Depending on your objectives, residency goals, and tax considerations, IPTW will guide you through every step of the property purchase process.
Purchase Price Negotiation
IPTW leverages local market knowledge and a deep understanding of transaction dynamics to secure the best possible price for your property. We always prioritise maximising the return on investment for our clients.
Due Diligence
Our due diligence process ensures that all aspects of the transaction are in order, from verifying property titles and permissions to confirming that all outstanding property or vendor expenses are either up to date or deducted from the seller’s funds at closing.
Arras Contract
The arras contract is a private but legally enforceable pre-contract agreement. Typically, the purchaser pays a 10% deposit, securing anywhere from one to six months to finalise financing arrangements, complete searches and due diligence, and prepare for the transaction’s closure. If the buyer pulls out for reasons not covered in the contract, they forfeit their deposit. Conversely, if the seller pulls out, they must return the deposit plus an equal amount as compensation.
Financing
While financing offers are generally in place before the arras contract, finalising the details often occurs during this period. IPTW ensures that additional financial considerations, such as bank commissions and foreign exchange (FX) charges, are managed effectively to minimise costs—savings that can amount to thousands of euros.
Final Escritura
The final escritura (deed) is signed before a local notary, where all parties involved in the transaction gather to ensure the proper disbursement of funds. Attendees typically include the vendor, their mortgage provider, the real estate agent, the purchaser, their lender, and the building or community president, along with their respective advisors. This can be a complex process, but IPTW will be by your side to ensure everything proceeds smoothly.
Additional Resources
For a detailed overview of the property purchase process, download our comprehensive PDF guide or watch our explanatory video below (call to action).
To maximise the value of your property sale and ensure a smooth transaction, it’s essential to address several key factors:
Prepare Your Property
Before listing your property, invest in bringing it to the highest possible standard for sale. This includes tidying up any unsightly damages and ensuring all maintenance is up to date. A well-presented property attracts more buyers and can lead to a better sales price.
Set a Realistic Valuation
Valuing a property is inherently subjective, but an accurate valuation is critical to attracting serious buyers. Working with professionals ensures that your property is competitively priced while reflecting its true market value.
Ensure Bills Are Up to Date
Before selling, make sure all utility bills, community fees, and other obligations are current. Outstanding payments can delay the transaction or cause complications during the closing process.
Select Your Sales Agent Carefully
Choosing the right sales agent is crucial. A skilled agent with local market expertise can market your property effectively, negotiate on your behalf, and ensure a seamless transaction process.
By addressing these steps, you can increase the likelihood of achieving the best possible sales price and a hassle-free experience.
