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Houses for sale in Moraira

Properties for sale in Costa Blanca & Villas in Moraira

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Procedures needed during the purchase of housing in Spain

Contrary to the belief of many, the sale does not end with the agreement between seller and buyer, but there are several procedures that buyers have to make after receiving the keys to their new home.

If you have ever bought a home, perhaps in your country, you will see that there are many similarities with the process here in Spain. However, there are procedures and protocols that are specific to Spain, which you should know, and on which of course it is also advisable to advise. In this post we summarize some.

Sign the deed of housing.

The signing of a public deed of sale for the transmission of a house is not mandatory, but it is highly recommended for the buyer. This document serves as proof of the existence of the contract and testifies to the content and date of the sale.

Inscription in the Property Registry.

Registration in the Property Registry is mandatory for those who require a mortgage loan to finance the purchase. For this, after the signing of the deed, the notary sends a telematic copy of it. This step is essential, to extend the presentation entry in the Property Registry, which has a validity of 60 days.

The owner can register the property in his name, which must state the load situation of the property at the time of signing the deed, a situation that must be checked and verified before a notary, before granting a public deed. To complete the registration, the payment of taxes associated with the sale must be credited. This management has a cost fixed by tariff that is estimated around 0.2% of the value of the purchase.

Payment of taxes associated with the sale.

The signature of the deed obliges the buyer to make the payment of taxes for the acquisition, which vary according to the type of property. For example, in the case of the purchase of newly built housing, VAT is levied (10% of the value of the property) and the Tax of Documented Legal Acts (AJD), which ranges from 1% to 1.5 % Depending on whether it is a regular home or a second home.

In the case of second-hand homes, the tax to be settled is the so-called Transfer Tax, whose amount changes from one autonomous community to another.

Tabaira Real Estate offers you a wide variety of houses for sale in Moraira.

Tabaira Real Estate is a real estate agent in Moraira. If you are interested in buying property in Costa Blanca North, trust us. We are happy to help you find the property of your dreams near the sea. Our chalets are located in incredible places like Moraira, Benissa, Teulada or Benitachell.

We invite you to take a look at our list of homes if you are looking for the ideal property to enjoy the sun and the Mediterranean. You will easily find the one that fits your needs. Contact us today.



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