Closing the deal.
Spanish closings follow a predictable sequence. Here is what to expect between offer acceptance and deed registration.
Offer & reservation.
Once the seller accepts your offer, a reservation deposit of 1% typically locks the property while legal due diligence begins. The property is withdrawn from the market.
Due diligence & contract.
Your lawyer reviews the title, registry, urbanisation status, licences, outstanding community fees, and taxes. A private purchase contract (contrato de arras) is signed with a 10% deposit, binding both parties.
Closing at the notary.
The public deed (escritura pública) is signed before a Spanish notary. The remaining balance is transferred. If you cannot attend in person, a power of attorney allows your lawyer to sign on your behalf.
Registration.
The deed is registered with the Land Registry (Registro de la Propiedad). You receive a certified copy. All utility accounts are transferred into your name. Keys exchanged.
Remote closings are routine.
Most international clients close via power of attorney without ever travelling to Spain for signing. We coordinate every document.