The province of Alicante, with its beautiful beaches, Mediterranean climate and cultural charm, attracts many buyers interested in settling in this region of Spain. However, before turning your dream of purchasing a home into a reality, it is crucial to be aware of the necessary procedures to ensure a safe and hassle-free purchase.
Housing identification:
Before diving into the purchasing process, it is essential to clearly identify the home in question. Verify property documentation, including deeds, plans and any other relevant information.
Simple Note from the Property Registry:
Obtain a Simple Note from the Property Registry to verify current ownership and possible charges on the home.
Obtaining the NIE:
If the buyer is a foreigner, it is necessary to obtain the Foreigner Identification Number (NIE). This number is essential for any real estate transaction in Spain.
Energy efficiency certificate:
Make sure you obtain the home’s Energy Efficiency Certificate from the seller. This document evaluates the energy efficiency of the property and is mandatory for any sales process.
Certificate of non-urban infraction:
This document is issued by local or municipal authorities and certifies that the property has no violations regarding urban planning regulations.
Legal advice:
It is crucial to have the advice of a lawyer specialized in real estate transactions. This professional will review all documents, draft the contract necessary for your purchase, and ensure that your purchase complies with local laws and regulations.
Obtaining financing (if necessary):
If you need financing for the purchase, make sure you have all the documents required by the financial institution and follow the approval process.
Signature of the Public Deed of purchase and sale:
The transaction is formalized by signing the public deed of purchase and sale before a notary. Here, the final payment is made and ownership is transferred to the new owner. The corresponding taxes must also be paid, such as the Property Transfer Tax (ITP), which is applied to the purchase of second-hand homes and in the Valencian community it is 10% or the Value Added Tax (VAT), which It applies to the purchase of new homes directly from the developer or builder and in most transactions it is 10%. These percentages are indicative and may be subject to regulatory changes.
Finally, the deed must be registered in the Property Registry to make the transaction official.
Often, when arriving in Spain in search of the ideal home, one chooses between a new or renovated home. From our experience, we affirm that deciding to buy a home to renovate, instead of one that has already been renovated, can be not only more profitable, but also the best way to achieve the home of your dreams.
With the support of Decoproject Home, you can trust that your renovation project will be in expert hands. From the initial design to the delivery of keys in hand, we are committed to offering you a complete and personalized service. Every detail of your renovation project will be carefully planned and executed, guaranteeing exceptional results that exceed your expectations.
