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Purchasing Property in Spain


The contract Once booked, the next step is the contract of sale within the periods specified in the Reserve. This is a document that clearly describes the housing and whereby the seller agrees to surrender and the buyer to pay a price for it. Can be implemented through a private contract between the parties which is binding and valid among them, but it is advisable to lift a deed, ie that signs a notarized document that is registered in the Land Registry. Notarial and registration. The formal act of sale is made through a contract called a notary deed. This script, after paying the relevant taxes and charges is taken to the Land Registry. Can only access the registry deeds and other documents of a judicial or administrative, but not a private contract. It is therefore important that the sale is conducted in a public notary.

In perfectly detailed writing: the situation features, open spaces, boundaries, area, price, payment and all conditions relating to the possible postponement of pay and conditions, if any. The processing of documents before the notary, the payment of taxes and expenditures, as well as previous and subsequent efforts, usually carried out by an administrative manager ensures the proper conduct and legal deadlines of all procedures. The original deed, once validated and registered expenditures will be for the buyer. DOCUMENTATION FOR THE DAY OF THE FIRM To the day of signature of the notary deed is very important that we find in advance to the Notary made all the necessary documentation for the correct identification of buyer, seller and the situation of the property to buy, for the preparation of the deed but some can make the day dela signature. The documents required are: For the seller: – National Identity in force – Writing home ownership – Certificate of being current in payment of IBI – Certificate of being current in payment of bills from the community – Certificate for cancellation of mortgage, where appropriate. For the buyer: – National Identity in force – Cheque for the payment of housing and proof of payments on account if any.

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