Before signing the deed
The reservation contract and the purchase contract
When reserving a property you pay an amount of 3000 Euro (or more depending on the price of the house) to the estate agent or the promoter. This deposit is non-refundable unless there is an unlawful cancellation of the purchase on the part of the seller. The purchase agreement will be sent to the buyer within 10 to 15 days. A second deposit of 10% of the purchase price must be paid by the buyer within 30 days. The previously paid reservation amount will be deducted from this 10%. These percentages may deviate for new-build homes, where the interim payment terms are set when the reservation contract is signed.