Holding deposit and option to purchase

The agent will require a holding deposit to take the property off the market once you have agreed to the conditions and terms. The deposit varies, depending on the price of the property, this will be an amount of between 5,000 and 10,000 euros.

Everything will be handled by a property lawyer who specialises in drafting contracts. In the unlikely event that you had already received a recommendation for a lawyer, the Choose Marbella recommended lawyers will be more than happy to provide you with a local law firm that is acquainted with the area and its nuances.

In tandem with Choose Marbella, the lawyer will conduct a thorough legal investigation of the property. When this is completed, a multi-sig options contract is signed. The standard amount to pay is 10% of the total purchase price. Everything necessary to purchase the goods has been covered in this contract, and a date for the final handover/completion has been established.