Once you have found your perfect property you need to make sure that all your hard work is not in vain and reserve it ASAP.
On leaving an agreed amount as a deposit, normally around €6,000, we will provide a reservation document in which all the terms of the agreement are set out, for example the agreed selling price and what if any of the furniture is included etc.
This document is usually signed by yourself and the seller to officially show an act of intent to purchase & sell the property.
Although in Spain you do not need to have a lawyer for the purchase of your property we would highly recommend having one, this will make the whole process much easier and less stressful for you.
Some of the legal procedures that the lawyers will take care of as part of the purchase process:
Confirming the actual owners of the property and that they are entitled to sell the property.
Confirming the property is legally registered in the corresponding registries.
Confirming the property is free from all debts & charges.
Confirming the property has been given the relevant building permit by the town hall.
Ensuring that the legal prescriptions of the planning and building laws have been complied with.
The study of all documents which are deemed necessary to execute the purchase operation.
The lawyer pay all the expenses and taxes arising out of the purchase on your behalf, this includes registering the public deed in the corresponding Land Registry.
The lawyer will change the ownership of all bills, supplies and taxes concerning the property, and if you wish, will arrange the direct debiting of those bills.
Should you choose to have a lawyer involved we can recommend a few for you to choose from as we work with a group of independent law firms here in Spain.
