The buying process in Spain

How the selection and subsequent purchase of a property takes place:

Procedure

• Contact us:
  Write to us or call us and we will discuss your intention. We will advise you professionally and fairly. We will discuss your requirements, technical parameters such as size, location, etc., and together we will choose your dream property. We never sell something that we would not buy ourselves.
• Property selection:
  You can also visit our website WWW.MOJENEMOVITOSTUMORE.CZ and choose a property from our current offer.
• Property tour:
  You decide how you want to view the property. You have the option of either a real-time online tour or an in-person tour.
  If you choose a personal tour, we will take care of your transportation to and from the airport for free. We will arrange tours on site, where you will be taken care of directly by the company's executive.
• In-home tour and physical tour:
  It works like this: after selecting a property and viewing it from the comfort of your home, you can go to the location for a physical inspection, during which you will experience the surroundings of your chosen apartment.
  You will pay part of the price of your future apartment in advance, exactly 1000 euros. After selecting the property on site, this amount will be deducted from the price of the property you have selected.
  If you do not decide on a property on site, you have time to decide from the comfort of your home. If you still do not close the purchase of the property, this amount is non-refundable and will be used to reimburse the costs incurred during the viewing.
  We are a stable company with many years of experience, but we are not a travel agency. With this step, we want to limit tourists who want to stay by the sea for free at our expense.
• Reservation agreement and fee:
  After selecting a specific property, we will prepare a reservation contract and you will pay a reservation fee so that we can reserve the property you have selected for you. The reservation fee is part of the purchase price and is €3,000-5,000. It is paid to an account in Spain. The commission is payable in the Czech Republic.
• Fees associated with buying property in Spain:
  When buying a property in Spain, you should expect your total costs to increase by fees and taxes of around 12-14% of the purchase price. This includes registration fees, notary fees, mortgage fees, and transfer tax.
  Property transfer tax is paid on second-hand properties (not new construction). The tax depends on the region (Comunidad Autonoma) where the property is located. Most coastal regions (Andalusia, Valencia, Catalonia) have a transfer tax of 10%. In central Spain the tax is lower, in Madrid for example only 7%.
  Legal fees are usually 1% + VAT of the property price, lower if the property is over EUR 500,000. Notary and cadastral fees range from approximately EUR 1,000 to EUR 10,000, depending on the property price and other factors.
  This tax is not paid for new buildings, but instead a VAT of 10% is paid.
  The real estate agent's commission is included in the price of the property.
• Issuance of necessary documents:
  Then the necessary documents are drawn up (purchase agreement, legal services agreement, power of attorney, escrow agreement, etc.). In order to carry out all these steps and prepare the contracts, we need to establish a NIE number for you, which is necessary for any financial and legal activity in Spain. This number works similarly to a birth certificate in the Czech Republic and serves to identify you.
  The amounts are usually held in an escrow account with a lawyer or notary in Spain.
  This is followed by a notary's transcription, registration in the real estate register and issuance of a title deed - the so-called certificate.
• Did you know that it is possible to finance the purchase of a property in Spain with a mortgage loan? Yes, it is indeed possible, even for foreigners who would like to buy their dream house or apartment on the sunny coast. We can help you with this process - from choosing a suitable property to securing financing and completing all the necessary formalities. Thanks to our experience and knowledge of the local market, we will make your journey to owning your own home in Spain easier!
• Property operating costs:
  Electricity and water:
  You will pay up to €130 per month for electricity and water here, depending on consumption.
  During the period when you will not use water and electricity, the price will not exceed €10.
  IBI tax:
  Property tax depends on the size and age of the property.
• Monthly profit from long-term rental:
  The monthly profit from real estate is 800 to 2300 euros, depending on the type of property you own.
• Client portal:
  Yes, that's right. We value every client, we communicate for a long time and help with the subsequent management of the property. We are not a company that entices you to buy and that's it. As proof and something extra, we have created a CLIENT PORTAL for our clients available at klienti.mojenemovitostumore.cz, where you can manage your property. The client portal is available to you for free.
• Managing your property:
  We will also take care of the operation of your property. From preparation for rental to major repairs and changes to the offer. Registration with authorities and arranging rental permits is a matter of course. Our many years of experience will be useful to you.
  After purchasing the property, we will be happy to help you with everything!

Whatever you need, call 608 953 953 or write to us by email:

info@mojenemovitostumore.cz

Tsvetomir Zlatkovski will answer you.

Kind regards, Company Director