20 YEAR SAFE PURCHASE
GUARANTEE at no cost to you. All our
properties are covered by this Title-
Guarantee, which provides cover for
costs, solicitor’s fees and expenses in
defending title relating to the covered
risk, up to the purchase price stated in
your Escritura, limited to 360.000 EUR.
We, as an accredited Estate Agent with
the exclusive “Safe Purchase Brand” are
giving you this Quality Brand Guarantee.
The premium for this insurance is paid
by our company and the policy is issued in the buyer’s name. EstateCanaria

Real Estate Agency on Gran Canaria

 EstateCanaria.com EstateCanaria.de EstateCanaria.es EstateCanaria.dk EstateCanaria.no EstateCanaria.se
 

Making An Offer

Missing out on a property that you have your heart set on can be a very disappointing experience.  Quite often this happens because the offer process is misunderstood.  When making an offer to purchase a property, it is important to be aware of the following:

Begin by putting in a reasonably ‘cheeky’ offer but be prepared to increase. Do your own research. Take a good look at property in the area and how much is being asked, offered and agreed on. You might start by offering 10 to 15% less than the asking price but be prepared to settle for a reduction of 5% or nothing at all.

Do not put in a ridiculously low offer on the basis that you might be lucky – this wastes everybody’s time. Be aware - it is almost impossible to negotiate a reduction on bank repossessions as they are already offered at a rick bottom price.

You can make your offer conditional on certain terms (such as a dishwasher or furniture) being included or excluded from the contract.  Any special conditions such as these can be written into the description in the form below so we can tell it to the sellers.

An offer is not legally binding on both parties until the buyer and the seller have signed a Options contract and a deposit paid. A Contract must contain details of the property, the price, deposit and settlement terms. Once the offer is made, it's up to the seller whether or not to accept it.

Counteroffers

Once you make an offer, the seller has the option to accept it as is, reject it or make a counteroffer proposal. If the sellers want to change some of the terms of the offer, they will make a counteroffer. It then becomes your decision whether the counteroffer is acceptable or not.

For example, the seller may counter with a higher sale price. Or, they may change or delete some of your contingencies. Or, the seller may exclude a piece of personal property that you wanted included in the sale, such as appliances.

If you receive a counteroffer, you have the option of accepting or rejecting it — or making another counteroffer. This is the negotiation process that leads to a final offer that both parties agree upon.

Complete the online form with the property (Ref.nr.) for sale and your own details. When we have received the offer we will go to the owner with your request.

Form fields marked with and * are required.

Property info:  
   
I want to give an offer at: *
Price offer: *
   
Your info:  
   
Name: *
Last Name: *
Telephone: *
E-mail: *
Address: *
Postcode: *   City:
Country: *
   
Description:
   
Terms and conditions:

Once you have the accept from the seller, the EstateCanaria will often ask for a small reservation fee, usually 3000 Euros, to take it off the market whilst a private sale/purchase contract is drawn up. This forms part of the balance of the deposit due.

This private contract, between buyer and seller, should contain details of the agreed purchase price, the deposit payment, provision for payment of the outstanding balance, any extras, e.g. furniture, the intended completion date and all other relevant terms and conditions.

A specific clause (called an arras) may be included with a financial penalty should either party default on the terms of the contract. In the case of the seller they would return the deposit and forfeit an equivalent sum, i.e. give the buyer double the deposit. If the buyer pulls out they lose the deposit paid.

It is important that your lawyer/accountants checks the contract before it is signed to ensure it protects your interests. To be legally accepted in Spain the contract must be written in Spanish. Sometimes it is produced in dual language but you can always ask your lawyer/accountants for it to be translated. Always check if there will be an additional charge for this service as it may be more cost effective to have it translated privately.

Once the contract is signed by both parties and you have paid the deposit there is then a binding agreement between buyer and seller. (We recommend you to use an lawyer/accountants to do all the paperwork)
 
I agree  ( Remember to check the box if you agree terms and conditions. )
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When we receive the form above we will contact the seller to give them your offer and will come back to you a.s.a.p..

If you want to speak with us before you agree to the terms & conditions above contact us.

Read also our Buying Guide

   
   
   

Copyright © 2007 -  EstateCanaria. All rights reserved. | Tel: +34 628 35 20 74 | Email: info@estatecanaria.com | Website: http://www.estatecanaria.com


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