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The Marrakech property-buying process: Key stages and timeframes

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Buying a property in Marrakech can be a relatively straightforward process, provided you follow the essential steps in the purchasing process. Knowing these steps is crucial to avoiding common mistakes and ensuring a smooth purchase.

Here are the steps to follow when buying a property in Marrakech:

Introduction

Defining your needs and budget 

Before embarking on your property search, it's important to define your objectives. Do you want a primary or secondary residence, or a rental investment? Once you've clarified this, draw up a realistic budget that takes into account the purchase price, notary fees (around 6-7%), registration fees and any renovations.

Finding the ideal property

The choice of neighborhood is crucial. Neighborhoods such as Guéliz, l'Hivernage and the Medina have different characteristics, suitable for different types of real estate projects. Calling on a real estate agency such as Vaneau Maroc will facilitate your search, thanks to their knowledge of the local market and their extensive portfolio of prestigious properties.

Negotiation and purchase offer 

Once you've found the ideal property, the negotiation phase begins. The flexibility of sellers can vary, but a well-presented offer, with proof of your solvency, can be advantageous. It's common at this stage to sign a compromis de vente, which seals the agreement between the parties before the final deed is signed.

Legal and technical checks 

Before signing the deed of sale, it's essential to check the legality of the property, in particular the land title. You should also have a technical survey carried out to ensure that the property does not require costly renovations. Vaneau Maroc works with experts to ensure that every property meets your expectations.

Financing 

If you're financing your purchase with a mortgage, you'll need to put together a solid file. Moroccan banks offer mortgages with competitive rates for residents and non-residents alike. Pre-approval is often required to speed up the process.

Signing the deed of sale 

The sale is officially concluded before a notary. The notary authenticates the deed and registers the transaction. It is important to allow for additional costs, including notary and registration fees, representing around 10% of the total purchase price.

Registering and obtaining title deeds 

Once the deed of sale has been signed, the notary takes charge of the official registration of the property. This can take from a few weeks to several months, depending on the speed of the local authorities.

 

The process of buying a property in Marrakech lasts on average between 2 and 3 months, depending on the complexity of the administrative procedures and the financing. Vaneau Maroc accompanies you through every stage of your real estate project in Marrakech and the rest of Morocco, guaranteeing you a secure and worry-free transaction.


 

 

Vaneau


Angle rue Loubnane et Rue Hassania 40000 Marrakech
Phone : +212 6 64 90 53 73
contact@vaneau.fr

Description

Buying a property in Marrakech can be a relatively straightforward process, provided you follow the essential steps in the purchasing process. Knowing these steps is crucial to avoiding common mistakes and ensuring a smooth purchase.

 

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