The process of buying

1)  We have now found your property and make an offer. The price negotiation can take anywhere from 20 minutes to 2-3 days. We provide advice through the process and all offers go through us.

2) Once you have agreed on a price, we will sign a contract. This is called a “offer and deposit reciept”. This tells that vendor has excepted the offer.A deposit is paid by buyer, usually to lawyers client account.

3) Between the deposit and 10% payment your lawyer will review all documents of the property. This so you know you are buying a legal residence free of depts. This normally takes 7-10 days.

4) Signing of the private purchase contract. Usually after 10 days. Now you will pay 10% of the purchase price. The next step is meeting with the notary on the date agreed. Taking over You now own your dream home in Spain – Congrats!!

5) Taking over a property in Spain works as follows. All parties show up at the notary. If you can’t attend, the lawyer can represent you. All papers are double checked by the notary to ensure both buyer and seller. Documents are signed and remaining amount is payed.

 

You now own a home in Spain.

Costs when buying a resales property

Transfer Tax


House buyers of resale property (in contrast to new construction) must pay “Impuesto TRANSFERENCIAS the Propiedad” / Transfer tax- now 8-10% depending on the purchase price. 8% up to € 400,000- 9% up to € 700,000 and 10% over € 700,000.

Example: apartment for € 850,000. You pay 8% on the first € 400,000, 9% of the sum between € 399,999 and up to € 700,000 and 10% on the price between € 700,000 and € 850,000

Notary og Landregister


All propery purchases have to go thru the notery and have to be registered in the land register. This costs € 700 – € 2.500 depending on purchase price.

Water and electricity


Usually you have to pay a connection fee for water and electricity
of +/- € 500

Lawyer


Depending on which lawyer you choose, they usually charge 0,8
% – 1,25 % + vat. They will secure your money and make sure you
buy a property without any debt and with all paperwork in order.

General rule: Add 11% on purchase price.

Costs when buying a new constructed property

Vat


Vat is now 10% on purchaseprice for new build property in Spain.

Stamping fee


0,5 % of purchase price.

Notary og Landregister


All property purchases have to go thru the notery and be registered
in the land register. This costs € 700 – € 2.500

Water and electricity


Usually you have to pay a connection fee for water and electricity of
+/- € 500

Lawyer


Depending on which lawyer you choose, they usually charge 0,8%-1,25% + vat. They will secure your money and make sure you buy a property without any debt and with all paperwork in order.

General rule: Add 12% on purchase price.

Contact 
Information

Calle Padre Jose Vera,  Edf. Millenium I

29602 Marbella

Epost: hello@beachlifeestates.com

Tlf: +34 606 204 094

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