There is only one way to buy safely in Spain!

  1. A step-by-step plan with safety measures including IGP inspection and secure payment method, see below
  2. Standardized contracts to prevent free interpretations that lead to errors and lack of clarity
  3. Not a lawyer from your country with a branch in Spain, but a Spanish-speaking notary or lawyer in your own country with the same norms and values who controls the process on your behalf and works in consultation with the Spanish colleague!

Step-by-step plan

  • Step 1

    VERBAL AGREEMENT

    A verbal agreement between you and the seller, whereby a price and payment method has been agreed (one-off payment, deferred payment, partial payments, etc.) as well as a possible delivery date.

  • Step 2

    LETTER OF INTENT

    Preferably do not sign a reservation contract or purchase agreement (opción de compra, contrato privado), but first sign a letter of intent with the help of a Spanish/English speaking notary or lawyer located in your own country, whereby you and the seller agree to complete the transaction. No risks and no major payments before you know whether the property is in order.

    In the letter of intent, agreements are recorded and the independent IGP inspection is included as a resolute condition to protect you and the seller from problems afterwards. But also, for example, that the seller does not offer the house to third parties during the agreed period and that you do not unnecessarily incur thousands of euros in lawyers’ fees for a house that appears to have unsolvable problems.

    After signing the letter of intent, you will deposit an amount in deposit into an independent third-party account (not the real estate agent or lawyer), an amount agreed with the seller. This deposit is deducted from the purchase price if the purchase takes place, and is refunded if the IGP inspection turns out to be negative and you cancel the purchase.

    Pay attention! A seller who does not allow an IGP inspection is very likely to face insoluble problems!

    Step 2

  • Step 3

    PURCHASE CONTRACT

    The IGP inspection has been discussed with your lawyer and approved. Now it is time to legalize the purchase  in the form of a contract.

    Preferably choose a lawyer who has signed the IGP integrity code and uses the IGP model agreements!

  • Step 4

    REGISTER

    In Spain the payment is made at the time of signature at the notary before the registration in your name in the so-called Registro Propiedad. This means uncertainty lasts for a few months unforeseen events could occur that delay the registration or even make it impossible. For example unwanted adjustments at the expense of the buyer, who although having paid is only the owner on paper and therefore cannot exercise owner’s rights, with all the consequences that entails.

    IGP therefore always recommends using the secure payment method, whereby the money is held in a notarial account or an independent bank deposit and only released under the condition that the property is registered in Registro de Propiedad in your name subject to the agreed conditions!

    Step 4

Schematic representation of the purchase