Once you have found a Las Palmas property that you like, the purchase process is as follows:
Discuss your offer strategy with your agent and confirm if there are any conditions that you would like to make as a part of the offer e.g. repairs are required to the property.
Once you have settled on a price you pay a small deposit dependent on the value of the property and make the offer in writing, usually at the selling agent’s office.
Your agent prepares the offer document for you to sign. This sets out your details, the details of the property, the amount that you are offering for it and any conditions, the time period that the offer will be valid for, the time after the offer is accepted in which you will enter into an Arras agreement and the fact that you have paid a deposit in order to make the offer.
If you pay the asking price, you are effectively reserving the property. Your agent will then pass on the offer to the owner through their agent. [Read more…]