How Long Does It Take to Complete on a Property in Spain? – Target Property Spain
Keith and Sophia from Target Property Spain answer one of the most common questions from buyers: “How long does it take to complete on a property?” The timeline for property completion can vary depending on whether you’re a cash buyer or seeking financing.
For cash buyers, the average completion time is typically 6 to 8 weeks. While there have been cases where completion happened in as little as 10 days, this is rare. Generally, 6 to 8 weeks allows sufficient time for all the necessary paperwork and processes to be finalized.
For those seeking mortgage financing, the process takes a bit longer. On average, 12 to 14 weeks is a realistic time frame. This includes waiting for the bank’s valuation and mortgage offer, as well as the cooling-off period that follows the signing of the mortgage agreement.
It’s important to note that when clients ask about completion times, they often mean how quickly they can take possession of their new property. While eagerness is understandable, Keith and Sophia advise not to rush the process. Let your Spanish property lawyer handle the details and trust that everything will be done correctly.
While waiting can be tough, ensuring all the proper steps are followed will lead to a smooth and hassle-free property purchase. Stay tuned for more helpful insights in our Two-Minute Tuesday series!
If you’re looking to buy property in Spain, contact Target Property Spain today for expert advice and guidance every step of the way.
4o mini
O