I’m Laura Leyshon and I’m Las Palmas’ resident property expert. I work for RE/MAX Cony Overseas, one of the city’s oldest estate agencies and the first RE/MAX office to open in Europe. Cony Overseas has an excellent local reputation and has helped hundreds of foreign buyers and sellers in Las Palmas and all over Gran […]
Las Palmas Property: What Happens To Your Money When You Buy
The scariest part of buying a Las Palmas property is when you start to transfer money.
Where exactly is it going? And is it safe?
In fact, it’s not as daunting as it seems, especially if you know exactly what to do and when. [Read more…]
Buying A Las Palmas Property: The Process
Once you have found a Las Palmas property that you like, the purchase process is as follows:
Offer/Reserve
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…]
