Buying property in Spain

The buying process

When considering buying a house in Spain, there are several important factors to consider:

WHERE – WHAT – WHEN

WHERE: Think carefully about the location of the property. Do you want to live near the beach, or do you prefer to be close to shops and other amenities?

WHAT; Think about the type of home you want. How many bedrooms and bathrooms do you need? Do you want a garden or terrace? Is having a pool important to you and if so, do you want a private or shared pool?

WHEN: Think about when you plan to use the property and how you want the sun conditions to be.

• East facing: Gets morning sun.

• South facing: Gets sun all day.

• West facing: Gets sun in the afternoon and evening.

• North facing: Doesn't get much sun.

Financial aspects

Keep in mind that homes that are close to the beach and have a lot of sun are often the most expensive. It may therefore be a good idea to carefully consider your priorities in relation to your budget.

Documents required when buying a home:

• Valid passport

• NIE number (Spanish identification number)

• Bank account number.

The process

Once you have chosen the home that suits you, the process continues as follows (with some exceptions):

Reservation contract and deposit: First, we sign a reservation contract, which is a legal document. You will also have to pay a deposit, which is usually between 3,000 and 6,000 euros. If you choose to withdraw from the sale, this amount will be forfeited. If you wish to take possession later, a down payment may also be required, often 10% of the sales price, which must be paid within 2-4 weeks after the deposit has been paid.

Payment upon signing of the deed: When buying used homes, the remaining purchase price must be paid upon signing the deed. For new homes, you usually pay a percentage within three months, while the rest is paid when the title deed is signed. This depends on how long it takes for the home to be completed.

Legal representation: As a non-resident in Spain, the notary will require you to have a legal tax representative who will look after your interests.

Most of our clients choose to authorize a legal representative to act on their behalf in Spain. This representative can take over the property from a notary, order the NIE number, arrange registration, handle water and electricity contracts, insurance and other necessary matters. If you do not have a legal representative, we can recommend competent companies with extensive experience, also in your language.

Security: You can be sure that your legal company will carefully obtain all the necessary information about the property before you take possession of it. This ensures that you do not have to worry about liens or unforeseen problems with the property.

Other important considerations

Will: Consider drawing up a will to ensure that your wishes are followed.

Direct debit: Set up a direct debit bank to handle all fixed costs.

Your legal representative can help you with all of this and more.

Time perspective It usually takes 1-3 months from acceptance of an offer to handover when buying a second-hand home. For new homes, the timeframe will vary depending on the area, and this will be agreed separately in the booking process.

If you plan to finance the home, it is important to start this process before you start house hunting, so that you know which price ranges are relevant to you. We have good banking relationships, so do not hesitate to contact us for more information.

It takes between 4 and 6 weeks from taking possession of the property until you receive the original deed

Costs

In Spain, most sellers state that they incur around 12-13% in additional costs when buying a home. This includes 10% VAT, costs for signing the deed at the notary, property registration, interpretation services as well as payment of taxes and drawing up water and electricity contracts, in addition to other necessary legal assistance.

If you become a resident (resident) in Spain, the tax calculation will be carried out according to different rules.

The costs of home ownership will vary greatly from person to person. In general, the common costs (urbanisation fees) are significantly lower in Spain than in many countries. You will also have to pay for the consumption of water and electricity

AFTER SALE

With us, after the sale is a priority. As a customer, you should always feel valued and important. We have an extensive network of contacts, including electricians, plumbers and other professionals, and we are here to support you with all your questions.

Our goal is that the process of buying a home through us should be a pleasant and stress-free experience. We take the stress away so that you can focus on what really matters.

We warmly welcome you to Kolstad Property!

The buying process

When considering buying a house in Spain, there are several important factors to consider:

WHERE – WHAT – WHEN

WHERE: Think carefully about the location of the property. Do you want to live near the beach, or do you prefer to be close to shops and other amenities?

WHAT; Think about the type of home you want. How many bedrooms and bathrooms do you need? Do you want a garden or terrace? Is having a pool important to you and if so, do you want a private or shared pool?

WHEN: Think about when you plan to use the property and how you want the sun conditions to be.

• East facing: Gets morning sun.

• South facing: Gets sun all day.

• West facing: Gets sun in the afternoon and evening.

• North facing: Doesn't get much sun.

Financial aspects

Keep in mind that homes that are close to the beach and have a lot of sun are often the most expensive. It may therefore be a good idea to carefully consider your priorities in relation to your budget.

Documents required when buying a home:

• Valid passport

• NIE number (Spanish identification number)

• Bank account number.

