O ur main aim at La Zenia Realty S.L. is to make the purchase of
your home as uncomplicated and stress-free as possible. Our
extensive experience allows us to guarantee you a safe purchase.
Once you have chosen the right property, you will need to follow
these steps:
Properties on New Developments:
1.
Leave a deposit on the
property you have chosen. (This would normally be in the region of
€3.000.- Euros.
2. Agree with the builder the payment terms. Normally this will
take the form of an agreed schedule with payment of 50% of the
property price (including tax) being made within about the first
month with the balance payable on completion or in some cases the
remaining 50% is divided into two payments of 25%.
3.
Sign the contract with the builder.
4. Visit our independent English-speaking solicitors. On
your behalf they will check your staged payments, open a bank account
and finally go with you to the public notary to sign the title deeds
when completion takes place.
Resale Properties:
1. Leave a deposit on the resale property
you have chosen. Normally the deposit for resale properties
would be between €3,000 and 10% of the property price. This
will be agreed with the owner of the property. It is normally
possible to secure the property with an initial deposit of €3.000
with the balance of the deposit monies payable within a few days.
2. Agree with your agents the date for completion. This is
normally between one and two months (unless other terms have been
agreed). On completion you will be required to have cleared funds
available for the balance of the purchase price (including tax), less
the amount of your initial deposit.
3.
Sign the contract with your agent at our office.
4. Visit our independent English-speaking solicitors. On
your behalf they will check the payment terms, open a bank account
and finally go with you to the public notary for the signature of the
title deeds. They will also ensure that the house is free of
any legal charges, and that the community, water, electricity
charges, etc are paid.
In addition to the cost of the property, purchasers need to allow
for the following costs involved in the purchase:
New Property
: (7% Vat), Solicitors fees, Notary feeso, IAJD fees (tax on
juridical documents acts)
Resale Property: 7% of transmission tax, Solicitors fees,
Notary fees, IAJD fees (tax on juridical documents acts)
Note:
If you calculate an additional 10% in addition to the property price,
this will be enough to pay all the expenses involved in the purchase.
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