1) Why buy through Perfect Home Spain (PHS)?
When buying a house in Spain comes a lot of looking. Apart from having to choose from a wide range of houses, legal registration here is a delicate issue. It requires knowledge and a reliable partner that represents your interests. The advantages of purchasing via PHS in a row
- Waterproof clauses that protect you during the buying process.
- The buyer does not pay an extra commission with us.
- The employees of PHS know the market that gives you the certainty of an offer with a good price / quality ratio
- We have good local contacts at the various municipalities, which usually means saving time in the paper shop.
- Only registered properties are offered for sale, so you always know what you are buying.
- If you want to have work done at your house after purchase, we can introduce you to reliable contractors, architects, plumbers, electricians et.
2) The buying process (step by step)
Buying real estate in Spain is different than you are used to in the Netherlands. For that reason it is important that you have an experienced broker on your side and make use of the services of a reliable lawyer. The additional costs that your lawyer charges are an investment and guarantee against possible problems in the future. The following description gives you a good idea of how a standard buying process is going.
STEP 1: It is sometimes quite a job to find your ideal home or building plot from the wide range. It is therefore important to work together with an experienced broker who can answer all your (legal) questions and guide you from the beginning to the end. A broker who speaks your mother language so that there are no misunderstandings due to language problems.
STEP 2: When signing a private contract, an amount is agreed to temporarily reserve the property (usually 3000, - euro). This can occur if you have to act quickly because there are more potential buyers. This gives you time to, for example, investigate mortgage possibilities or carry out technical inspections. Your lawyer checks the property at the land register and also at the local tax register (catastral) to check that everything is correct.
STEP 3: After you decide to purchase, it is customary that you currently pay 10% of the purchase price. By depositing this 10%, the property is officially reserved for you and is taken off the market. The contract must contain the details of the property plus a number of clauses to protect you during the purchase process.
STEP 4: This is the last phase of the buying process and usually takes place within 1-2 months after signing the private contract. It is also possible to agree a different timetable with the seller. The property deed (escritura) is signed with the notary. If you use a mortgage, the representative of the bank will also be present at this transfer. Your new property will then be registered in the register and the land register by your lawyer in your name. Your lawyer will also arrange to pay the 7% transfer tax within 30 days after the transfer.
3) What are the 'buyer costs' in Spain?
In general you must count on 11% of the purchase price. In this 11% are included the 8% transfer tax (in Spain called: ITP impuesto the Transmisiones Patrimonials), the notary fees and the registry and cadastre costs.
4) Do I need a Spanish lawyer?
It is absolutely advisable to hire a Spanish lawyer. He assists you in investigating possible herds, inscriptions and other matters. Together with the lawyer of the seller, they ensure that debts are paid. In Spain, debts move with the house and not with the (old) owner. The lawyer also ensures that your property is correctly registered after purchase, and that the transfer tax is paid. .
5) Do I have to open a Spanish bank account?
You do need a Spanish bank account. For paying the purchase price and later the electricity bill, local taxes, etc. It is not difficult to open a bank account, and we are happy to assist you in requesting and choosing a bank suitable for you.
6) Can I get a mortgage in Spain?
Obtaining a mortgage is not difficult. There are many Spanish and foreign banks that you would like to provide. Please bear in mind that you can only be funded to 60% to 70% of the value.
7) What does IBI and Plusvalia mean?
IBI "Impuesto sobre Bienes Inmuebles". This must be paid every year and.
Plusvalia: This is a municipal tax and therefore varies according to the area where the house is located. One looks at the valued appreciation of the land compared to the last sale. The amount of this tax therefore depends on how long ago the last transfer took place, as well as the municipality where the land is located and the value increase that is granted. Even though this tax is sometimes subject to negotiation, usually this tax is paid by the seller.
8) Do I have to pay commission for the services of Perfect Home Spain?
Our services for the entire purchase process of your home are free! The brokerage fee is paid by the seller, or the project developer or the cooperation partner. Moreover, you pay nothing more if you make use of our services. Of course it does matter for the developer / cooperation partner and he would rather see you without our mediation. Of course, there is a good chance that you will not receive objective advice. And can not check important information in your own language.
9) Is it necessary to speak Spanish when I go to live in Andalusia?
It is certainly advisable to learn a bit of Spanish if you come to live here permanently. The areas where we offer real estate are still authentic Spanish and the majority of the local population does not speak any other language. Of course we are here to help you wherever we can and you will also find here a variety of language schools where you can train according to once you are settled. The locals are very patient here and will certainly encourage you to keep practicing.
10) Is it necessary to get a NIE number and what is it?
It is an identification number of a foreign national. When a property is purchased, it is registered in your name and N.I.E. number.