The process

Once you have chosen the home that suits you, the process continues as follows (with some exceptions):

Reservation contract and deposit: First, we sign a reservation contract, which is a legal document. You will also have to pay a deposit, which is usually between 3,000 and 6,000 euros. If you choose to withdraw from the sale, this amount will be forfeited. If you wish to take possession later, a down payment may also be required, often 10% of the sales price, which must be paid within 2-4 weeks after the deposit has been paid.

Payment upon signing of the deed: When buying used homes, the remaining purchase price must be paid upon signing the deed. For new homes, you usually pay a percentage within three months, while the rest is paid when the title deed is signed. This depends on how long it takes for the home to be completed.

Legal representation: As a non-resident in Spain, the notary will require you to have a legal tax representative who will look after your interests.

Most of our clients choose to authorize a legal representative to act on their behalf in Spain. This representative can take over the property from a notary, order the NIE number, arrange registration, handle water and electricity contracts, insurance and other necessary matters. If you do not have a legal representative, we can recommend competent companies with extensive experience, also in your language.

Security: You can be sure that your legal company will carefully obtain all the necessary information about the property before you take possession of it. This ensures that you do not have to worry about liens or unforeseen problems with the property.

Other important considerations

Will: Consider drawing up a will to ensure that your wishes are followed.

Direct debit: Set up a direct debit bank to handle all fixed costs.

Your legal representative can help you with all of this and more.

Time perspective It usually takes 1-3 months from acceptance of an offer to handover when buying a second-hand home. For new homes, the timeframe will vary depending on the area, and this will be agreed separately in the booking process.

If you plan to finance the home, it is important to start this process before you start house hunting, so that you know which price ranges are relevant to you. We have good banking relationships, so do not hesitate to contact us for more information.

It takes between 4 and 6 weeks from taking possession of the property until you receive the original deed

Costs

In Spain, most sellers state that they incur around 12-13% in additional costs when buying a home. This includes 10% VAT, costs for signing the deed at the notary, property registration, interpretation services as well as payment of taxes and drawing up water and electricity contracts, in addition to other necessary legal assistance.

If you become a resident (resident) in Spain, the tax calculation will be carried out according to different rules.

The costs of home ownership will vary greatly from person to person. In general, the common costs (urbanisation fees) are significantly lower in Spain than in many countries. You will also have to pay for the consumption of water and electricity

AFTER SALE

With us, after the sale is a priority. As a customer, you should always feel valued and important. We have an extensive network of contacts, including electricians, plumbers and other professionals, and we are here to support you with all your questions.

Our goal is that the process of buying a home through us should be a pleasant and stress-free experience. We take the stress away so that you can focus on what really matters.

We warmly welcome you to Kolstad Property!

The buying process

When considering buying a house in Spain, there are several important factors to consider:

WHERE – WHAT – WHEN

WHERE: Think carefully about the location of the property. Do you want to live near the beach, or do you prefer to be close to shops and other amenities?

WHAT; Think about the type of home you want. How many bedrooms and bathrooms do you need? Do you want a garden or terrace? Is having a pool important to you and if so, do you want a private or shared pool?

WHEN: Think about when you plan to use the property and how you want the sun conditions to be.

• East facing: Gets morning sun.

• South facing: Gets sun all day.

• West facing: Gets sun in the afternoon and evening.

• North facing: Doesn't get much sun.

Financial aspects

Keep in mind that homes that are close to the beach and have a lot of sun are often the most expensive. It may therefore be a good idea to carefully consider your priorities in relation to your budget.

Documents required when buying a home:

• Valid passport

• NIE number (Spanish identification number)

• Bank account number.

The process

Once you have chosen the home that suits you, the process continues as follows (with some exceptions):

Reservation contract and deposit: First, we sign a reservation contract, which is a legal document. You will also have to pay a deposit, which is usually between 3,000 and 6,000 euros. If you choose to withdraw from the sale, this amount will be forfeited. If you wish to take possession later, a down payment may also be required, often 10% of the sales price, which must be paid within 2-4 weeks after the deposit has been paid.

Payment upon signing of the deed: When buying used homes, the remaining purchase price must be paid upon signing the deed. For new homes, you usually pay a percentage within three months, while the rest is paid when the title deed is signed. This depends on how long it takes for the home to be completed.

Legal representation: As a non-resident in Spain, the notary will require you to have a legal tax representative who will look after your interests.

