Buying with Efficax

• Our agents are dedicated to you and your interest.
• Our agents can show all new projects and resale properties in the market.
• Our agents and office managers have extensive experience.
• Our office personnel will support you through the whole process.
• We are there for you from start to finish - also after your purchase.
• We come highly recommended

Be truthful to yourself and your agent about what you want, what’s most important to you and we will search for properties fitting your description. The more specific you are, the easier it will be for us to find the right property before you come to Spain. Once you make a criteria list with one of our agents, they will start looking within our system and with our collaborating agents for suitable properties.

We start putting together a viewing list on specific listings before you come to Spain and discuss the potential properties with you. That way we make sure that your time here is not wasted looking at undesirable properties.

Viewings

Your assigned agent is solely dedicated to your interests. That means he will show you a variety of properties, help negotiate prices, advise you and help you in every step on the way. Normally we set a side a period of between 1-3 days for each client, depending on how well you already know the areas and how many properties you would like to see. Viewings are completely free of cost and there is no pressure on purchasing.

During the viewing it is important to be clear on what you like and what you don’t like.

That gives the agent the possibility to change the viewing list as you go along and perhaps find the right property that was not already on the list. From experience we know your criteria can easily change once you start the viewing.

Negotations

Making an offer on a property in Spain is more similar to a direct negotiation. Pricing of properties is not in a standardised system here in Spain, so some properties might be very well priced and some overpriced. Once you found one or more properties you like, consult with your agent and make a strategic plan together. They have experience dealing with different nationalities and know the market and the correct prices.

Reservation contract

After the price and terms are agreed with the seller, the agent or your solicitor will draw up an reservation contract. This contract states the terms agreed and reserves the property off the market. Normally it requires a reservation payment of 3000€ to 6000€ or up to 10% transferred to the seller or the seller’s solicitor.

When we have checked that everything is in order regarding property documentation we arrange a date for completion at the Notary, where the final completion of the sale will take place and signed by both parties.

Pre-completion

The period after the reservation contract is signed until completion normally takes 40-60 days. Before you take the final step to purchase the property we always recommend having a local lawyer or solicitor. They will represent you and your interest throughout the process of purchase. We know several solicitors we can recommend you if you don’t already have one.

• They will validate the property documentation.
• Apply for NIE (if you are a foreign resident).
• Open a Spanish bank account in your name.
•  Advise on mortgages.
•  Advise on heritage and will.
• Assist you or sign the title deed at the Notary on your behalf.
• Change Water and electricity contracts to you name.