Spanish Property Conveyancing
PURCHASE OF YOUR PROPERTY
We offer you a total package for your purchase, the safest way to purchase through independent guidance and legal advice.
1) Legal investigation of the home
We advise you during the entire buying process and guide you in your language with the notarial deed.
Before you sign the purchase agreement, we assist you with the investigation into the legal situation of the property. This means that you are well informed about the urban development, financial and fiscal situation of the property. We also assist you with new construction.
This way you know what you invest in.
2) Administrative support
We arrange all formalities from the purchase agreement to the notary. After all, legal support is necessary to compile the file, so that the notary can proceed quickly to the effective sale.
We also ensure that your ownership is registered in the Land Registry / Property Register. The Spanish notary does not do this in principle.
3) Practical questions
What about the connection of water and electricity? How do I pay the SUMA / IBI. We ensure a flawless takeover of these contracts.
What about the tax return? After the purchase, we will gladly help you further so that you can enjoy your new stay without worry.
Contact us and make an appointment in one of our offices
What possible costs do you have as a buyer
An example: if you want to buy a holiday home in Alicante at a price of 160,000 euros, you can make the following cost estimate.
Notary and land registry costs: between 1,000 and 2,000 euros.
Water and electricity contracts: between 100 and 600 euros.
Registration fees: 16,000 euros (10%)
Lawyers' fees: between 1,200 and 3,200 euros (1-2%)
There are no registration fees for new-build properties or a purchase on plan. However, in these situations you pay 10% VAT and a stamp duty of 1.50% on the purchase price. New construction projects are therefore often more expensive.
In general, 12.50% - 15% on the purchase price is added. Even if you are going to borrow in Spain there are additional costs.
SALE OF A PROPERTY
If you put a house for sale through a real estate agent, he will ask you for a number of documents that he must be able to show to a prospective buyer, according to the legal provisions.
You must be in possession of the following information / documents:
Description of the property, address, floor area, rights attached to the property (for example, right of way);
The asking price;
A Nota Simple: an extract from the Real Estate Register, which shows that you are the owner and whether or not there are debts and charges on the property (for example, mortgage, usufruct, etc.);
Last paid water and electricity bills;
Copy showing that the property tax has been paid;
In many cases, the habitability certificate is also requested.
If applicable: information about the Owners' Association.
Possibly Certificado de inexistencia de expediente sancionador ",
"Licencia de Primera Ocupación" or Segunda occupacion (residence permit) and all (building) permits that you have.
What can we do for you?
1) We check whether you have all the documents that are needed and if necessary we ensure that these documents are present.
2) We check your documents and represent you at the buyer's lawyer or the buyer himself.
3) We organize the legalization of buildings if possible, the energy certificate or other absent documents.
4) We take care of the contract in your national language and follow up that the buyer follows the conditions.
5) We assist you with signing at the notary or we can provide a power of attorney so that you do not have to be present during the entire process.
6) We ensure that everything is finalized and the outstanding taxes are paid and we also ensure that the payment is correctly paid into your account.
What possible costs do you have as a seller
Income tax for non-residents 3% if not a tax resident in Spain
Energy certificate if not present
Legalization of buildings or land if necessary
Licencia de segunda o primera Ocupacion if necessary
Possible mortgage costs and mortgage closing
Any outstanding bills elect / water / suma
Possible brokerage fees
Possible income tax