The Purchasing Process

The team at My Other House will guide you through the process of buying your property in Morocco. We work closely with carefully selected solicitors, foreign exchange specialists and mortgage providers to ensure the whole process runs as smoothly as possible for you. We are always available to assist you and answer any questions you may have.

The standard procedure is as follows:

Make an offer After you have chosen a property a verbal offer is made through us to the vendor. Once accepted, the process can continue
		Reserve unit/s The reservation fee is payable immediately after you have chosen your property. The typical amount is €3,000, depending on the developer and the development chosen
Choose a solicitor It is advisable that you appoint a solicitor who is fluent in your language to ensure you fully understand all the legalities involved. We can recommend an independent solicitor who is versed in Moroccan law
		Pay deposit Some developers ask for different amounts and interim payments however, 30% is the typical amount you can expect to pay at the start. This is payable approximately 30 days after  payment of the reservation fee. The remaining balance may be asked for in instalments during the build until completion.
Open a Convertible Bank Account A Convertible Bank Account must be opened in Morocco to which sterling/euros will be transferred. My Other House can assist with this. The money will then be converted into Moroccan Dirhams to pay the vendor

	Completion The remaining 60% is payable upon completion (often financed by a mortgage). You are now the owner of a property in Morocco.

For any further information, please feel free to contact us on
+44(0)28 9092 3325 or at info@myotherhouse.net

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