The buying process
1. You / I must first and foremost provide contact details on the real estate agent or seller as well as the property’s location, size, purchase price, takeover date and other details that should be agreed with the seller or the real estate agent.
2. Regarding property purchases with furniture, an inventory list is prepared which must be signed by the seller and buyer, this ensures a mutual agreement on what is included and not included. If necessary, also use a carpenter / mason to inspect the property for major damage. It is always a pity with surprises when buying a home.
3. The law firm does not go out and inspect the property, but is solely responsible for the legal part of the transaction.
4. The lawyer will draw up a purchase contract and a power of attorney, the following information must be used full name, address, position, marital status and whether one has joint ownership or separate ownership as well as a copy of Passport, as well as for married couples each person’s first names (this must be used for NIE number application). This is usually something the lawyer can help with.
5. Everyone who wants to buy a home in Spain must have an NIE number (identification number). This corresponds to a Danish CPR number. All persons who must be on the lap must have an NIE number. You can apply for NIE at the Spanish Embassy in Østerbro in Copenhagen.
6. The NIE number must be further registered with the Agencia Tributaria (Spanish Tax Office. This must be done in person or by proxy. This is usually something the lawyer helps with.
7. With the above information, a reservation contract is drawn up on the property, which means that it is taken off the market. Here you usually have to pay between 3,000 – 10,000 euros, depending on the price of the property, etc.
8. The lawyer has a duty to review the property’s documentation, to ensure ownership, outstanding, resident permit and owners’ association in the property, etc.
9. When the lawyer has finished examining the property, you can draw up a purchase contract where approx. 10% of the purchase price less the paid booking amount. This is usually signed within 10 – 15 days from the reservation contract. The purchase contract states the last day of the deed date, attached any inventory list, and other agreement details that may need to be performed before the deed signature.
10. The balance in the cost statement must normally be on the lawyer’s client account min. 5 working days before the actual the deed signature, as one must have time for the bank to issue a certificate stating that the money has come legally to the country and to be prepared div. bank checks for the actual deed signing.
At the final Notary meeting, the deed is signed. The balance is paid to the seller and the buyer receives the keys to the property.
11. After this, the deed must be registered and taxes must be paid, etc. It can usually take up to 3-4 months before the property is registered.
12. Furthermore, the supply contracts must be transferred and the ownership of the authorities changed, etc. For this purpose, a Spanish bank account must be used for payment services of the various supply contracts. This is usually something the lawyer helps with.