Reserving a Property on the Costa del Sol
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A happy family outside a typical Andalusian villa, ready to reserve their new home

Reserving a Property on the Costa del Sol

Once you’ve found a property you want to buy, the next step is to reserve it. This removes the property from the market and sets the wheels in motion for your purchase.

Making an Offer

Before a reservation can be completed, we’ll need the following details to present to the seller:

  • Your offer amount
  • Inclusions (e.g. furniture, fittings, etc.)
  • Proposed timescale – typically, 4–6 weeks to completion, with a private purchase contract and 10% deposit after 2 weeks
  • Confirmation of your financial position – Spanish purchases are rarely agreed subject to mortgage, so clarity is essential. We can help arrange finance if needed.

The Reservation Agreement

Once your offer is accepted, we’ll prepare the reservation agreement. A sample is available on request. This document confirms:

  • The agreed price and terms
  • Any special conditions
  • The agreed timeline for the transaction

We’ll require the following from all buyers:

  • Full names and ID (passport, NIE, or DNI)
  • Email addresses for each party (or joint for couples)

Digital Signatures Made Easy

We use SignEasy, a secure, user-friendly digital signature platform. You can sign on your phone, tablet or computer — it’s simple, even if you’re not tech-savvy.

Reservation Deposit

The reservation deposit is typically non-refundable, but it is held in our client account as stakeholders. The seller must be able to deliver clear legal title. If any legal issue arises during due diligence that prevents you from proceeding, your deposit will be refunded.

The agreement becomes effective once both parties have signed and we receive the deposit (or valid proof of transfer). We allow 24 hours to transfer funds — or until noon Monday if signed over a weekend.

Peace of Mind

We do not retain any part of the deposit ourselves. If the sale doesn’t proceed, the funds are released as agreed between buyer and seller. The process is transparent, and we’re happy to walk you through every detail.

You should never feel pressured — signing the agreement and transferring the deposit is always your decision.

Download a sample reservation document

If you have questions or need assistance, call us on (+34) 952 90 52 00 or email info@michael-moon.com. We’re here to make your journey smooth, safe, and stress-free.

Frequently Asked Questions

Is the reservation deposit refundable?

Normally, it is non-refundable. However, if a legal issue is uncovered during due diligence and you decide not to proceed, the deposit will be returned in full.

Can I sign the agreement from abroad?

Yes. We use a secure digital system that allows you to sign documents from your phone or computer anywhere in the world.

How quickly do I need to send the deposit?

We usually allow 24 hours from signing, or until noon Monday if the agreement is signed over a weekend.

Where is the deposit held?

It is held in our client account as stakeholders. We do not retain it ourselves, and it is only released by mutual agreement.

What happens after I reserve a property?

We move forward to the private purchase contract stage — typically signed within two weeks with a 10% deposit. Your lawyer will conduct legal checks in the meantime.

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