How to buy a property in Spain
To ensure a stress-free property purchase and comply with the Spanish legal system, it is crucial to seek the support of expert agents from the very beginning. They can guide you through the process and help you avoid any potential failures and disappointments.
When it comes to investing in real estate on Lanzarote, there are some basic steps that can serve as a guide to help you understand the process. However, keep in mind that some steps may vary depending on the agreement and circumstances of the sale.
Once we have found the perfect property to suit your needs, Idolo Real Estate will negotiate the purchase process on your behalf. We will research the legal situation of the property, verifying the legal titles within the registry office to ensure, for example, that the title is free of any debts or charges.
Once both parties agree to the conditions of sale, the next step is to sign a private sales agreement and pay the deposit, which is usually 10% of the purchase price. These funds will be held in our client account or with the lawyer until completion. The remainder of the purchase price is paid upon signing at the Notary. We take great care to ensure that everything is prepared in advance and will accompany you throughout the stages of buying your home.
After the Notary appointment, we will register the title in the Land Registry Office, arrange the tax payments, and ensure that all paperwork is finalized. We are always available to assist you with any other help you may need during the process.
By following these steps and utilizing our expert agents, you can make a stress-free property purchase with ease while ensuring compliance with the Spanish legal system.