Complete Guide to Buying a Home in Spain: Legal Step-by-Step
Buying a home in Spain is a big step, and being legally prepared will help you avoid unpleasant surprises. In this guide, we explain the legal process in a simple way so you know what to expect at each stage.
- Obtaining the NIE (Foreigner Identification Number)
Before you start the purchase process, if you are not a Spanish citizen, you will need a NIE. This number is essential for any legal or financial procedure in Spain, including the purchase of a property. You can apply for it at a police station in Spain or at the Spanish consulate in your home country. No NIE, no purchase!
- Reservation of a property
Once you find your dream home, the next step is to place a reservation to ensure that the seller will take it off the market. Reserving the property usually requires a small deposit, which varies depending on the real estate agency or the agreement between both parties.
- Signing the Purchase Contract
The purchase contract is the preliminary agreement between the buyer and the seller. It sets out the conditions of the purchase, such as the price and the date of the signing of the deed. When signing this contract, you will also have to hand over an amount that is usually 10% of the total price of the property. Keep in mind that if you back out, you could lose this money, so it is important to be safe!
- Signing the Title Deeds at the Notary
The last step is signing the public deed. This official document is signed before a notary and, once signed, the property is officially yours. The notary will be in charge of verifying that the entire process is legal and registering the property in your name. Congratulations, you now have a home!
Conclusion
Buying a home in Spain can be an exciting process, but it also involves certain legal formalities that you cannot overlook. From obtaining the NIE to signing the deed, each step is crucial to ensure a smooth purchase. At A&G Lawyers we are with you from the moment you decide to buy a home in Spain, helping you find the perfect home for you, with all the relevant formalities, negotiating the home and, even after the purchase, we continue to advise you.
Don’t hesitate, we are the team you are looking for!