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Return to Conveyancing Guidelines |
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THE
PURCHASING PROCESS
Finding af Property
It is very important to get to know the area before you choose a property.
You should visit a number of different locations in order to make an
informed decision about the kind of place where you would like to buy.
Once you have established the area you are interested in, it is worth
viewing a range of different properties before you make any decisions.
This will give you an idea of what you can expect in terms of price and
make you feel more secure when it comes to making an offer on a property.
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The
Purchasing Process
1. Finding a Property.
2.
Real Estate Agents.
3. Choosing a Lawyer.
4. Negotiating the purchase.
5. The Reservation Contract and Deposit.
6. Exchange of Private Purchase Contracts.
7. Completion.
8. Registry.
9. Special Considerations when buying
Off-Plan.
10.
Fees when buying.
11.
Taxes when buying.
12.
Other Expenses.
13.
Differences between the contract price & the amount actually paid.
Selling
1. Real Estate Agent & Lawyer.
2. Fees when selling.
3. Taxes when selling.
Charges Taxes &
Expenses for Property
1. Service Charges in Communities.
2. Annual Real Estate Tax. ( IBI )
3. Rubbish Collection Tax.
4. Capital Assets Tax.
5. Property Owners’ Imputed Income Tax.
6. The Tax Returns.
7. Insurance.
8. Mortgages.
Other Legal
Matters
1. NIE – Identification number.
2. Open Spanish Bank Account.
3. Making a will in Spain.
4. Inheritance Tax.
5. Investment Opportunities on Spain.
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