Investing in luxury real estate in Tangier can be attractive in many ways, as the Moroccan north city has countless advantages. The city has witnessed numerous urban and hotel construction projects and luxury residences carried out by renowned and upscale.
Unmissable for the unforgettable holidays it offers, the city with its colorful alleys is full of historical and architectural monuments that make it a destination where life is good. Finally, the city attracts affluent customers with its highly reputed golf course offering, making it the essential golf capital.
Whether you are looking to make an investment in your main or secondary residence by purchasing a villa for sale Marrakech or if you intend to rent a villa in Marrakech, there are many opportunities on the “red city” market. Visit our website and check our property selection:
It is important, before making the decision to proceed with the acquisition of a property in Morocco to analyze several points such as the importance of being accompanied in its procedures and Moroccan taxation.
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STEP 1: REGISTER YOUR INTEREST BY CONTACTING A REAL ESTATE AGENT TO FIND THE RIGHT PROPERTY
Marrakech Sunset Properties have always taken great care in presenting the finest and most luxurious Marrakech properties to its clients coupled with our dynamic marketing strategy. We have diligently established strong customer relationship connections over the years.
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STEP 2: INSPECTION OF THE PROPERTY & MAKING AN OFFER
Once you have carried out the viewings and know which property you want to purchase you can make your offer. When buying from a developer prices tend to be fixed and not negotiable. However, a private seller may be willing to negotiate the price with you.
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STEP 3: MAKE SURE YOU HIRE A NOTAIRE
A ‘Notaire’ is a conveyancer who will help you with all the legal steps required to purchase your new home. Some developers have certain Notaries that they would require you to use.
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STEP 4: THE BUYING PROCESS
A buyer can make a verbal agreement, and submit a deposit (10%), (40% for ‘off-plan’ properties) but the seller may receive and accept a stronger offer.
To confirm the agreement, the buyer must sign a Preliminary Contract, which specifies the price and any conditions such as ‘subject to finance,’ or ‘subject to inspection.’
This contract will be reviewed by the buyer’s lawyer, who can sign the contract on the buyer’s behalf. After signing, there is a 3-day cooling-off period.
The buyer must now sign and return a draft of the final sales agreement. The notary will then send an invitation to sign the actual Final Contract of Sale. Upon signing, the balance, notary fee, and transfer tax must be paid.
On a new property, you may have to make stage payments throughout the course of construction. You pay the balance upon signature of the title deeds and registration.
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