If you wish to proceed with the purchase
the following steps must be adopted:
We must draft a Private contract to secure the sale and you would have to transfer a deposit of 10% of the purchase price, first to your account in a local bank and from there an internal transfer to the account designated by the Vendor.
Set a fixed date for the Completion before the Notary Public for which you must either come to Mojácar to sign yourself or issue a Power of Attorney to one of us, to buy on your behalf. This is a very simple procedure for which you would have to go to a Spanish Consulate to sign the Power of Attorney and we would send you all the relevant details. Obviously if you combine a short holiday with the completion date, all the better. The normal time between the signing of the private contract and the Title Deed is 4-6 weeks.
Payment of the Balance: The balance must be paid simultaneously to the signing of the Title Deed. If you were still interested in taking on the existing mortgage then obviously the balance would be reduced. This amount must be in your account by the date of completion.