The first step in property conveyancing in Spain is finding a Property.

It is imperative to get to know the area before you choose a property. You should visit a number of different locations in order to make an educated decision. Additional research into similar properties in various areas will give you different perspectives of what you cananticipate in terms of price.Tips about property conveyancing in Spain

The secondary step in property conveyancing in Spain is choosing a expert property lawyer in Spain.

A lawyer in Spain can impart extremely useful advice from the initial beginning of the purchasing process. Your property expert lawyer in Spain will make enquiries to ensure that all the parties involved, including the seller or developer, are acting legitimately. A lawyer will take the necessary measures to safeguard that all the Spanish legal requirements are met. Additionally, a legal firm will ensure that the property is free of any encumbrances that could affect your use of the land.

You will also need to ensure that there are no outstanding debts for local taxes or service charges attached to the property.

The Purchasing Process in property conveyancing in Spain includes:

  1. Finding a Property and Preparing to Buy
  2. The Legal Process Step by Step
  3. Calculating the Costs: Fees & Taxes
  4. Equating Various Other Expenses

 

Step 1: Negotiating the Purchase

Step 2: The Reservation Contract and Deposit

Step 3: Private Purchase Contracts

Step 4: Completion

Step 5: Registration of the Title Deeds

 

The Selling Process in property conveyancing in Spain includes:

  1. Obtaining necessary documents
  2. Calculating the costs: Fees & Taxes
  3. Calculating service charges
  4. Calculating Annual Real Estate Tax (IBI)
  5. Establishing Property Owners’ Imputed Income Tax

Other Legal Matters pertaining to property conveyancing in Spain include:

  1. Obtaining a NIE Identification Number
  2. Making a Will in Spain
  3. Inheritance Tax
  4. Minimizing your Liability for Inheritance Tax
  5. Investment Opportunities in Spain

Ensuring that you have all the necessary documents will expedite the legal process of property conveyancing in Spain. You should register the following documents with your lawyer or estate agent when you place your property up for sale.

The following aforementioned documents are:

  • A copy of the Title Deed (Escritura Pública.)
  • A copy of your latest Real Estate Tax receipt (Impuesto sobre Bienes Inmuebles, IBI.)
  • A copy of the Certificate (Certificado Catastral.) This contains your property’s official reference number (Referencia Catastral) with the Land Registry and gives a complete

description of the property.

  • A Copy of your latest Spanish Income Tax declaration (Declaración de la Renta.)
  • A copy of your Residents’ Association (Comunidad de Propietarios.)
  • A copy of all your current utility bills.

Do not hesitate to contact one of the expert property lawyers of our offices in Spain.

 

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