Reservation Deposit Contract in Pollença: What Foreign Buyers Must Check Before Signing
- Jorge Cifre
- Jan 12
- 2 min read
Buying a property in Pollença, Mallorca as a foreign buyer is an exciting step, but it also involves legal details that should never be overlooked. One of the most important stages of the process is signing the reservation deposit contract (contrato de arras), which secures the property and sets out the conditions of the purchase.
Before signing, international buyers should carefully review the following key points:
Amount and payment method of the deposit: Make sure the exact amount and payment method are clearly stated. This protects both buyer and seller.
Deadlines and completion dates: Check the timeframe for signing the final deed and completing the purchase, as delays can have financial consequences.
Refund or forfeiture conditions: Understand under which circumstances the deposit is refundable or forfeited if the transaction does not proceed.
Property documentation: Ensure ownership details, charges, debts, and certificates are clearly identified and up to date.
Clauses affecting foreign buyers: Some contracts include conditions related to residency status, taxation, or Spanish bank requirements.
Signing a reservation contract without fully understanding these points can lead to legal or financial issues. For this reason, working with an experienced local real estate advisor in Pollença is essential to ensure a smooth and secure buying process.
If you are considering purchasing a property in Pollença, seeking professional local guidance can help you avoid costly mistakes and move forward with confidence.
📞 Jorge Cifre – Real Estate Advisor by eXp Realty
📱 +34 692 882 030
Jorge Cifre
Personalised real estate and financial advice in Pollença
With solid experience in the real estate and financial sector, Jorge Cifre specialises in offering personalised advice tailored to the specific needs of each client. As a resident of Pollença, his in-depth knowledge of the area makes him the ideal choice to guide his clients in the purchase, sale or rental of properties.
Jorge Cifre combines professionalism, trust and a friendly approach to ensure success in every transaction. He is committed to helping each client find their dream property or the financing they need in an efficient and secure manner.
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