Posted: Thu Aug 6, 2020 9:34am
Hi Suelanza,
We bought our villa with Mercer’s, who seem to be the largest estate agent on Camposol. We dealt with Sam, she was clear to us when we were buying that we would need to put an initial holding deposit down and shortly afterwards make this up to 10% of the purchase price. We were told if we then pull out of the sale we would lose our deposit but if the vendor was to pull out, they would have to pay us 10% plus an additional 10% (20%). We were told these are the rules in Spain when buying property.
We didn’t have any problems as we completed the sale, but that is what we were told.
Paul&Sandra