THE PURCHASING PROCESS

Real Estate Agents

Your first contact when you decide to buy property in Spain will almost certainly be the estate agent. In many countries, an estate agent is a registered professional who can be held financially responsible if he intermediates in a sale and the terms later turn out to be falsely based.

In Spain, anyone at all may act as intermediary in property sales.

After a new law in the start of year 2008 ( Decreto 218 ), it obligate the real estate agents to hold documentation like Title Deed, Nota Simple in there office, if any client wish to confirm the real estate information’s.

Estate agents usually ask for between 5% and 10% of the purchase price as their commission.

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