Buying a property in Ibiza is for many an important step. There are many locations on earth, where you find sun, sea and beach. But you’ll never find a place that will release your inner hippie.
When you plan to buy a house or apartment in Ibiza, we can help you with the selection and the visits. If you are enthusiastic about a property for sale, you can make an offer. If we do our work well, we’ll get an agreement on price terms and conditions. Look at our selection of Ibiza properties for sale.
Property for sale Ibiza
After that our team with a Spanish lawyer will make sure that all documents are in place; the original deed, what was done with renovations, are the invoices in place, is there still a guarantee on the works etc. If we reached an agreement with the buyer and seller we can go to the next step. Still, at this stage, nothing is locked.
Contracto Privado de Compraventa
After a mutual agreement on the price, terms, and conditions it’s time to make the private contract also called a pre-sale contract. To purchase a property for sale, the private contract is an agreement between the buyer and the seller which contains all the relevant details of the purchase. The private contract will normally be subject to legal checks and this can influence the signing of the private contract. We have a local lawyer to guide you through this whole process. Laws and regulations are changing every year in Ibiza and a local lawyer will know what is best to do.
Deposit property for sale Ibiza
The deposit on a property in Ibiza is normally 10% of the agreed purchase price after signing the private contract. After the signing, the deposit has to be paid within 7 days on the agreed account. Within the private contract there is a clause that says if the buyer withdraws from the sale, the deposit is lost. If the seller withdraws from the sale, the seller has to compensate the buyer twice the deposit. It is not strange in Spain that the deposit is paid on the seller’s bank account. But depositing on the account of the gestor, notary or escrow account is also often used. And more safe for you.
Another possibility to buy a property for sale in Ibiza is with a reservation contract. For a relatively small amount ( between 2.500 – 10.000 euro) the house can be taken off the market. This will give the buyer and the seller more of a commitment towards the draft and finishing of the private contract. It’s important that the buyer is aware that if the private contract isn’t going to be drafted and signed the reservation amount could be lost or if the seller doesn’t want to sell anymore all made costs could be for the part of the seller.
In the private contract, there is an agreement for the completion date. On this date, we have the transmission of the property at the notary. The buyer has to pay the balance of the purchase price and all fees, including notary fees, taxes and stamp duties. The Public Deed will be signed by both buyer and seller in the witness of the Notary and your legal adviser. Payments are made by bank check or wire transfer.
Ab and Jo have built up their Ibiza network with local agencies after twelve years in Ibiza. In our Ibiza portfolio, we offer Ibiza finca’s, villa’s and apartments directly from the owner. Of course, we guide you, also on Ibiza from viewing to transfer. The trusted services we deliver on the Cote d’Azur and in Paris, guarantee you a professional approach and settlement. For those who want to spend a wonderful relaxing holiday – whether or not with small children – Ibiza is the right destination. Cosy, safe and a wonderful ambience with many familiar faces of people who understand the magic of the island. Hasta la vista, baby!