Buy or sell your property

BUY A PROPERTY

Selling a home should be a simple process, although on many occasions we feel lost in the lack of information or overwhelmed by the number of documents that need to be collected. Many of these headaches can be alleviated with the help and experience of our agents.

DOCUMENTATION REQUIRED WHEN SELLING YOUR PROPERTY

These are the documents you will need to collect in advance if you want to complete a purchase/sale agreement:

  • D.N.I or passport (N.I.E for foreigners)
  • Certificate of habitability
  • Energy Efficiency Certificate (we can manage it for you)
  • Last IBI receipt
  • Last utility bill (water, electricity, gas...)
  • Nota Simple
  • A copy of the receipt for community expenses (if applicable)
  • Title deed of the property

SELLER'S EXPENSES

Municipal capital gain (This is a local tax to be paid by the seller)

If you are a fiscal resident in Spain, you will be liable for income tax, which is 19% of the profit on the sale.

If you are not a fiscal resident in Spain, you will be required to pay 3% of the total sale.

SELL A PROPERTY

You have made one of the most exciting economic decisions of your life: buying a property in the Costa Blanca. But, wait, if it's the first time you've bought a property, it's important that you take into account all the necessary steps to buy a property. What documents do I need?

DOCUMENTATION REQUIRED AND STEPS TO TAKE WHEN PURCHASING A PROPERTY
  • D.N.I or passport (N.I.E for foreigners)
  • Spanish bank account.
  • Reservation. Private document between the buyer and the seller by which the reservation of the property is made, including the payment timescale, estimated date for the exchange of contracts and completion, accompanied by an amount of money (usually between 3.000€ - 6.000€), which is paid by the buyer to demonstrate to the seller a real intention to purchase.
  • Private purchase contract. A private contract will be drawn up with the agreed price of the sale, both parties personal details, a description of the property (embargoes and taxes included) and a date for the signing of the public deed of sale. Once both parties have signed, the buyer pays a deposit of 10% of the sales price. Once the 10% has been paid, should the seller pull out of the sale they are liable to pay double back.
  • Notary. The purchase-sale is completed once signed before a notary. At that moment, you will be given a 'Copia Simple' Copy of Title Deeds and the keys to the property. After approximately one month your property will be registered at the Land Registry and you will be given the official Title Deeds.

GENERAL EXPENSES FOR THE PURCHASE OF A PROPERTY

  • Notary (depending on whether or not there is a mortgage on the property)
  • Registration
  • Transfer tax (10% of the registered value)
Contact with Villas Buigues

If you have any questions, our real estate agents are at your disposal. Do not hesitate to contact us.

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