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Step by step process of buying property in Spain

Buying a property in Spain can be a straightforward process if you follow the necessary steps. In MySpot Barcelona we help you navigate through the process and are with you at any step of it.

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Buying a property in Spain can be a straightforward process if you follow the necessary

steps. In MySpot Barcelona we help you navigate through the process and are with you at

any step of it:

1. Find a property: Start by searching for properties that fit your budget and

preferences – or let MySpot do the work for you. We can find the right property for

you or you can search online for properties listed on popular portals such as

Idealista, Habitaclia or Fotocasa.

2. Hire a lawyer or our legal service at MySpot Barcelona: Once you have found a

property, it is advisable to hire a lawyer or a trusted agency like My Spot Barcelona

who can guide you through the legal process. We can help you understand the

contract, negotiate the terms of the purchase, and ensure that the property has all

the necessary permits.

3. Obtain an NIE number: An NIE (Número de Identificación de Extranjero) is a tax

identification number that is required for all foreigners who wish to purchase

property in Spain. You can obtain an NIE number at a police station, a Spanish

consulate in your home country or with us for a minimum fee – headache and

hassle-free.

4. Make an offer: Once you have found a property you like, you can make an offer to

the seller. The offer should include the price you are willing to pay, any

contingencies, and the timeframe for closing the deal.

5. Sign a deposit contract: If the seller accepts your offer, you will need to sign a

deposit contract (Las Arras) and pay a deposit. The deposit is typically 10% of the

purchase price and is held in escrow until the sale is completed.

6. Conduct due diligence: Before the sale is finalized, you should conduct due diligence

on the property. This includes verifying that the property has all the necessary

permits and that there are no outstanding debts or liens on the property. At My Spot

Barcelona we do all the checks for you so you don’t need to worry about anything.

7. Sign the deed: Once you are satisfied with the property, you can sign the deed

(escritura) at a notary's office. The deed is a legally binding document that transfers

ownership of the property from the seller to the buyer. At My Spot Barcelona we will

check all documents for you, prepare any paperwork that you will need to hand in

and accompany you to the notary visit. We will guide you through the whole process

so you wont miss any detail and feel in save hands throughout the process.

8. Pay the remaining balance: Once the deed is signed, you will need to pay the

remaining balance of the purchase price. This can be done at the notary's office or

through a bank transfer. We accompany you to secure save payments or can do this

for you in case you are not in the country.

9. Register the property: Finally, you will need to register the property with the Spanish

Land Registry (Registro de la Propiedad) to complete the purchase. Let us do the

necessary paperwork for you so you don’t have to work through mountains of

paperwork in Spanish.

At MySpot we take the headache out of the selling and buying process and guide you

through it at every step of the way. Let us know what we can do for you.

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Step by step process of buying property in Spain

Buying a property in Spain can be a straightforward process if you follow the necessary steps. In MySpot Barcelona we help you navigate through the process and are with you at any step of it.

To new beginnings. Here we are. Here we start.

To new beginnings

Here we are. Here we start.

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