Buying a home in Sotogrande
Buying a  home  in Sotogrande

If you are considering moving to a warm and sunny climate and  thinking of buying a home in Sotogrande, either as a permanent home or  holiday home

Luxury Partners Real Estate S.L can advise you on  the process of buying a home in Sotogrande   

You will have researched the area and already know About Sotogrande and the Sotogrande Neighbourhoods and  may have decided to relocate to send your children to the acclaimed Sotogrande International School
or just wish to own a beautiful home in the sun, either way, you have made a perfect decision to live  your best life.

We have listed below this helpful guide:

Hire a reputable lawyer:

Once you have found a beautiful home that  you like , please hire a reputable lawyer to help you with the legal aspects of the purchase.

Luxury Partners Real Estate  work with a number of reputable  lawyers such as  Pujol Wilkie Associates    

  or Gonzales Sanches and Partners

The lawyers we recommend are  highly skilled in  the property legalities that are required for buying property in Sotogrande and  we are are delighted to

further advise you on a lawyer that will be a perfect fit for your requirements ,including speaking your language

Lawyers  help you with the necessary paperwork, advise you on the legal requirements, and ensure that the purchase process is legally binding.

Obtain a Spanish Tax Identification Number (NIE):

You will need to obtain a Spanish Tax Identification Number (NIE) to buy a home in Sotogrande .  We can advise on how you can do this easily.

Open a Spanish Bank Account

You will also  need a Spanish bank account to transfer funds for the purchase.  You can do this at the bank  you have chosen or online if it is more convenient to you

Apply for a Mortgage ( if needed):

If you need finance to purchase the property, research mortgage options with Spanish banks. You will need to provide documentation such as income and asset information.

Make an offer on the home that you want to purchase

Once you have found a property that you want to purchase, make an offer and when your offer is accepted  your next step will be to

Sign a reservation agreement:

On signing this agreement you will normally pay a deposit to reserve the property

This fee  is around €6,000 euros, depending on the price of the property   ( Please note this amount will be deducted from the final price)

Pay a deposit on the property.

You will pay a deposit on  your home  within a few weeks or signing the reservation contract

( this is normally 10% of the property price)

Sign the purchase contract

Your lawyer will review the purchase contract and advise you on any changes that need to be made.

Once the contract is satisfactory, you will sign it and pay the remaining balance.

Register the property: Your lawyer will register the property with the local land registry.

Please budget for additional costs  such as taxes, notary fees, and registration fees,

Transfer tax  7% ;  Registration fee 1% ;  Lawyers and Notary 1-2%

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