Once a purchase price has been agreed, the reservation contract is drawn up. A reservation deposit of 3,000€ - 5,000€, depending on the purchase price, is payable into our client account to take the property off the market. Your solicitor has now time to check the paperwork.
Approximately 2 weeks after signing the reservation contract, the private purchase contract is drawn up. At this point you will pay the 10% deposit and the date for completion is set. If the property is sold furnished we will take an inventory.
The last step is the completion of sale which takes place at a Notary. You will pay the remainder of the purchase price, normally in form of a banker's draft.
The following documents are needed to draw up the reservation contract: