HOW CAN I RESERVE A PROPERTY
To reserve a property that you wish to buy, it is necessary to pay a deposit of the total price (between 10% to 20%). The vendor will then consider the property sold and will take it off the market with the obligation to respect the agreed price. If the deposit is not paid from the beginning, there is the risk of loosing the property because the vendor may sell it to a third party. It is usual, when the deposit is paid, to sign at this time a private purchase contract or to order the purchase to our representative (Real Estate advisor ) with a document called "Contrato de mandato de compra". Both documents define the price, the conditions of payment, dates and other specifications of the purchase.
THE N.I.E.
These letters stand for 'Numero de Identificación para Extranjeros' (Foreigner Identity Number). You will obtain this document from the Ministerio del Interior via the Policía Nacional. You will have to fill in a form and present it together with your passport. This will take between three and four weeks to be issued. It is vital to apply for this document from the beginning because it will be required for all dealings with official entities, banks, etc.
Lopez Develop
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