Buying process

Buyers

Buying a property is an exciting time for everyone involved. With Sure Homes, you are in safe hands. We have years of experience and we aim to provide a complete service from unrivalled expert advice to support in negotiating and managing the purchase of your Spanish property.

We offer a complete spectrum of property related services, working with trusted partners to ensure you get the best ongoing care, during and after your property purchase. We help you with currency exchange or help setting up direct debit for your bills, whatever you need, Sure Homes are available 7 days a week to ensure the service, support and advice is second to none.

If you are an international buyer, Sure Homes can help arrange everything to make your visit as smooth and carefree as possible. We are on hand to ensure an easy and carefree experience. From accommodation recommendations to airport transfers and car hire, we will be happy to provide our list of tried and tested preferred partners who will ensure your trip goes without a hitch. We will pre arrange all viewing appointments on your behalf, making sure you get the best out of your visit.

Buyers Process

Once you have found your dream property with us and have decided to move forward with the purchase, the first step would be for Sure Homes to draw up a “Reservation Contract” representing your offer and the proposed terms of the purchase. With this contract, a small deposit is paid to take a property off market for a specified period whilst all necessary legal checks are completed by your lawyer.

Once all necessary due diligence is completed, a Private Purchase Contract (PPC) is then drawn up between you and the vendor. This will include full details of the terms and conditions of the purchase including the exact address and dimensions of the property plus the proposed completion date for the sale.

The final step is a visit to a notary office. This can be in person or through your Lawyer if you give them power of attorney. Here, the formal exchange takes place, title deeds are signed, the remainder of the sales price is paid and the keys are handed over. From this moment, you are now the rightful owner of your new property!

TAXES

Purchase costs and taxation when buying a property in Spain can vary. At Sure Homes, we advise our clients to budget between 10% and 14%. The exact amount will depend on whether it’s a new development or a resale.

VAT on the purchase of new development

10 % VAT (IVA) (Impuesto sobre el valor añadido)
1.2 % Stamp duty (IAJD lmpuesto de Actos Juridicos Documentados)
2 % Notary fees/Land registry
1% + VAT to the solicitor.

Transfer fee for Resale property

7 % Transfer Tax
2 % Notary fees/Land registry
1 % Solicitor fees

Need a Mortgage? Our preferred Mortgage partners will be happy to arrange an assessment and discuss your borrowing needs.