Buying and selling properties in Spain. What to know in advance.
In the case of Spanish country properties to reform there are many factors to take into account, most importantly:
Is the building legal and registered? The Notary will check if the building is registered and if it is legal.
Will I get planning permission to extend reform or rebuild?
As soon as you have decided to purchase a property, and before handling any money or signing any contract, Country Property will accompany you to the Council to get the certificate that assures us we can restore, rebuild or build in the property you want to buy.
Will I be able to resell later if I need to?
We have considerable experience in dealing with country properties in Spain, planning permissions etc…and have good local contacts with town halls and planning departments, helping us to avoid problems and make your dream Spanish property a reality.
In Country Property, you will have a certified Architect who will inform you of anything to do with building, restoring, rebuilding and reforming on the existing property.
Often overlooked when buying property in Spain, structural surveys are not automatically carried out here as a routine part of the purchase process.
While developers of Spanish new-build and off-plan properties are required to have insurance to cover structural problems that may arise, sellers of older or resale properties in Spain are not liable for structural defects.
Surveys here are usually conducted by an aparejador (technical architect)or an certified architect, who can also provide advice on the scope and price of work needed and planning issues. We have an architect in our team. Obviously, you can contact with any other professional to do the surveys.
While some Spanish sellers are prepared to take an offer, others will hold out for the full asking price. Country Property always negotiates the best price with the seller before putting the properties on the market.
At this stage you need to know the costs and expenses involved. These come to roughly 10% of the declared purchase price, and are as follows:
Notary’s fees (Honorarios de notario)
VAT and Stamp Duty (IVA, Impuesto sobre Transmisiones Patrimoniales)
Land Registry Fees (Aranceles Registrales)