Everything You Need to Know for a Smooth Purchase Process
Buying a property in Spain is an exciting journey, whether for a holiday home, investment, or permanent residence. At HOC, we simplify the process by guiding you through each step with our trusted partners—expert lawyers and mortgage brokers.
1. Set Your Budget and Financing
Determine your budget, considering extra costs like taxes and fees (10-15% of the purchase price). If financing, Spanish banks offer non-resident mortgages up to 70% of the property value.
2. Choose the Right Location
Spain offers diverse options, from vibrant cities to coastal retreats. Consider lifestyle, accessibility, and investment potential.
3. Find Your Property with a Trusted Agent
Our team at HOC helps you find properties that match your needs, negotiate the best price, and ensure a smooth experience.
4. Legal Checks & NIE Application
We connect you with expert lawyers who verify property legality, check for outstanding debts, and assist with obtaining your NIE (tax identification number required for property purchases).
5. Sign Contracts & Pay Deposit
Once due diligence is complete, you sign a purchase contract and pay a 10% deposit (Check the payment terms).
6. Secure Mortgage & Finalize the Sale
If using a mortgage, ensure approval before the notary appointment. The final title deed (Escritura) is signed before a notary, and the remaining balance is paid.
7. Register the Property & Set Up Utilities
Your lawyer registers the property in your name and assists with setting up utilities and community fees.
8. Enjoy Your New Home in Spain!
With HOC by your side, buying property in Spain is a hassle-free experience. Contact us today to start your journey!
