Frequently Asked Questions

We understand that buying or selling a property can be a complex and daunting process, and you might have many questions along the way. That’s why we have compiled a list of frequently asked questions to help address any concerns you may have. 

Whether you’re a first-time buyer, a seasoned investor, or a seller looking to get the best value for your property, we’re here to provide you with the information you need to make informed decisions. Take a look at our FAQ section and feel free to reach out to us if you have any additional questions or concerns.

Buying Process – Step By Step

  • Our goal is to provide exceptional customer service by listening and assisting clients in finding their dream home through a personalised approach.
  • Partnering with a real estate agent who prioritises your needs and actively 
  • supports you in finding your ideal home.
  • Schedule and attend viewings at your own pace to ensure you find a property that feels right for you, without any pressure from your agent.
  • Ensure your finances are in order before making an offer, including obtaining a mortgage if needed, which typically requires a minimum of 14 days for approval and a property valuation.
  • Once an offer is accepted and finances are secured, the next stage is signing a contract. At IHI, we use an Arras Penitenciales agreement, providing complete transparency for all parties involved.

Selling Process – Step By Step 

  • Initiate contact with your preferred agent and schedule an appointment.
  • Schedule a house inspection with your agent to assess your property’s condition
  • Obtain a free and accurate property valuation from us to determine the current market price value.
  • Carefully read through the contract before signing to ensure you understand and agree to all the terms.
  • Sign and submit all necessary documentation, such as data protection, sale assignment, and seller information, as required by your agent.
  • Provide the agent with any additional requested documentation, including a copy of the receipt of community costs, IBI, passport, NIE, etc.
  • Upon arrival, we will capture high-quality photographs and videos of your property, which will be strategically marketed online to attract potential buyers.
  • The agent will then start conducting viewings of your property to potential buyers.
  • Once a buyer is found, the agent will facilitate the sale of your property.

What will the additional costs be?

Additional costs are involved when purchasing a property. For more information about these costs, please refer to our detailed guide available here:

Overview of costs related to property In Gran Canaria

Is the offer I gave binding?

In Spain, offers made on properties are non-binding. If you want to learn more about the bidding process in Spain, feel free to read more here:

Buying Guide – The bidding round

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