Buying a home is an exciting and significant process in many people’s lives. However, it is natural to have questions about how long does it take to buy a house.
At 1Mast, as a real estate agent in Malaga, we have grouped together the different steps involved in buying a home and will provide a detailed guide on the average time it takes to complete each stage. From searching for properties to signing the final contract, we will find out how long it takes to buy a house in Spain.
How long does it take to buy a house in Spain?
It is estimated that it can take up to 4 months to buy a property in Spain, making it a long and tedious process due to the bureaucracy involved.
This time frame includes everything related to finding financing and getting into the property, which means that we must add to this all the time we invest in visiting various properties and in adapting the property with renovations if necessary. Therefore, the process can take much longer.
Tips to speed up the process of buying a property in Spain
Despite this, it is possible to take action to reduce the time required for all the procedures involved in this type of transaction. At 1Mast we recommend the following:
Establish a clear budget
Before starting the search for your new home, it is essential that you establish a clear and realistic budget. Define how much you are willing to spend and consider factors such as your ability to pay, closing costs and the costs associated with the property. By having a clear budget from the outset, you will be able to focus your efforts on properties that are within your financial means.
Define your needs and preferences
Before you start looking for a home, it is important to be clear about your needs and preferences. Make a list of the essential elements you are looking for in a house, such as the number of rooms, location, size of the yard, etc. This will help you filter the options and focus on the properties that meet your requirements.
Make efficient visits
When you start visiting properties, try to do it efficiently. Plan your visits so that you can see several houses in one outing. Use online tools and consult your real estate agent for details about properties before you physically visit them. This will help you reduce the time spent visiting properties that don’t meet your criteria.
Prepare for the closing of the purchase
Closing is the final step in the home buying process. Prepare in advance and make sure you have all the necessary documents in order. Check with your real estate agent and mortgage lender for specific closing requirements. By having everything in order, you will be able to close the purchase quickly and smoothly.
Our extensive experience working with our clients in the real estate market has helped us to know that following these tips will make buying a home take less time.
Find your next home at 1Mast
We are convinced that by applying these tips you will be able to complete your home purchase much faster, reducing uncertainty and ensuring you make a successful purchase.
If you are interested in buying a property in Fuengirola, we can help you with our brokerage services where we always prioritise the satisfaction of both parties in the deal.
