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Buying Your Home Buying your house in Spain needn’t be a trial. It’s supposed to be an enjoyable experience and we will do everything possible to ensure that it is.
So what will you need to do?
Well, once you have found your dream home and agreed a price with the owner you need to place a “holding deposit” of 1,200 EUROS (€) to get the property of the market.
Then we need to get the papers to a lawyer! If you haven’t got a lawyer already we will be happy to introduce you to one.
Our recommended lawyers normally charge about 1,200 € for undertaking the conveyancing with 50% being paid when he is instructed and the balance on completion. We also advise you to get a Spanish will prepared at the same time and the charge for this totals about 180 € for 2 joint owners. These are not the lowest charges on the market but we don’t believe that your interests are best served by penny pinching on your professional advisers. You get what you pay for.
We recommend you allow a further 1,200 € to cover notarial and land registry fees.
The Spanish system of conveyancing involves the participants in the transaction appearing in person before the notary. To avoid the need for inconvenient flights etc. we recommend that you provide your lawyer with a power of attorney to act for you throughout the purchase. This avoids the absolute necessity of you being here for completion and is very useful if flights are a problem, time off work is difficult or the legal process requires dates to be changed at short notice.
We will also help you open a Bank account for the transfer of funds and to set up standing orders for your utility payments.
Finally we will help you apply for your fiscal identity number or NIE.
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