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How much to offer on a Spanish property?

Having decided to buy a property in Spain and then found a suitable property that you are interested in, it is usual to have some doubts about the amount that you should initially offer to the seller. How much to offer on a Spanish property?

Even though in Spain we are not in the habit of thinking of an initial offer 10% lower than the initial price as a standard step –such as happens in other countries-, it is not unusual at all that the final sales price is lower than the price initially requested by the seller, especially when the property is a resale property.
Discounts on new build properties are rather less frequent.

There could be plenty of circumstances that are conducive to making a ‘cheeky’ offer and by how much below the asking price such as:

  • the age of the property,
  • its condition at the time of the sale,
  • the area in which it is located,
  • the demand in that area and price of similar properties, and, of course,
  • the seller’s need to sell (which we cannot normally know).

You also need to factor in the total costs of buying a property in Spain which of course, must always include a consideration of property taxes in Spain.

In any case, the assistance of independent professionals in Spain will assist you in determining the importance and relevance of the above issues to the property you are interested in making an offer on.

Typically your lawyer and an architect will help you by arranging a report on the Spanish property you are buying that can answer the above questions and help you to make an appropriate offer taking into consideration all of the above, through to negotiating with the vendor.

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Property Purchase

Available in the following locations: Alicante, Barcelona, Benidorm, Cadiz, Castellon, Córdoba, El Campello, Estepona, Fuengirola, Gandia, Girona, Granada, Jaen, L`Eliana, La Manga del Mar Menor, Las Palmas, Los Alcázares, Los Cristianos, Madrid, Malaga, Marbella, Maspalomas, Mazarron, Murcia, Nerja, Orihuela Costa, Oviedo, Palma de Mallorca, Puerto del Rosario, Puzol, Seville, Torrevieja, Valencia, Velez Malaga, Vigo, Zaragoza.

* If your local town is not listed, a lawyer from our nearest office will be happy to assist you.

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1Who is this Service for?

Buying property abroad is a very popular activity but can be fraught with dangers.

Given that the purchase of a property is one of the most important investments that most people will make in their lifetime, it is crucial to be advised by an independent expert.

2What does this service consist of?

  • Review of the purchase contract.
  • Management of negotiations and counter-offers.
  • Verification that the seller is able to pass good title.
  • Registry search to ensure property free of any charges or other mortgages.
  • Ensure outstanding taxes on the property are up-to-date before transfer.
  • Make sure that all items included in the sale (fixtures and fittings etc.).
  • Attendance and assistance when signing the deeds of the property.
  • Management of negotiations and counter-offers
  • In depth information about schools, sports clubs, shops, cultural organisations, etc.
  • Payment of stamp duty.
Support services

3Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your professional.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.

Why choose Advocate Abroad?

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