Will I need a Spanish Bank Account?
Again yes. The Agent will introduce you to a local Bank of your choice and assist you in the procedure of opening a Spanish bank account in your name into which you can thereafter transfer funds. This should be done once you have agreed to purchase. You will then need to have deposited enough to cover the initial deposit.
Before the purchasing transaction has been finalized, your account should have sufficient funds deposited to cover the agreed price and the inevitable expenses, usually between 8% and 10% of the purchase price to cover the Lawyer, Notary, Property, Registration, license fees, etc. The Agent could also assist in obtaining mortgage facilities should this be required.