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Reserve payments on Valencia Property

The Reserve Payment. Why It's Becoming Normal
2022-05-16 00:15:22

The Reserve Payment. Why It's Becoming Normal

This isn't going to be an epic long post like some of our recent ones but it is quite important as it explains a concept that we have mentioned in passing before but as it is now becoming more the norm you should know more about it. We are talking here about the concept of the reserve payment to take something off the market while the owner considers an offer. Traditionally the process of buying a Spanish property, which you can read more about at the link, was simple, make an offer, wait until it is accepted or negotiated and then put a deposit down in the Arras contract. Things have changed because of the market which is blowing really hot.

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