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Home  /  Buying Process  /  Frequently asked questions

Buying Process

What do I have to do to be able to buy a house in Spain?

See our legal guide

What are the advantages of living in the village? In the country?
Both have their own advantages and disadvantages. The idyllic image of living in the country can be tempered with the feeling of being isolated and the necessity of having to travel to go to the shops. In spite of this, maybe what you are looking for is tranquillity, peace and wonderful views.
The disadvantage of living in the village is an increase in possibly, the noise and views can be limited, but the hum of the streets and the nearness of the shops can convert this in to a benefit. Learning Spanish can be easy if you have people to practise with, and often shop keepers and local people are happy to help.

What is the advantage of living in the country or in the village for children?
If you have children of school age, maybe you are considering a property near to the village. Through our experience we know that children tend to learn faster if they are integrated into the community. They will make friends quickly and will learn Spanish better if they live in the village.

Can I/we get a mortgage in Spain?
If you decide to apply for a mortgage in Spain we can help you to find the most convenient one by putting you in touch with the local banks. The bank will send a valuer to the property. The bank will lend a percentage of the total of the valuation of the property, normally around 70%, although this can vary depending on the bank. The bank will ask for the following documents for the process: A copy of your passport, a copy of you NIE number, your permanent address, marital status, your wage slips and the properties that you have in your own country.

If I have to go back to my own country, how can I be sure that everything will go to plan?
You can put complete trust in your solicitor and ourselves, we will supervise the buying process. We will make sure that once the documentation of the property has been revised by your solicitor, the signing of the title deeds is carried out as soon as possible and we will keep you informed every step of the way. For us communication is very important and you can be sure that you will always know what is happening.

What happens if I can’t go to the Notary for the signing of the title deeds? It is very common to give power of attorney to your solicitor so that they can sign in your name.

Is it possible to buy a property from abroad?
If you have to go home and then decide to make an offer on a property that you have seen previously, we can do this for you. Once an offer has been accepted and you have paid the 3000 € deposit to take the property off the market, we will contact your solicitor and we will let them have all of the documentation to start the process.

What happens if we change our minds about the chosen property?
Once you have signed the documentation for the property and have paid the deposit, this is considered an official intent to buy the property. This deposit is not refundable, unless, it specifies in the contract and for a justifiable reason that doesn’t permit the operation to go through. It is extremely important that you are absolutely sure about the property you would like to buy and that you are not under pressure when signing the deposit documentation.
This deposit will be refundable if when your solicitor revises the documentation they found that it is not possible to sign the title deeds of this property.

How long will it take from signing the contract until everything is finished?
It depends on yourselves and the seller, as well as the necessary documentation and your solicitor, but between 3 weeks and 3 months.

When will I/we receive the keys to the property?
You will receive the keys when the title deeds are signed before the Notary and the payment is completed, this is when the property will become yours.

When do I/we need to insure the house?
The house insurance starts to be your responsibility from the moment you finish at the Notary’s office. Most Spanish insurance companies offer policies which show the building and the contents separately. To obtain a quotation you will need the following documentation:

• Full name and NIE number.
• Date of birth.
• Profession.
• Full address of the property.
• Build size.
• Contents value.

If you don’t live in Spain permanently, the insurance company may also need:

• Number of doors and windows that the property has and if they have window grills and/or security glass.

At Cómpeta Properties S.L. we offer house insurance, so that you don’t have to worry about anything. We can let you have a quotation, quickly and under no obligation.

Do I/we need to make a will in Spain
You are not obliged to do so but it is advisable, so as not to have any risk of your heirs losing their rights to your assets.

When and how can I/we make a will? This is something that your solicitor will do when you are buying and it is normal to sign this before the Notary on the same day as the signing of the title deeds.

Solicitor or Gestor?
To buy a house we recommend you work with a solicitor specialized in buying and selling. The Gestor is more like an account and carries out activities in relation with the payment of taxes, rates, etc…..

What do I need to be able to sell my property?
The documentation that you need to supply is the following:

• Copia simple of the title deeds
• Copy of the Nota simple
• Copy of the last IBI bill (that should correspond to the current period)
• Copies of latest utility bills (water, electricity, telephone…)
• Copies of the owners NIE numbers

Together with this documentation, we will fill in a “permission to sell” form, that the owners need to sign to confirm that they are willing to put their property on the market with us, as well as the conditions agreed between the sellers and us, as the estate agency.

Avenue Sayalonga,24 29754 - Cómpeta - Málaga - Spain
Phone:: (0034) 952 516 107 info@competaproperties.com

Avenue.Constitución 37. Cómpeta - Málaga -Spain
Phone: (0034) 952 553 589