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HOW TO BUY A HOUSE IN SPAIN
3rd May 2021REAL ESTATE, NEXUS GROUP, INFORMA. WHAT COSTS DOES THE PURCHASE OF A HOUSE GENERATE?
The purchase of a home generates a series of expenses for the buyer, which sometimes is not well known why or to whom they are paid, and which significantly increase the initial outlay that must be made to acquire the home. For this reason, it is convenient to distinguish:
Who do I pay?
To the seller, the purchase price of the home. In the event that before the execution of the deed we have delivered an amount on account of the price, or that we have delivered a signal, its amount will have to be deducted from the amount to be paid at the time of signing the contract. It may happen that to guarantee that the sale will be concluded, a deposit contract has been signed, and for this we have delivered an amount to the seller. In this case, such amount will be deducted from the price to be paid to the firm, taking into account that if the buyer decides not to buy, he will lose the amount, and that if the seller who backs out, he must return the amount doubled.
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