| Firstly,
a PROPERTY
REGISTER EXTRACT
should be obtained to show whether there are
any debts against the property, such as mortgages
or loans etc., and to confirm the current
owner of the property.
Then a check
should be made with the relevant authorities
– electric, water, rates etc. to make
sure there are no old invoices outstanding.
It
is important to arrange a NIF/NIE
number to present to the Notary and pay
taxes. For this you will need your passport
and a photocopy, and a completed application
form that you must take personally to the
Policia Nacional for processing. These numbers
usually take about 3-4 days. Note that the
NIF/NIE system is currently under review
and may be made obsolete.
A
PRIVATE (PURCHASE) CONTRACT is then
drawn up stating the terms of the Contract
– deposit payable, date of completion,
furniture included etc.
After signing the
OFFICIAL ESCRITURA
at the Notary’s Office, you will receive
a COPY of the document immediately. The
Official Escritura will be returned to you
once it has been checked and registered
at the Property Register, which is usually
3 – 4 months later.
The SERVICES
–
electric, water etc – must be signed
over in the Purchaser’s name and bank
authorisations completed and delivered to
the relevant offices.
In addition, all the relevant TAXES must
be paid.
See Also
Taxes
for the Buyer and Seller
Buying
a New Property
An
Example Purchase
General
Advice
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