The process of buying and selling a property can be many things, except simple. The inexperience and naivety of the buyer can make this procedure even more cumbersome than it already is. What type of contract to choose? How to proceed with each of them? What should be paid? All these doubts, and many more, will be clarified by a real estate agency like ours that, with more than fifteen years of experience in the Costa Blanca, will get you the ideal property for your reality, at the right price you should pay for it. Buying a property can become a problem whose dimensions are impossible to calculate. That is why you will need a trustworthy agent with the right professionalism to meet your needs and requirements. Next we will tell you about the different contracts of sale and purchase according to the form of payment. Different types of contracts of sale according to the form of payment Deposit contract: it is the one that corresponds to write when a delivery is made as a reservation. The seller and the buyer sign a pre-contract in which they agree on the amount with which the reservation will be made effective and how the sale and purchase process will continue. The reservation options are as follows: - Down payment or advance payment: the future sale and purchase is agreed through the delivery of an amount of money that will serve as a down payment. - Arras: this is a commitment to buy and sell that must be carried out within a stipulated period of time. The deal is closed with a down payment, which will be deducted from the final amount of the transaction. If the buyer decides not to buy, he will lose the amount paid. If it is the buyer who decides to cancel the transaction, he will have to return to the buyer double the amount paid on account. - Option to purchase: this is a type of contract that allows the buyer to have a margin of time to make the decision to buy the property in question or to look for another one. If it has been agreed in this way, once the agreed period has elapsed, if the seller does not decide to buy the property, the owner has the right to keep the amount that has been paid. Purchase and sale with payment in installments: under this modality, the seller proceeds to deliver the property to the buyer, who is obliged to make payments in installments in a deferred manner, either totally or partially. The properties that cannot be purchased under this modality are those that: - Will be resold - Are part of a non-profit sale - Already have a mortgage - Are under leasing Purchase and sale with deferred price paid in cash: this involves paying the total price in a single installment. It can be carried out in the following ways: - Private document: the public deed is signed once the total price is paid. - By deed: the deed is signed and the method of payment of the deferment is stated in it. It has great advantages over a mortgage in terms of avoiding the cumbersome nature of the latter. In either of the two previous options, the buyer takes possession of the property from the moment of signing the deed. Off-plan purchase and sale: this is the type of contract that is required to be signed when the seller is a developer of a property that is still under construction or will begin construction soon. The contract to be signed specifies the date on which the work will be completed and the number and amount of payments to be made. Sale and purchase with reservation of title: in order for the ownership of the property to be transferred to the new owner, a certain condition must be met, which may consist of paying an agreed price or agreeing to any other condition within the framework of the law. Purchase and sale with mortgage guarantee: when the buyer does not have enough money to purchase the property, he requests a mortgage loan from a bank. The bank will deliver the money to the buyer and the buyer will receive the payments in installments until the contracted debt is paid off. It must be signed before a notary and the real estate cannot have any encumbrance, which will be demonstrated with a certificate issued by the Public Registry of the Property.