AFTER SALES

One week later of the signature before the notary, we will come to collect the deeds and we will present them with the tax models duly paid to the Land Registry. All services included: water, light, gas y expenses community shall be changed to your name and shall be domiciliarán in its account Spanish bank.

For endWe will contact you as soon as we have collected the deeds of the Land Registry. They will be ready for collection in our MAYRASA office, together with their keys.

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PURCHASE COSTS

It is important to be aware of the costs involved in the purchase of a property, as these are expenses that we will have to consider when paying for a property in Spain.

Legal services: Includes the handling fees for the entire purchase.
ITP (10%)This tax is applied to the actual sale price. It may vary depending on the region where you buy the property.
Notarial costs: These costs involve the notary, who is responsible for verifying that the purchase is correct and in accordance with local regulations.
Registration of ownership: When registering a property in Spain, the title must be filed with the Land Registry. This involves a tax and service.
Second home: In order to change the account holder for water, electricity and electricity we need a certificate issued by an architect certifying that the property complies with current legislation.
Change of ownership: Change of account holder for water, electricity, SUMA, community and other bills.
NIE number: The NIE is the tax number assigned to you in order to be able to pay taxes in Spain. This document is issued at the police station and has no expiry date.
Administrative costs: Necessary to cover the costs of NIEs and housing.
Home insurance: When you buy a property in Spain it is compulsory to have insurance to cover any damage you may cause to a third party, as well as your own damages.
Bank cheques: When paying for the property before a notary, it is very common to pay by bank cheques, issued by your Spanish bank and payable to the seller.
Powers of attorney: Regardless of whether or not you are present at the notary formalities, it is highly recommended to have a Power of Attorney. This gives your legal representative the ability to organise your NIEs, notary and all administrative and legal procedures and, if you wish, to carry out the purchase of your property in Spain on your behalf.
Wills: It is very common to prepare a Spanish Will at the same time as you buy a property in Spain. This will avoid complex bureaucratic problems for your heirs in the future.

MORTGAGE COSTS

If you decide to buy your home in Spain with a mortgage, you must also consider a series of additional expenses as a consequence of its management.

Mortgage tax: It is a tax that must be paid by the person who mortgages a property. Officially it is between 1% and 2% of the value of the mortgage.
Arrangement fee: The bank will charge you an origination fee for the mortgage you take out.
Valuation of the property: When mortgaging the property, the bank will request an independent appraisal to obtain more information about the property to be mortgaged.

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Our team of experts will be We look forward to hearing from you and resolve any questions you may have in relation to the procedures in notary's office, powers of attorneymanagement of the NIE o expenses e taxes linked to their property in Spain.

FIND OUT HOW WE CAN HELP YOU

We have been making our clients' dreams come true for years.

You can ask us to contact you using the following form, or you can call us directly at our offices. We will be delighted to help you and answer all your questions.

Find out how our team of experts can help you make buying your home in Spain a simple, correct and convenient process.

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