Expert lawyer in real estate transactions in Spain

Buying and selling a property is an important operation that you have to do correctly, since it usually involves a high investment. When you decide to buy a property you have to thoroughly analyze all the information before carrying out the operation.

In this type of situation it is advisable to have a lawyer for the sale of real estate in Spain. Lawyers specializing in real estate transfers have in-depth knowledge of the real estate market and the necessary documentation.

Is it necessary to hire a Spanish lawyer to review real estate transactions in Spain?

A lawyer for the buying and selling real estate in Spain offers you many advantages and will give you the peace of mind that the operation is carried out properly. We tell you what are the benefits you can get if you have a lawyer buying and selling real estate in Spain.

If you analyze the list of services that you may need from these lawyers, you will be able to see everything that having these professionals can bring you.

What is the process for buying a property in Spain?

  1. Get your NIE “Número de Identificación de Extranjeros”
  2. Find a lawyer speaking your language and Spanish.
  3. Open a Bank account.
  4. Do you need a mortgage?
  5. Sign the “Reservation Contract”
  6. Important checks of the property with experts.
  7. Get your mortgage confirmed
  8.  Sign the “Earnest money contract”
  9.  Go to the Notary for signing the contract for the purchase of the property

Expert Layers

Expert lawyers in real estate transactions

Lawyers Specialized

Buying and selling real estate in Spain

Specializing in the legal aspects

Sales and Acquisitions of Real Estate & Lease Agreements

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Property lawyers: Main services around the buying and selling a property in Spain for Expats

Buying and selling a property in Spain implies the development of certain activities and tasks that you should not neglect and that you should pay attention to in order to avoid future displeasures.

Advice during the whole process of buying and selling:

A lawyer for real estate transactions will allow you to know in depth all the important information about the property. There are data that are important such as the land registry, the land registry, or information about the status of the property in relation to taxes or legal situation.

Real estate transactions in Spain should be carried out considering that all documentation is correct and in accordance with the law.

Tax planning:

Another area where lawyers for real estate transaction can help you is about taxes. In any real estate transaction it is necessary to pay certain taxes and a specialized lawyer will be able to advise you on the best way to do the transaction so that the payment of taxes is as low as possible.

Elaboration or revision of contracts

The contract of sale of a property can be a long document with a lot of specialized information. In many cases it is complicated to understand well all the concepts that are included in it.

Lawyer for buying and selling real estate in Spain  will be able to analyze all the clauses of the contract to give you the necessary information and detect any irregularity or any situation that may give rise to complications in the operation.

Preparation of the documentation

An important aspect that can involve having a lawyer specialized in real estate transactions is the access to the consultation of the documentation of the property itself.

There are procedures that specialized lawyers can carry out in a simpler and more direct way and will save you time and effort. In addition, a lawyer can know if the documents are correct and are made according to the regulations, saving you also problems in the future.

Among the documentation that you have to have present at the time of making the sale is a simple note in the land registry where you can see information on whether the property has charges or encumbrances or if there are any limitations on the property.

The land registry is another aspect to consult before buying a property. Therefore, the lawyer will be able to consult if the data of the cadastre coincide with the data of the purchase-sale and if everything is properly registered.

If the cadastre data are adequate, the value of the mortgage can be established properly and according to reality. If there is no proper agreement between buyer and seller, the lawyer will alert you and advise you of the adjustments that are necessary.

Legal and Tax Representation

Among the services offered by a lawyer is the legal and fiscal representation of the parties involved before the administration for the processing of all types of taxes and legal documentation.

Undoubtedly, to have a specialized lawyer is fundamental in any sale and purchase process if you want it to develop normally.

Procedures with the administration

A lawyer can also help in all the managements with the public administration. In this way, among the services that they can offer you is to carry out all the formalities so that you do not have to worry.

When problems arise in the process of buying and selling real estate, it is important to have a specialized lawyer who can solve them. In this way, having these professionals will allow you to have the peace of mind that all the problems that may arise can be solved.

FAQs

What does a real estate lawyer do?

Real estate lawyers know how to, and are legally authorized to, prepare and review documents and contracts related to the sale and purchase of a home. In some cases, a real estate attorney is also the person who’ll be in charge of your closing.

Do you need a lawyer to buy a house in Spain?

If you’re buying a property in Spain it’s crucial that you instruct an independent Spanish lawyer early in the buying process to ensure that your interests are protected. You’re chosen lawyer should: Be independent –This means your lawyer is not linked in any way to the vendor or estate agent.

How much are solicitors fees for buying a house in Spain?

Legal costs may vary depending on the property you are buying. As a general rule, they may be around 1% plus VAT of the property price, with a minimum price in the case of small value properties. Your lawyer will ask you to sign a Spanish power of attorney to assist with the whole transaction

Can you use the same solicitor to buy and sell a property?

Yes, of course! In Spain – barring any conflict of interest – the Lawyers’ Deontological Code does allow one lawyer to act for two parties, under the following terms: Art. 13.4: The Lawyer cannot act for two parties with conflicting interests

Do I need a Spanish bank account to buy a property in Spain?

The funds for the purchase of any property in Spain need not come from a Spanish bank account, although that is certainly the most sensible way to proceed. What is important is that the source of the funds is clear and that the payment of the funds from buyer to seller is apparent from documentation provided.

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