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Buying Procedure & Services           

You have found your ideal home in Galicia and after careful consideration you have decided to buy it.

Step 1: Contrato de Arras (Contract)
A private contract signed between the buyer and the seller. A deposit (normally 10%) is required. When the contract is signed it is agreed that when the buyer pulls out or cannot provide the remainder of the buying price at the end date of the contract, he or she will lose the deposit. If the owner of the property is in default of the terms stipulated in the contract, he or she will have to pay back double of the amount of the deposit to the buyer.

Step 2: NIE (Spanish tax identity number)
You will be required to have a tax identity number or Numero Identificacion Extranjero (NIE) and a Spanish bank account before the transfer of the deed.

Step 3: At the notary
In the notary office you and the seller will sign the deed (escritura de compraventa) pay the outstanding money and obtain the keys. The notary is a much respected public official who impartially ensures that the contract, prepared by him, has been signed, the money paid, and that both parties are aware of their tax obligations. The notary represents neither the seller nor the buyer or the estate agent. The notary limits himself to ensuring that both parties have correctly signed the contract and understand its contents. At the end of the meeting in the notary’s office you will have shaken hands with everybody involved and become the legal owner of the property, at that time you receive a copy of the signed deed. If you are unable, to be in Spain for this crucial meeting then you can make a power of attorney (poder) at an earlier date and give this power to your lawyer or other representative. Immediately after your meeting in the notary’s office, the notary will send your escritura de compraventa to the property registry office (Registro de la Propiedad) to be registered and converted into a public document or Escritura Publica. You will receive the original, registered deed roughly two months later.

Galiciavista will be at your side with every step and assist all buyers with obtaining a NIE number, opening a bank account and with the connections of the electricity and telephone lines, house insurance etc.
If you so desire, we will recommend English speaking lawyers, architects and builders. Our service does not stop after the notary, if you need assistance, we are there for you.

 

For those who want to use a currency exchange Company;

The Essential Moving to Spain Guide – FREE Guide  click to download.

Whether you are planning on buying a holiday home in Spain or making the move there permanently, you will no doubt have a lot of questions. To help answer these, and make the whole process that little bit easier Foreign Currency Direct have created a free Moving to Spain Guide.

The guide details everything you need to know about purchasing a Spanish property. The guide also includes other helpful information on taxes and finance, the Spanish healthcare service, education and even some pointers on navigating Spanish culture. There is also a handy emigration checklist to help you get prepared.
Simply click the link below and complete the short form to download the free Essential Moving to Spain Guide and information on how to save thousands when transferring your funds to buy a property abroad: The Essential Moving to Spain Guide – FREE Guide  click to download. Whether you are planning on buying a holiday home in Spain or making the move there permanently, you will no doubt have a lot of questions. To help answer these, and make the whole process that little bit easier Foreign Currency Direct have created a free Moving to Spain Guide.

The guide details everything you need to know about purchasing a Spanish property. The guide also includes other helpful information on taxes and finance, the Spanish healthcare service, education and even some pointers on navigating Spanish culture. There is also a handy emigration checklist to help you get prepared.

Simply click the link below and complete the short form to download the free Essential Moving to Spain Guide and information on how to save thousands when transferring your funds to buy a property abroad:

FREE Guide