Property buying Guide
Are you considering moving to a warm and sunny climate and buying a home in Marbella , Sotogrande or Estepona ,
Either as a permanent home , holiday home , or a beautiful property you can retire to
Luxury Partners Real Estate S.L can advise you on all aspects of the buying process and compiled this short buying guide.
Luxury Partners Real Estate S.L have a large number of properties for sale in these are and a delighted to help you find your perfect home.
We offer a completely bespoke and highly personal service to all of our clients .
Buying a property overseas can be a daunting prospect but we are here to guide you every step of the way
You will have researched the area and already know About Sotogrande , Marbella and Estepona may have decided to relocate to send your children to a new international school such as 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.
If any of these areas are new to you , we can advise on the areas that are most closely suited to your ideal lifestyle and lifestage.
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 https://pujolwilkie.com/
or Gonzales Sanches and Partners https://www.gonzalez-sanchezandpartners.com/
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%
Property for sale in Sotogrande
Villas for sale in Sotogrande
Sotogrande
Apartments for sale in Sotogrande Marina
