The sales process step by step.
Michelle Newman-Bendel
Michelle Newman-Bendel
A brief and simplified explanation of the process of selling a property:
Step 1 - The Offer
When the buyer has decided to buy your property, delivery of the Offer will occur. This is the legal mechanism used for the buyer to inform the seller that they are interested in purchasing the property and the price they are willing to pay.
The Real Estate Agent of the buyer is the person in charge of guiding the buyer in creating this document. This Offer must incorporate the approval letter for the mortgage if applicable. If the purchase is to be made in cash, it must include a bank statement corresponding to the funds to be used by the buyer.
Step 2 - Acceptance of the Offer
If the Offer is agreeable to you, instructions will be given to a "Title House" to create all pertinent documentation regarding the transfer of the property; specialized lawyers do this. To do this, the buyer must reserve the property he wishes to buy by paying a percentage of the amount, which usually ranges between 5% and 10% of the final amount of the Offer. This money is placed in a security deposit (Escrow Money Deposit). If it is a building in the pre-construction stage, the procedure could vary.
Step 3 - The Closing
Once the lawyers have thoroughly studied the property's title, a date will be set for the signing of the sale contract. At the time of signing, the buyer will deliver the payment for the remaining amount, and the seller will transfer the title to the new buyer.
Con casi tres décadas de experiencia en la Costa del Sol, Michelle Newman-Bendel acompaña a compradores y vendedores con un enfoque cercano, profesional y completamente personalizado. Su profundo conocimiento del mercado, combinado con una atención meticulosa a cada detalle, le permite ayudar a sus clientes a tomar decisiones con confianza y tranquilidad.
Desde Málaga hasta Sotogrande, Michelle trabaja para que cada proceso inmobiliario sea lo más claro, fluido y exitoso posible. Conoce más sobre Michelle
What if you increase the value of your property?
The condition of your property plays a crucial role in your visual assessment. The property must be renovated to impress potential buyers.
Who pays the commissions the Agent?
A Real Estate Agent is an advisor specializing in buying and selling residential and commercial property.
Do I need to sell first in order to buy?
The real estate advisor will ask you a series of critical questions during the initial meeting to advise you on, depending on your situation, what is the best way to do the operation. So that you are prepared, I share some examples:
