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A SHORT SUMMARY OF THE NORMAL BUYING PROCESS IN SPAIN

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Buying a property in Spain

At Movengo we want to help you find your dream property in Marbella. We only work with the best, most serious and established brokers on Costa Del Sol so we can guarantee a high level of professionalism and safe purchase. We are here to make your move or investment so easy as possible.

Buying a property in Spain includes in short the following steps below. If you don’t find what you’re looking for you can always reach out to us, because we have a lot more listings than currently on the platform.

Need to Know

The Buying Process

The process of buying a property in Spain involves several steps. It’s essential to seek legal advice throughout the process to ensure a smooth and secure transaction. We help you with local lawyers who specializes in Spanish real estate to guide you through the specific legal aspects of the property purchase.

While specific details may vary, here is a general overview of the normal buying process:

Find your dream Property

Begin by researching and identifying properties that meet your criteria. Here at Movengo we help you with listing only premium and validated properties. Once you find it, we’ll help you book up viewings - the exiting part of the purchase!

Negotiate the Purchase Price

Once you find a property you’re interested in, you negotiate the purchase price with the seller. This may involve some back-and-forth until both parties agree on a price. This is something we can help you with of course.

Reservation Agreement

Once the price is agreed upon, you typically sign a reservation agreement and pay a deposit (usually around 6,000 to 10,000 euros). This agreement temporarily takes the property off the market while the necessary checks are carried out.

Due Diligence

Conduct a thorough due diligence on the property. This includes checking the property’s legal status, any outstanding debts, and ensuring all necessary permits are in order. This is normally done by an assigned Lawyer.

Private Purchase Contract

If the due diligence is satisfactory, both parties sign a private purchase contract. At this stage, a higher deposit (usually around 10% of the purchase price) is paid. If the buyer pulls out without a valid reason, they may lose this deposit. If the seller pulls out, they may be required to refund double the deposit.

Notary Public

Payment and Transfer of Ownership

The remaining balance is paid, and ownership of the property is officially transferred. This is usually done at the notary’s office. All relevant taxes and fees are settled at this point.

Registration of the Deed

The notary sends the property deed to the Land Registry for registration. This process may take some time.

Costs and Taxes

When buying a property you must count an additional total cost of 10-12% on top of the agreed selling price. It is important to include this amount in your budget. This additional costs and taxes, includes property transfer tax (ITP or VAT), notary fees, registration fees, and legal fees.