Buying Guide – The bidding process

At International Home Investments, we understand that buying a house is a significant investment, and we strive to make the process as smooth and stress-free as possible for our clients. One crucial aspect of the buying process is handling bids and offers.

In Spain, the real estate market is not regulated, meaning that the rules for handling bids and offers can vary. At IHI, we have a standard process that we follow to ensure transparency and fairness for all parties involved.

When we receive an offer on a property, our first step is to present it to the seller. The seller then has the option to accept the offer, reject it, or make a counteroffer. We work closely with both parties to ensure that negotiations are conducted professionally and respectfully.

In most cases, it’s rare that there are more than one bidder at the same time. As open house and dealing with more than one client at the time is the normal practice. However, if multiple offers are received at the same time, we will work with the seller to determine the best course of action.

It’s important to note that bids are non-binding in Spain, meaning that a bidder can withdraw their offer at any time before contracts are signed. To ensure that we only accept serious bids from qualified clients, we qualify our clients before accepting a bid. This involves assessing the client’s financial situation and ensuring that they have the means to make the purchase.

In summary, we handle bids with care and attention to ensure that the buying process is transparent and fair for all parties involved. We work closely with both the seller and the bidder to negotiate the best deal possible, and we only accept serious bids from qualified clients to ensure a smooth and successful transaction.

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