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What is Earnest Money Contract in Spain?

In Spain, an Earnest Money Contract is a written agreement that is signed prior to the purchase of a property. This document serves as proof of willingness to transfer said property from the Seller to the Purchaser. The reservation of the property is therefore made effective by signing the Earnest Money Contract, in which the property price is also settled upon. Due to it being legally binding, this document must be drafted or reviewed by a Real Estate Legal Advisor before it is signed.

Do you need a specialised attorney to draft, review or assist you at the signing of your earnest money contract in Spain? Contact Savloir. We are a specialist team, at your service.

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