Buying a new home?
The process guidance will be the following:
Seeking professional legal advice
Speak with a lawyer before signing any private contract with anyone whether you decide to use our services or any other qualified lawyers for any reason, make sure you do this before signing or paying anything. This allows your legal representative to make all the necessary checks on the property before you pay a penny. Even if you speak good spanish, do yourself a favour and treat this part seriously. We do not charge you a percentage of the property price. The solicitor fee for dealing with the purchase of your property is for a fixed amount of 700 euros.
Sign a reservation contract.
This takes the property off the market and gives certain guarantees. In the event that something goes wrong or the seller changes its mind, until completion date. Having this contract assures you that you do not lose your deposit.
Check ownership and potential debts.
Leave it all in our hands and we will contact the other parties in order to make sure that there are no debts outstanding, such as water, electricity, community of owners and local rates. We will find out the "plusvalia" tax due to be paid by the seller after completion. We will organize the cancellation of previous vendor´s mortgages so that the property is freehold and up to date.
Bank
We will accompany you to the bank in order to prepare the bankers draft that you need to take to the Notary office to pay the vendor.
Signing the deeds at the Notary Office
Once the property has been finished or in case of second hand property, as soon as all parties are ready to complete, an appointment at the Notary Office will be made in order to get the ownership of the property transferred to you. We will assist you on this by translating the document from Spanish to your language.
Taxes & Registration at Land Registry
After the deeds have been signed, some taxes (if a second hand property, 7% Transfer Tax, Notary fee and Land Registry fee) must be paid no later than thirty days. Within a couple of days, we will collect the original deeds from the Notary Office in order to take them to the appropriate Land Registry to be registered. This will create a fully protection of your ownership against any third parties.
Utility bills
We will also take care of the utility bills such us water and electricity bills, local rates (SUMA), community of owners.
This means that we will go to the corresponding offices in order to put the contracts on your name and provide bank account details to set up the direct debits so that you do not need to worry monthly about the consumption bills related to your purchase.