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Just like in the UK it is the norm that when you see a resale that you are interested in, the owner will not always be willing to take the property off the market until an offer has been agreed. ie; there is no reservation process with resales normally.
Resales
Offers
Any offer you make will be communicated to the owner and they will either accept, decline or invite negotiations.
Sales Contract
Once an offer has been accepted by the vendor a Compra Venta (Sales Purchase) Contract is drawn up between the vendor and the purchaser. This contract specifies the deposit amount and the completion date. The deposit is 10% of the agreed price and completion usually takes place in 6 to 8 weeks.
Browse our Resales
What makes up the 10% on top of the price?
Additional costs of approx 10-12% should be budgeted for. These consist of:
New
Impuesto sobre de Valor Añadido (IVA) 7% of purchase price (VAT)
Actos Jurídicos Documentados (AJD) 1% of purchase price (Stamp Duty)
The remaining 2-3% is made up of:
Plus Valia - tax on the increase in land value since last sold.
utilities - water and electric contracts, meters and connections
Notary costs
Legal costs
Registration at the Land registry
The same costs need to be budgeted for with resale properties. The only difference is that instead of 7% IVA/VAT, there is an equivalent 7% tax called ITP charged
Resale
Impuesto a la Transferencia de Propiedades (ITP) of 7% (Transfer Tax)
Actos Jurídicos Documentados (AJD) 1% (Stamp Duty)
Plus Valia - tax on the increase in land value since last sold
New utility contracts - water, electric and possibly gas connections
Notary costs
Legal costs
Registration at the Land registry
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Finances 
