About buying and selling property
When buying a property
When selling a property

When buying a
property:
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Once you find the property of your choice and agree on a purchase price
and
a completion date, a deposit of 10% is paid and a contract of option is
signed
by the seller and the purchaser, setting out all the conditions of sale
and
purchase.
We check in the land registry to ensure that the seller is the legal
owner,
and that the property is free of debts, mortgages and embargos. We also
contact the townhall and check that all bills are paid up-to-date, i.e.
electricity, water, telephone, rates, community fees, etc.
The Title Deeds are signed over in front of a Public Notary and we will
arrange this appointment. When the day of completion arrives, we will
accompany you to the Notary's office to translate, etc. Before leaving
his
office, the Notary will give you a simple copy of the Title Deeds.
Payments: the legal fees for the transfer of the property are paid by
the
purchaser, i.e. Notary, registration, 7% transfer tax, fiscal numbers,
etc.
These normally amount to approx. 10% of the purchase price. We will
arrange
for a Solicitor to make these payments for you. The original Title Deeds
will
take approx. 3 to 4 months to come through, and we will then collect
these
from the Solicitor.
We will arrange for all bills to be put into your name, and for them to
be paid
by direct debit. We can insure your property through a reputable
Insurance
Company. Our services do not stop there. We will help you to deal with
any
other matters relating to the property that may arise before and after
completion. |
When selling a
property
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We will advertise your property on our website, in
our window, in local
newspapers, magazines, and on the internet.
Once we have found a purchaser, and the price and completion date have
been agreed on, a contract of option is signed between seller and
purchaser,
setting out all the conditions of sale and purchase, and a 10% deposit
is
received.
We will ask you for a copy of the Title Deeds and copies of all the last
bills, i.e. rates, electricity, telephone, water, community fees, etc.
We will
arrange the appointment for the Title Deeds to be signed over in front
of a
Public Notary, and we will accompany you there on the day of completion.
Payments: If you are a non-resident of Spain then you must pay a deposit
towards capital gains tax of 5% of the declared price. If you purchased
the
property prior to the 1st January 1987, you may be exempt from this tax.
There
is also a Town Hall Tax called Plusvalía which, legally, must be paid by
the
seller. We will arrange for a Solicitor to pay these amounts for you.
The
agency fees are paid by the vendor.
We will arrange for all bills to be put into the purchaser's name, and
cancel any direct debits that you may have. Our services do not end
there.
We will help you to deal with any other matters relating to the property
that may
arise before and after completion. |
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