Apartment In Atico En La Olla De Altea - 450€  REF: 750

4 Bedrooms    3 Bathrooms    250 m² Build    m² Plot Email me Print    




The Buying Process

When you have found the property you want to purchase and you have agreed on the price you sign a reservation contract.
A reservation sum of approx. 5000 euros is normal and serves for reserving the property for approx. 1 week.

Before signing the reservation contract Multicasa obtains a 'nota simple' (an official document from the Registry Office) to ensure the property has no debt and the seller is the official owner of the property.

In the sales contract you agree on the date of the purchase and the payment terms (10% is required as a deposit of the sale price).
An NIE number and Spanish bank account is required. Both of these we can provide for you and are obtained within 2 days with the correct paperwork

The actual purchase takes place in the Notary's office. We, Multicasa, buyer and seller will meet with the notary. There we will guide you through the process. Having signed the new deeds (escritura) to the property and verified that payments have been made you will be given the keys to your new home.

Purchase Expenses

After the agreed price of the property, you must as a rule of thumb calculate an extra 10-12%. This will cover the following fees:.
Break down of costs involved for example €300.000

Transfer tax (ITP - Impuestos de Tramitaciones Patrimoniales) 10% 30.000€  
Notary fee maximum 1,5% 1.500€  
Property register fee 0.1-1% 425€  
Utility contract change of electricity, water, gas, segunda cedula de ocupaci├│n, etc. 400-500€  

Important Documents and Procedures

Some documents must be at hand when purchasing a property in Spain

NIE number. (N├║mero de Indentificaci├│n de Extranjero) The form for applying for the NIE can be obtained at the local police station. We can provide a full service in obtanining your number. (Cost of passport and passport photograph) Click here for document

Bank account. We can also guide you through opening a bank account

We will be please to help you on all practical needs and help needed before puchasing a property in Spain including researching local schools, health centers, tax advice and general local information. Please contact us.