General
Buying a home in Spain is a fantastic step! It is an adventure full of possibilities, but good preparation is essential. In this article you will discover how the purchase process works, what you can expect and what points of attention there are. This way you can invest in your dream home under the Spanish sun with peace of mind.
Have you found your ideal home? Great! The next step is the reservation. This means that you sign an agreement that includes:
When signing, you pay a reservation fee (usually between €6,000 and €10,000). From that moment on, your home will be taken off the market. Please note that this amount is non-refundable. So make sure you are sure of your choice!
2. Legal check by a lawyer
In Spain, a notary has a different role than in Belgium. That is why we recommend hiring a specialized lawyer. This expert ensures that everything is legally in order and checks, among other things:
Do you want legal advice in advance or hire a reliable lawyer? We are happy to help you.
3. Applying for your NIE number
A NIE number (Número de Identificación de Extranjero) is a unique tax identification number in Spain. This number is necessary for:
Apply for your NIE number in time, because the procedure can take several months. This way you avoid delays in the purchasing process.
4. Signing of the sales agreement
Once the lawyer has carried out all the checks and gives the green light, you sign the sales agreement (the compromise). From that moment on, the purchase is final. The interim payments as stated in the reservation also begin.
These payments are made via a third-party account and are protected by a bank guarantee, so that your investment is completely safe.
5. The delivery of your home
Depending on the project, your new-build home will be delivered on average one year after purchase. For existing homes, this will of course be faster. In the meantime, you can already enjoy selecting furniture and decoration, and arranging practical matters such as internet.
There are a few important points upon delivery:
Of course, we will guide you through every step of this process!
6. Signing of the deed at the notary
Time for the official closing! At the notary, you sign the deed of sale and the final payment is made. Once the deed is signed, your home is officially registered in the Spanish property register. In addition, the water and electricity contracts are put in your name.
From that moment on, you are the proud owner of your Spanish home!
7. The keys to your new home in Spain!
Congratulations! Your Spanish dream has become reality.
At Sublicasa, our service does not stop after the purchase. We guide you before, during and even after the purchase of your home. As a recognized real estate agent in both Belgium (BIV number) and Spain (RAICV number), we go further than just selling a home. We ensure that you can enjoy your new home in Spain without worries, now and in the future! Read our blog ‘what now’?
Do you have any questions or would you like more information? Please feel free to contact us!