Legal Procedures

u003chr class=u0022my-20u0022 /u003ernu003cpu003eu003cstrongu003eSigning the reservation contract.u003c/strongu003eu003cbr /u003eYour property is taken off the market, to make sure no one else can buy your dream home.u003c/pu003ernu003cpu003eu003cstrongu003eThe lawyer will conduct “due-diligence”.u003c/strongu003eu003cbr /u003eTo make sure there are no construction violations, cancel any eventual charges the property may have and ensuring everything is legally correct.u003c/pu003ernu003cpu003eu003cstrongu003eNIE and opening bank account.u003c/strongu003eu003cbr /u003eWhen you choose our in-house lawyer, all these legal matters are included in the service. To make things easy a power of attorney is granted.u003c/pu003ernu003cpu003eu003cstrongu003eSigning of the deed at the notary.u003c/strongu003eu003cbr /u003eWhen the previous steps are completed successfully, our lawyer will make an appointment with the notary to sign the deed.u003c/pu003ernu003cpu003eu003cstrongu003eTransfer tax and register property at the land register.u003c/strongu003eu003cbr /u003eAlso this will be taken care of by our in-house lawyer.u003c/pu003e

Purchase Costs

u003chr class=u0022my-20u0022 /u003ernu003cpu003eu003cstrongu003eNew developments: u003c/strongu003eu003c/pu003ernu003culu003ernu003cliu003e1O% IVA (VAT)u003c/liu003ernu003cliu003eNotary fee between 600€ to 1.500€ depending on the amount of the u003cbr /u003epurchase and documents attached to the deed.u003c/liu003ernu003cliu003eCost for the land register between 500€ and 1.000€u003c/liu003ernu003cliu003e1% lawyer fee to perform the “due diligence”u003c/liu003ernu003cliu003e1,2% “stamp duty” (taxes to register all documents only for new u003cbr /u003edevelopments)u003c/liu003ernu003c/ulu003ernu003cpu003eu003cstrongu003eResales properties:u003c/strongu003eu003c/pu003ernu003culu003ernu003cliu003e 7% ITP (property transfer tax) (new law as per 1/1/2022)u003c/liu003ernu003cliu003eNotary fee between 600€ – 1.500€ depending on the amount of the u003cbr /u003epurchase and documents attached to the deed.u003c/liu003ernu003cliu003e1% lawyer fee to perform the “due diligence”u003c/liu003ernu003cliu003e500-1000 € registration in the land registeru003c/liu003ernu003c/ulu003ernu003cpu003eIf you choose a mortgage loan for the purchase of your property with a Spanish Bank, you will be charged 0.5% to 1.5% fee.u003cbr /u003eProperty evaluation costs around 400€.u003cbr /u003eIf required, we are also happy to find a suitable mortgage for you.u003c/pu003e