Most of our clients choose to authorize a legal representative to act on their behalf in Spain. This representative can take over the property from a notary, order the NIE number, arrange registration, handle water and electricity contracts, insurance and other necessary matters. If you do not have a legal representative, we can recommend competent companies with extensive experience, also in your language.

Security: You can be sure that your legal company will carefully obtain all the necessary information about the property before you take possession of it. This ensures that you do not have to worry about liens or unforeseen problems with the property.

Other important considerations

Will: Consider drawing up a will to ensure that your wishes are followed.

Direct debit: Set up a direct debit bank to handle all fixed costs.

Your legal representative can help you with all of this and more.

Time perspective It usually takes 1-3 months from acceptance of an offer to handover when buying a second-hand home. For new homes, the timeframe will vary depending on the area, and this will be agreed separately in the booking process.

If you plan to finance the home, it is important to start this process before you start house hunting, so that you know which price ranges are relevant to you. We have good banking relationships, so do not hesitate to contact us for more information.

It takes between 4 and 6 weeks from taking possession of the property until you receive the original deed

Costs

In Spain, most sellers state that they incur around 12-13% in additional costs when buying a home. This includes 10% VAT, costs for signing the deed at the notary, property registration, interpretation services as well as payment of taxes and drawing up water and electricity contracts, in addition to other necessary legal assistance.

If you become a resident (resident) in Spain, the tax calculation will be carried out according to different rules.

The costs of home ownership will vary greatly from person to person. In general, the common costs (urbanisation fees) are significantly lower in Spain than in many countries. You will also have to pay for the consumption of water and electricity

AFTER SALE

With us, after the sale is a priority. As a customer, you should always feel valued and important. We have an extensive network of contacts, including electricians, plumbers and other professionals, and we are here to support you with all your questions.

Our goal is that the process of buying a home through us should be a pleasant and stress-free experience. We take the stress away so that you can focus on what really matters.

We warmly welcome you to Kolstad Property!

The buying process

When considering buying a house in Spain, there are several important factors to consider:

WHERE – WHAT – WHEN

WHERE: Think carefully about the location of the property. Do you want to live near the beach, or do you prefer to be close to shops and other amenities?

WHAT; Think about the type of home you want. How many bedrooms and bathrooms do you need? Do you want a garden or terrace? Is having a pool important to you and if so, do you want a private or shared pool?

WHEN: Think about when you plan to use the property and how you want the sun conditions to be.

• East facing: Gets morning sun.

• South facing: Gets sun all day.

• West facing: Gets sun in the afternoon and evening.

• North facing: Doesn't get much sun.

Financial aspects

Keep in mind that homes that are close to the beach and have a lot of sun are often the most expensive. It may therefore be a good idea to carefully consider your priorities in relation to your budget.

Documents required when buying a home:

• Valid passport

• NIE number (Spanish identification number)

• Bank account number.

The process

Once you have chosen the home that suits you, the process continues as follows (with some exceptions):

Reservation contract and deposit: First, we sign a reservation contract, which is a legal document. You will also have to pay a deposit, which is usually between 3,000 and 6,000 euros. If you choose to withdraw from the sale, this amount will be forfeited. If you wish to take possession later, a down payment may also be required, often 10% of the sales price, which must be paid within 2-4 weeks after the deposit has been paid.

Payment upon signing of the deed: When buying used homes, the remaining purchase price must be paid upon signing the deed. For new homes, you usually pay a percentage within three months, while the rest is paid when the title deed is signed. This depends on how long it takes for the home to be completed.

Legal representation: As a non-resident in Spain, the notary will require you to have a legal tax representative who will look after your interests.

Most of our clients choose to authorize a legal representative to act on their behalf in Spain. This representative can take over the property from a notary, order the NIE number, arrange registration, handle water and electricity contracts, insurance and other necessary matters. If you do not have a legal representative, we can recommend competent companies with extensive experience, also in your language.

Security: You can be sure that your legal company will carefully obtain all the necessary information about the property before you take possession of it. This ensures that you do not have to worry about liens or unforeseen problems with the property.

Other important considerations

Will: Consider drawing up a will to ensure that your wishes are followed.

Direct debit: Set up a direct debit bank to handle all fixed costs.

Your legal representative can help you with all of this and more.

Time perspective It usually takes 1-3 months from acceptance of an offer to handover when buying a second-hand home. For new homes, the timeframe will vary depending on the area, and this will be agreed separately in the booking process.

If you plan to finance the home, it is important to start this process before you start house hunting, so that you know which price ranges are relevant to you. We have good banking relationships, so do not hesitate to contact us for more information.

