to open a bank account and to set up everything relating to buying your property in Spain.
We can organise this for you or alternatively you can contact a Gestoria in the area you are buying a Spanish property.
What Costs Are Involved When Buying Property in Spain?
Generally, your associated costs of buying a property in Spain will be around 12-13% including taxes and all fees.
Making an offer.
All offers should be made to us in writing via email. .
We will then advise the owners who will then contact you.
Once an offer is agreed, you will want to secure the property and for it to be removed from the market.
To achieve this, immediately exchange solicitors details with the owners.
An initial reservation deposit is payable, normally around 3,000€ which we recommend is paid direct to your Solicitor, who will advise the vendor’s solicitors to commence..
This deposit is normally non-returnable, unless there are any issues identified with the property by your solicitor, or in the event that the vendor fails to proceed..
Following this a Private Contract will be drawn up at which point a 10% deposit will be paid, less the initial deposit.
Any checks should have been completed by this stage by your solicitor, who must be satisfied on all points for you to make this payment and proceed.
If you need a mortgage, you should explore this in advance of finding your property so as to be fully aware of what can be available to you.
Mortgages in Spain generally require a deposit of 30%.
Areas and Locations
Everybody seeking property for sale in Spain, has their own preferences.
Maybe you want tranquil, maybe you prefer in a town, maybe easy access to amenities is important, close to the beach or the golf course.
To be confident when purchasing a property in Spain, you should be confident that you have selected the area that satisfies your needs and preferences... or at least as close as is possible.
Area Familiarisation Service in many areas.
This means that we will tour you within the areas of your preference to identify the Villages or towns you prefer, whether Coastal or inland, busy or tranquil, you will then be in a position of greater confidence when you are selecting properties to view.