Buying a home in Spain is a significant decision, especially for foreigners unfamiliar with the Spanish legal system. If you’re considering buying property in Torrevieja or another area of ​​the Costa Blanca, understanding the legal process from the outset is crucial to avoiding mistakes, delays, and future problems.

The first essential step is obtaining your NIE (Foreigner Identification Number). This number is mandatory for any legal or financial transaction in Spain, including buying or selling a home. You’ll also need to open a Spanish bank account to manage payments such as the purchase price, taxes, notary fees, and utilities.

Before signing any documents, it’s vital to analyze the property’s legal status. This includes verifying the actual owner, checking for mortgages, liens, or other registered encumbrances, and ensuring the property complies with planning regulations and has the necessary permits. Many foreign buyers are unaware that a property can have legal issues even if it’s occupied or appears to be in good condition.

One of the most delicate moments in the process is signing the earnest money contract. This document establishes the price, payment terms, and conditions of the sale, and a down payment is usually made. An error at this stage can result in the loss of the deposit or subsequent legal disputes. The sale is formalized before a notary public by signing the public deed. At that time, the remaining balance is paid, the keys are handed over, and the registration process begins. Afterward, it will be necessary to handle taxes and transfer utility services to the new owners.

Having legal advice from the outset allows for a secure and worry-free purchase, avoiding surprises and protecting your investment.