Buying

The first step when buying a property in Spain is to decide on the area that you would like to live in, how much you want to spend and allow a further 10% on top of the price to cover purchase expenses.

The agent will ask you these questions and whether you will need a mortgage or not in order to show suitable properties within the area and price range that you have indicated.
 Once you have found the property you wish to buy, the agent will require a holding deposit to take the property off the market and start a search on the property to make sure it is free of charges and debts and whether there is an existing mortgage on the property ( this is not a problem as it can be cancelled before or during completion before the notary) which will take a couple of days. After that, the agent will make a purchase and sales contract with a proper deposit of 10% of the selling price, between buyer and seller. This will be done in spanish according to the law ( the agent can translate it for you) and will specify all details and conditions such as price, date for completion, way of payment, etc.

Finally you will go to the notary's office on the date agreed on the contract and sign the proper title deed and pay the remaining balance. From there, the agent will have your deed registered at the Land Registry office.

This will give you a brief idea on how to go about buying a property in Spain. However, you will probably have some questions to ask and we are here to answer them so please feel free to contact us by telephone, fax or email and we will answer any questions or send you information if you so require.

Selling

If you are thinking about selling your property, we will provide you with all the legal advise and service that you need. Contact us here Starting with a valuation of the property, advertising it locally, qualifying clients and organizing visits to your convenience.

We always accompany our clients and never turn up unannounced. On unoccupied properties, we take the keys along with full responsibility of the place.

Once the property is sold we will make a purchase and sale contract between you and the buyer, will make all necessary arrangements to complete before a Notario, and finally pay your taxes on your behalf such as plusvalia* tax and non residents 3% retention when applicable.

· Plusvalia: it is payable when a property is sold and it is meant to cover the increase on the value of the land over the years that you have owned the property. The amount will depend on the value of the property, square meterage and the number of years that you have owned the property.