1) Checking of Debts
You need someone with experience who speaks good English as well as Spanish, who will explain everything properly to you and detail the costs. Searches need to be carried out, as it is vital to check a property is free of debts, has a title deed, check licences, make sure all documents are in order and ensure the property has been built properly (or even been built) and legally without claims on it from a third party.
2) Good Communication
Not only do customers need someone who understands the system and paperwork, plus speaks excellent English as well as Spanish, but something vital for clients is good communication. Too many firms ignore emails and telephone calls or take a “manaña” approach in responding to them, which is infuriating to clients trying to buy or sell a property. We pride ourselves on our communication and try our best to respond promptly and to keep customers informed of what is going on.
3) Information Regarding Taxes and Costs
Too many times we have heard of people not being properly informed and aware of the taxes and costs they will incur; 10% buying tax, notary and land registry fees, legal fees, any mortgage costs, Wills, NIES, house insurance, and power of attorney if needed. It is absolutely essential that people go into a purchase aware of the taxes and costs at the outset, both for the purchase and for afterwards in the long-term.
4) Explanation and Calculation of Non-Resident Tax
Many people purchase a property who do not live in Spain and are not advised that if they are non-resident, by law, they have to make an annual income tax declaration; the non-resident tax declaration. We not only fully explain this but make sure that customers remain up to date with this responsibility. Our customers are not just a transaction, it is a relationship for life.
5) Moving the Process Along
We all know what it is like. You get excited about a property, put the deposit down and instruct the experts to deal with the paperwork, then everything grinds to a halt. This does not happen with us. We keep the process moving along because we understand that there is nothing more frustrating than making a commitment and then nothing happening.
If you want to be sure that your property purchase is going to happen, and that everything is going to be dealt with properly, then use Spanish Solutions to assist you in the purchase. Thousands of happy clients will tell you it is a decision you will not regret and the above are only 5 of the reasons to do so.
Please contact us if we can be of assistance with a property purchase.