If you choose us, as your Real Estate professional, our team of V&G Costa Brava Luxury Real Estate Pals, whether you want to buy, sell or rent, we will advise
on all legal steps, and wherever possible, managing all the paperwork
ourselves. Always making you easy the process. Operation of sale and purchase:
Foreign clients:
The N.I.E. is an Identification number is used by the foreign
people in Spain, it is a mandatory document and issued by the police, without
which you can’t buy a property in Spain or hire utilities. N.I.E. Applications
normally take about to months to be processed, so it is very important to
present the application on their behalf at the very beginning of the
buying-selling process.
Spanish bank account: You must have a Spanish Bank account in
order to make public supply contracts and pay bills by direct debit. If
desired, and if you don’t have any bank account in Spain, we will take care of
opening it for you.
Cédula de Habitabilidad (Certificate of Occupancy)
The house will have to have up to date the certificate of
occupancy, which is the document certifying that the property has all the
conditions and regulations to be inhabited.
IBI (Impuesto sobre Bienes Inmuebles) property tax. We should
note the following:
We shall certify that the IBI (annual tax on property) has been
paid by the seller and has no outstanding debt on this account the day of the
deed of sale.
If the property is new construction will ask the seller a copy
of the new statement of work, together with a copy of the Declaration of
Alteration of Real Urban Nature. This will be enough to evidence that the
property is registered for eventual payment of IBI
Verify the registration of the property:
We will ask the Land Registry, a certification of charges on the
property, thus we can see if there are any liens or encumbrances affecting the
property. Do not buy a property without first having applied for such
certification.
Contract of sale
Approximately one to two months after the "reserve" of
the property expressed by earnest money contract, you should be prepared to
sign the Deed of Sale.
We will ensure that the seller sells the property free from
liens, encumbrances and tenants. Both parties or their authorized
representatives must sign the deed of sale before a notary.
Neighbouring Community
We shall receive the last receipt of the expenses of the
community regarding the payment monthly or anual and asking for to the
president or manager of the community a copy of the minutes of the last meeting
of the residents and their regulations, or where appropriate certificate of the
community Manager stating that there is no approval, prior to purchase, of
major work to do in the building.
Costs and fees: Under Spanish law, the buyer will be responsible
for:
Transfer Tax or VAT if applicable, if the purchase relates to
new construction work.
Registration and Notary costs
The seller will be responsible for the Plusvalía (Capital gain)
on the benefit that results from the increase in sales value. When the client
is a foreign seller, it will be retained a 3% in concept of IRNR (Income
non-Resident Tax) to pay to the Treasury the capital gains tax on real estate.