- Once buyer, seller and Notary have signed the Deed of Transfer and the seller has received payment, the buyer has to pay taxes (see “Negotiating the Purchase Price” above).
- The Notary carries out the entire tax payment and registration process. If you are using an independent solicitor, he or she will handle it. Either way, you will be asked to make a payment to cover estimated costs.
- The Transfer Deed is then taken to the Land Registry to be recorded and the property put in the new owner’s name. This typically takes around six weeks, and is the last step in the sale-purchase process.
- 2-3 months later the formal Escritura document will be ready for the buyer to collect at the Notary’s office.
