Morocco » The Purchase Process

There are few complexities to the property buying process in Morocco that an investor needs to be aware of before they enter in the market place. But because of the desirability of property for sale in Morocco an investor should not be discourage from securing their perfect piece of real estate just because purchasing it can take many months and a great deal of paperwork. 

The first step is to formalise your offer on the property and remove it from the market, thus protecting your interest to purchase. Once the terms of the purchase have been discussed and the seller accepts the offer, a binding agreement is born which is sealed by signing a reservation contract and includes a sum of money to reserve the property prior to the exchange of private purchase contract.

This reservation fee is fully refundable in case that our local lawyer will find in the searching process that the property is not free of any encumbrances, debts, charges or not meet legal requirements of the law to buy the property in the most complete and strict legal security.

3000 reservation on a credit card, the balance of 30% in 30 days, 70% on completion. You would need to budget for 6.5% on top of the purchase price.