Camposol
Posted: Tue Mar 3, 2020 2:25pm
Hi all,how much deposit is needed to secure a deal on a property.We are viewing next week from the Uk.Advice would be much appreciated thanks .
Usually 10% - we only paid this when our lawyer advised all was ok - do not pay the deposit to the estate agent.
Posted: Tue Mar 3, 2020 2:47pm
Hi Vanessa. I have bought a number of properties. You normally pay 3,000 euros. You might be asked for more but 3,000 euros is standard and accepted across the board. If you pull out of the deal once you have handed over the money then you will lose the deposit, so don't sign anything or hand it over unless you are sure you want to buy. Always use a lawyer who will help you with this.
Posted: Tue Mar 3, 2020 2:51pm
Caroline666 wrote on Tue Mar 3, 2020 2:47pm:
Hi Vanessa. I have bought a number of properties. You normally pay 3,000 euros. You might be asked for more but 3,000 euros is standard and accepted across the board. If you pull out of the deal once you have handed over the money then you will lose the deposit, so don't sign an...
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...ything or hand it over unless you are sure you want to buy. Always use a lawyer who will help you with this.
Thanks Jaz advice much appreciated once again
Posted: Tue Mar 3, 2020 2:53pm
Vanessa1957 wrote on Tue Mar 3, 2020 2:51pm:
Thanks Jaz advice much appreciated once again
Thanks Caroline will do
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Vanessa1957 wrote on Tue Mar 3, 2020 2:53pm:
Thanks Caroline will do
When we bought last year it was 10%. All monies handled by our solicitor. We we told that the 10% is non refundable if the buyer pulls out, if seller plus out they pay the buyer double the deposit back. Thankfully never had to put that to the test. From finding the house to getting the keys could have been less than 2 months if Easter hadn't got in the way 😖
N 2
Posted: Tue Mar 3, 2020 5:01pm
PhilTox wrote on Tue Mar 3, 2020 3:52pm:
When we bought last year it was 10%. All monies handled by our solicitor. We we told that the 10% is non refundable if the buyer pulls out, if seller plus out they pay the buyer double the deposit back. Thankfully never had to put that to the test. From finding the house to getting th...
Read more...
...e keys could have been less than 2 months if Easter hadn't got in the way 😖
N 2
Thanks Philtox
Posted: Wed Mar 4, 2020 11:32am
Don't forget to put an additional 12% aside of the cost for legal and tax costs.
Posted: Wed Mar 4, 2020 12:37pm
PhilTox wrote on Tue Mar 3, 2020 3:52pm:
When we bought last year it was 10%. All monies handled by our solicitor. We we told that the 10% is non refundable if the buyer pulls out, if seller plus out they pay the buyer double the deposit back. Thankfully never had to put that to the test. From finding the house to getting th...
Read more...
...e keys could have been less than 2 months if Easter hadn't got in the way 😖
N 2
Hi. We also put €3000 down as a deposit. This gave us 3 months to complete. Same as Philtox, all went through smoothly, with excellent communication from our solicitors (Fusters) and our agents (Condado Invest). Have lived in the same house in UK for 36 years, so was a bit apprehensive, but no need. Everything sailed through. Good luck on your search.
Posted: Wed Mar 4, 2020 12:43pm
safcjacquie wrote on Wed Mar 4, 2020 12:37pm:
Hi. We also put €3000 down as a deposit. This gave us 3 months to complete. Same as Philtox, all went through smoothly, with excellent communication from our solicitors (Fusters) and our agents (Condado Invest). Have lived in the same house in UK for 36 years, so was a bit apprehensive, but no ...
Read more...
...need. Everything sailed through. Good luck on your search.
Will do thanks Piglet57
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