To remove the property from the market

This is a private contract signed between Buyer and Seller and it contains the main data of the sale. The Buyer guarantees his commitment to purchase the property and pay to the Agent or Seller an amount between 1.000 and 3.000 eur. This payment is part of the final sale price

We sign the private purchase - sale contract

In this contract the Buyer and Seller sign the  sale conditions and the Buyer pays by bank transfer the 10% deposit of the sale price. This payment is part of the final sale price.

Particular clauses will be reflected in this contract.

Selling price, reservation amount paid, date of sale, full identification of the property by registry data, etc

The selling process ends when the Public Deeds of Sale are signed before a Notary

The balance of the price is paid usually by special bank transfer or by bank check

If the Seller has a mortgage it is cancelled now and the Public Deeds of mortgage cancellation will be signed. 

The keys of your property will be in your possesion.

Please note, Notaries will not let you sign anything that is not legal or lacks something.

1. Energy Efficiency Certificate 

2. Certificate of neighborhood community confirming payments up to date.

3. Last 3 IBI receipt paid (annual real estate tax)

4. Seller ID and passport.

5. Last garbage receipt paid. 

6. Property Deeds of purchase or Nota Simple

7.  Last supplies invoices paid.

8. If there is a mortgage: bank certificate of mortgage cancellation and copy of mortgage deeds.

1. ID: NIE or PASSPORT

2. Inform to the Notary about: 

Buyer legal address, civil status, profession.

3. If the Buyer requires a mortgage, presentation of a document given by his bank has to be presented to the Notary so  the Notary can make the mortgage Deeds.

Notary fees for the sale must be paid by the Buyer.

Buyer and Seller must request always to the Notary, once you sign the Deeds, for a "simple" copy of the just signed Deeds.

Notary will call the Buyer when the purchase Deeds are ready to collect with the Notary bill to be paid. 

Notaries will always answer any question you may have.

Once the sale is signed: 

1. LAND REGISTRY 

The Buyer has to take the Deeds to the Land Registry where the property is registered. This is paid by the Buyer.

If there are mortgage cancellation Deeds, the Seller has to take them to the Land Registry and the fees are paid by him.

If there are mortgage Deeds, the Buyer also has to take them to the Land Registry and this registration is paid by him.

1. "Plusvalía" or Capital gain. This responsability lies with the Seller. This is only paid if there is economic benefit from the sale. If the Seller sells for less price than he bought it for, a claim must be made for cancellation of the payment of this  municipal tax.

2.  If the property sold is a "second hand" property,the Buyer has to pay the property transfer tax wich will be around the 7% of the selling price.

3. VAT. If the property is new the Buyer has to pay the VAT.  This tax has been set  at  10% added to the  selling price.