CHECK LIST before you buy a property in Spain

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CHECK LIST before you buy a property in Spain
1. Check who the owner is. If it is not the owner the person who signs must have a power of attorney.
2. It is very important to check if the property is free of charges,
mortgage, or tenants via Land Registry.
3. Community fees. Letter of the administrator.
4. Price and payment:
a certain amount that the buyer gives to the seller as a signal.
5. Selling fees:
There are fees related to the purchase negotiation.
Who pays?...
Municipal Taxes. Seller
notary fees. negotatiable
Registration fees. negotatiable
6. Check if the property has any penalties at the town hall
7. Check the urban situation of the
property.
If in the future there are any urban projects in the area.
Before you sign the deeds
Cadastral data: Descriptive and graphic cadastral certification that will be incorporated into the deeds to verify the coincidence or discrepancies between the cadastral data, the Property Registry and the real situation. Energy efficiency certificate: The notary will ask the seller for the energy efficiency certificate or a copy of it.
Cedula de habitabilidadThere are Autonomous Communities that require the seller to deliver to the buyer the valid habitability certificate. It is important in order to get the utility contracts.
Verificatio of payment:The notary will verify and record in writing how and when the house has been paid.
Warning of hidden defects:
The notary will advise the seller that
he responds to the defects that the house may have and that they are not appreciated at first sight, notwithstanding that, for whatever reasons....
Warning of tax oBligationS:
The notary will advise the seller of
his obligation to pay the municipal plusvalia.
The Seller has to pay the IBI for the year and present the receipts for the last 4 years.
Only for non residents:
Retention in the sales price of a dwelling, while the buyer is obliged to retain 3% of the declared purchasing price if the vendor is a non-resident
Reteiner of the the plusvalia and Ibi
After deeds
1. To pay the corresponding taxes 10%. 2. Register the purchase in the Property Registry.
The deed can be submitted to the Registry of the Property by the notary The deed may also be submitted to the Property Registry by a copy authorized by the notary on paper.
Contact us for specfic information, our work requires study of the corresponding documentation to give you the best legal advice
Available in Costa Blanca
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