It takes between 4 and 6 weeks from taking possession of the property until you receive the original deed

Costs

In Spain, most sellers state that they incur around 12-13% in additional costs when buying a home. This includes 10% VAT, costs for signing the deed at the notary, property registration, interpretation services as well as payment of taxes and drawing up water and electricity contracts, in addition to other necessary legal assistance.

If you become a resident (resident) in Spain, the tax calculation will be carried out according to different rules.

The costs of home ownership will vary greatly from person to person. In general, the common costs (urbanisation fees) are significantly lower in Spain than in many countries. You will also have to pay for the consumption of water and electricity

AFTER SALE

With us, after the sale is a priority. As a customer, you should always feel valued and important. We have an extensive network of contacts, including electricians, plumbers and other professionals, and we are here to support you with all your questions.

Our goal is that the process of buying a home through us should be a pleasant and stress-free experience. We take the stress away so that you can focus on what really matters.

We warmly welcome you to Kolstad Property!

When considering buying a house in Spain, there are several important factors to consider:

WHERE – WHAT – WHEN

WHERE: Think carefully about the location of the property. Do you want to live near the beach, or do you prefer to be close to shops and other amenities?

WHAT; Think about the type of home you want. How many bedrooms and bathrooms do you need? Do you want a garden or terrace? Is having a pool important to you and if so, do you want a private or shared pool?

WHEN: Think about when you plan to use the property and how you want the sun conditions to be.

• East facing: Gets morning sun.

• South facing: Gets sun all day.

• West facing: Gets sun in the afternoon and evening.

• North facing: Doesn't get much sun.

Financial aspects

Keep in mind that homes that are close to the beach and have a lot of sun are often the most expensive. It may therefore be a good idea to carefully consider your priorities in relation to your budget.

Documents required when buying a home:

• Valid passport

• NIE number (Spanish identification number)

• Bank account number.

The process

Once you have chosen the home that suits you, the process continues as follows (with some exceptions):

Reservation contract and deposit: First, we sign a reservation contract, which is a legal document. You will also have to pay a deposit, which is usually between 3,000 and 6,000 euros. If you choose to withdraw from the sale, this amount will be forfeited. If you wish to take possession later, a down payment may also be required, often 10% of the sales price, which must be paid within 2-4 weeks after the deposit has been paid.

Payment upon signing of the deed: When buying used homes, the remaining purchase price must be paid upon signing the deed. For new homes, you usually pay a percentage within three months, while the rest is paid when the title deed is signed. This depends on how long it takes for the home to be completed.

Legal representation: As a non-resident in Spain, the notary will require you to have a legal tax representative who will look after your interests.

Most of our clients choose to authorize a legal representative to act on their behalf in Spain. This representative can take over the property from a notary, order the NIE number, arrange registration, handle water and electricity contracts, insurance and other necessary matters. If you do not have a legal representative, we can recommend competent companies with extensive experience, also in your language.

Security: You can be sure that your legal company will carefully obtain all the necessary information about the property before you take possession of it. This ensures that you do not have to worry about liens or unforeseen problems with the property.

Other important considerations

Will: Consider drawing up a will to ensure that your wishes are followed.

Direct debit: Set up a direct debit bank to handle all fixed costs.

Your legal representative can help you with all of this and more.

Time perspective It usually takes 1-3 months from acceptance of an offer to handover when buying a second-hand home. For new homes, the timeframe will vary depending on the area, and this will be agreed separately in the booking process.

If you plan to finance the home, it is important to start this process before you start house hunting, so that you know which price ranges are relevant to you. We have good banking relationships, so do not hesitate to contact us for more information.

It takes between 4 and 6 weeks from taking possession of the property until you receive the original deed

Costs

In Spain, most sellers state that they incur around 12-13% in additional costs when buying a home. This includes 10% VAT, costs for signing the deed at the notary, property registration, interpretation services as well as payment of taxes and drawing up water and electricity contracts, in addition to other necessary legal assistance.

If you become a resident (resident) in Spain, the tax calculation will be carried out according to different rules.

The costs of home ownership will vary greatly from person to person. In general, the common costs (urbanisation fees) are significantly lower in Spain than in many countries. You will also have to pay for the consumption of water and electricity

AFTER SALE

With us, after the sale is a priority. As a customer, you should always feel valued and important. We have an extensive network of contacts, including electricians, plumbers and other professionals, and we are here to support you with all your questions.

Our goal is that the process of buying a home through us should be a pleasant and stress-free experience. We take the stress away so that you can focus on what really matters.

We warmly welcome you to Kolstad Property!