To buy your property in Spain can be summarised by the following steps:
We are happy to arrange a viewing for you. The viewing
can be combined with an extended stay so you can get a feel for the area.Should
you find a property you wish to buy, you will need to reserve it, and also
open a Spanish bank account for non residents.We can assist in this matter.
Having chosen your property you will need to pay a deposit
(usually 10% of the value) this will secure the property normally for 30
days. Should you decide to withdraw from the sale the deposit would be
forfeited in favour of the vendor.
Once you have decided what type of property to buy , it
is wise for you to organise your finances .You might opt to arrange a loan
through UK lenders or Spanish Banks.
The notary is an impartial witness to the signing of all
public documents including the deeds ( escritura). he will verify title
to the property in the land registry office and will receive the transfer
tax on behalf of Hacienda ( Spanish tax authorities). Notaries fees will
vary according to the value of the property.
Upon final payments the vendor together with the purchaser
will sign the Escritura of the property before the notary. He will then
issue a first legalised copy which he signs and stamps. This is sent to
the land registry where it is registered in the purchasers name. Approximately
4 to 6 months later the deeds are ready for collection fully legalised
depending on the work load of the Notario .
- Opening Spanish bank account ( cheque book , cash card, etc).
- Negotiating with farmers.
- Arranging Notario.
- Translation of deeds with the Notario.
- Spanish will.
- Water project ( when applicable).