Here are the steps to follow when buying a property in Spain:
Set a budget: Determine how much you're willing to spend on buying a property, taking into account your income, savings, and the possibility of obtaining a mortgage if needed.
Seek legal and financial advice: It's recommended to seek the advice of a lawyer specialized in real estate law and a financial advisor to better understand the legal and financial aspects of buying a property in Spain.
Find a property: Look for properties that fit your needs and budget. You can use real estate agencies, online portals, classified ads, or hire a real estate agent to help you find a suitable property.
Conduct thorough research: Investigate the property you're interested in. Verify its legal history, urban planning situation, associated taxes, and any other relevant information. It's also advisable to visit the property in person.
Negotiate the price and conditions: Once you find a property you like, negotiate the price and purchase conditions with the seller. You can make an offer and reach a mutually beneficial agreement.
Sign a reservation or deposit agreement: To formalize the purchase commitment, it's common to sign a reservation or deposit agreement. This document outlines the details of the agreement, such as the price, conditions, and date of the final transaction.
Arrange financing: If you require financing, apply for a mortgage from a financial institution. You'll need to provide the necessary documents and meet the requirements set by the bank.
Complete the final transaction: Once all conditions are met and you've obtained the necessary financing, proceed with the signing of the public deed of sale before a notary. At this point, make the final payment, and the property is transferred into your name.
Register the property: After the purchase, you must register the property with the corresponding Land Registry to ensure ownership and legal protection.
Please note that these are general steps, and they may vary depending on the situation and location. It's important to have proper guidance throughout the process to ensure a safe and satisfactory purchase.