BUYING A PROPERTY WITH CALLOW ESTATES
Exploring the best modern, off plan projects between Marbella and Sotogrande
Our experienced Callow Estates sales agents will work along side you to find the finest properties in the best locations to suit your requirement. There are plenty of developments on the market so trust Callow Estates to deliver only the relevant projects so that you can enjoy the buying experience.
In order to secure the property you will have to pay a reservation fee, normally to the amount of €6,000 + IVA. This will remove the property from the market so that no other buyer has access to it but more importantly holds the purchase price.
This is the moment that both parties sign the Private Purchase Contact (PPC) which means both the buyer and the seller are legally bound to complete the purchase. A deposit is payable at this moment between 20% and 30% of the sale price + IVA. The PPC is typically signed 20-30 days after the reservation deposit is paid.
Sometimes the payment plan requests that the buyer pays a percentage of the purchase cost mid-construction. Typically, depending on the stage of construction this is 6 months after signing the PPC or fixed on a certain point in construction e.g. finishing the structure to the roof level. This would normally be a further 10-20% + IVA.
An exciting day for all! Both parties attend a meeting at the Public Notary where the final balance is paid + IVA. At this moment you become the official owner of your brand new home and receive the keys.