Question 1

WHAT DOCUMENTATION DO I HAVE TO PROVIDE TO SELL MY HOME?

Accepted Answer

For a correct processing, you must provide a copy of the deeds and the ID of the owner (if you are not yourself), the last receipt from the IB and other expenses such as water and gas. In addition, it is also important to provide, days prior to the sale, a certificate of being aware of all community payments and the Energy Efficiency Certificate.

Question 2

WHAT EXPENSES DOES THE PURCHASE PROCESS INVOLVE?

Accepted Answer

The fixed expenses that the buyer must assume when buying a home, apart from the amount agreed for the purchase of the home, are several:
If you are going to need financing, you have a series of expenses prior to signing such as appraisal (which will give a value to the property on which the bank will govern its operation) and possible banking products included with the mortgage.
In both cases, if you finance or not, the expenses would be the following:
The public deed of sale certifies the change of ownership. This must be done by a notary and their fees, regulated by the Administration, depend on the price of the property and other factors such as the number of guarantors or the length of the deed. If it is purchased through a mortgage loan and there is no subrogation, two deeds must be carried out: the purchase deed and the mortgage deed.
Being regulated by law, all notaries in Spain charge the same for the same service. For official protection housing and subrogations, prices are lower.
Municipal Tax on the Increase in Value of Urban Land: the taxes and their costs vary greatly depending on whether it is a new-build home or a second-hand one. Among the most common taxes, would be these:
VAT: you will only have to pay it when it is a new-build home and it is purchased directly from the developer. In this case, buyers have to pay 10% VAT of the purchase price. VAT is 4% when it comes to officially protected housing.
Patrimonial Transmission Tax: you will only pay it if it is used housing. It is 10% of the deeded price. This percentage may vary if you are a large family, due to disabilities or if you are under 32 years of age, among other factors.
Tax on Documented Legal Acts: it is paid for signing at the notary and registering each public deed in the Registry. Its basis for calculating mortgages is mortgage liability and, although it varies depending on the amount, the type of home and the Autonomous Community, it ranges from 0.1 to 1.5%.
Agency expenses the agency processes the liquidation of taxes and the paperwork for the registration of the home in the Registry, both the deed of sale and the mortgage, if any. The rate varies depending on the company and it is normal to request a provision of funds for the payment of these procedures and, once the purchase and the mortgage are registered in the registry, the remaining money is returned.
Registration in the Property Registry: the expenses of the registration in the Property Registry vary according to the value of the property, depending on its location and its characteristics. The rates are approved by the Government, can be consulted in the Official State Gazette and do not usually exceed 1%.
In the event that this registration is made by an agency, the fees of the agency must be paid. Contrary to what happens with notaries, the fees of the managers are not fixed and, therefore, it is advisable to be well informed before hiring one.

Question 3

WHAT IS THE ENERGY CERTIFICATE?

Accepted Answer

Certificate of Energy Efficiency. It is a mandatory legal requirement for property sellers. In addition, the Certificate must be endorsed by the competent body. The price varies depending on the type of housing.

Question 4

CAN I SELL MY PROPERTY IF I HAVE A MORTGAGE?

Accepted Answer

If you can sell the mortgaged home, and on the day of the signing of the public deed, the agent of the bank that granted the mortgage will receive the amount pending payment of the loan and the rest will be paid to the seller.

Question 5

WHAT TERM DO I HAVE TO PAY THE PLUSVALÍA?

Accepted Answer

The deadline to settle the Municipal Tax on the Increase in Value of Urban Land (capital gains) is 30 days from the signing of the public deed.

Question 6

WHAT IS THE DEPOSIT AGREEMENT?

Accepted Answer

The deposit contract is a very common private contract between the parties for the reservation of the sale of real estate such as a home, giving an amount of money as a deposit as proof.

Question 7

WHAT IS THE PUBLIC SALE DEED?

Accepted Answer

When we are going to buy a house, the last necessary procedure is the public deed. It is a deed signed before a notary for the subsequent registration of the property in the Land Registry.
The public deed is formalized before a notary, among other things, so that the latter can ensure that all parties have understood the document they are signing. The notary has the obligation to read and explain the entire document and all its clauses.
This is also important if there is a mortgage, and if a bank representative is present in the room, since they will also be in charge of checking that everything is in order and that the interests and clauses are not abusive. If there is any unclear element, you have the obligation to notify the buyer.

Question 8

WHAT IS THE GOLDEN VISA?

Accepted Answer

Of the different types of investments that enable the application for a residence visa, perhaps those of a real estate nature have been the ones that attract the most interest from those foreigners with the capacity to invest, which is why queries regarding this type of investment and the nature of the real estate to be acquired in order to comply with the budgets of the Law.
Law 14/2013, of September 27, "supporting entrepreneurs and their internationalization" which generally aims to promote an entrepreneurial culture and create a favorable environment for the development of economic activity. Within this law there is a section, entitled "international mobility", in which a new and specific legal framework (visas and residence permits) is created for qualified immigration and investors, clear, agile, specialized and facilitating with the objective of promoting the entry of investment and talent to promote economic growth and job creation.
Residence is granted to those foreigners who buy a property located in national territory with an investment of the following characteristics:
Investment of at least €500,000:
Excluding taxes. €500,000 plus VAT or ITP and expenses that are not included in the price.
€500,000 per investor or family unit and on a property or several properties as long as they reach this minimum amount as a whole. The spouse and children do not need investment.
This initial investment, of a minimum of 500,000 euros, must be totally free of charges and encumbrances. The amount of investment that exceeds €500,000 if it can be taxed, for example with a mortgage.

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WHAT DOCUMENTATION DO I HAVE TO PROVIDE TO SELL MY HOME?

WHAT EXPENSES DOES THE PURCHASE PROCESS INVOLVE?

WHAT IS THE ENERGY CERTIFICATE?

CAN I SELL MY PROPERTY IF I HAVE A MORTGAGE?

WHAT TERM DO I HAVE TO PAY THE PLUSVALÍA?

WHAT IS THE DEPOSIT AGREEMENT?

WHAT IS THE PUBLIC SALE DEED?

WHAT IS THE GOLDEN VISA?

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