We are going to help you to buy a propertie in Marbella, and wat steps you should do for completing the proces.
One of the first steps you have to take is getting your NIE number ready.
The NIE number is rally important because it is your tax identification number in spain, wich the spanish autorities use to identify you in spain, and you need that to be able to registered for example to be owner of the propertie in spain once you have find your Favorite Home in Marbella.
And in the future your NIE number is your tax identification in spain and you will needed to open a bank acount in spain, so its esencial to have one. Its very easy to get one, you only need to have a valid Passport. Maybe the dificult part would be to get an apointment with th spanish authorities to file for your aplication, so it is better to think about this step from the beginning so that there, wont be any delays in your property purchase.
- You can go to the spainsh Embassy from your country and ask to get it from there.
- You can sign a power to somebody in Marbella ho can do it for you before you arrive.
- You can do it personaly once you are in Marbella.
How Long does the process to buy a propertie in Marbella take?
Now you have your NIE number in spain and if you also have find the property in Marbella.
How long does it take form now until i get the key of my new home?
The 3 typical steps are:
FIRST you sign a reservation agreement, normally you sign that reservation agreement as son as you have found the property in Marbella, because it is like a letter of intent where bouth parties say we want to move forward with this transaction during these conditions.
SECOND step is that you sign a private purhase contract, normaly you sign that within a time frame of 2 weeks, form the momento you have decided to buy the property, and after that the general time frame to sign the title deeds wich is when the transaction is fomralized for the note of republic, perhabs it is two months away from the moment when you have decided to buy the property in Marbella.
Normaly the proces will take more or les 2 months from the moment you have decided the property until you can get the keys in your hand. Of course this timeframe can change if you need to ask for morgage wich will depend if you ask in your home country bank or in Spain, normaly in spain the bank will give you from 50% up to maximum 70% of the value of the propertie. Now to summarise it will take:
-2 Days for Reservation.
-2 Weeks for Private purchase contract (Contrato de arras)
-2 Moths for the Title deads.
Wat fees i have to pay ?
Once i find the villa i want to buy, how should i think about my Budget?
First you need to pay Stamp duty and that is the tax wat goes to Andalusian government and basicly its on this scale:
-Until €400.000 you pay 8%
-Between €400.000 and €700.000 you pay -9%
-More that €700.000 you pay 10%
Apart from the stamp duty the buyer pays for the note republic due the title dead and they also have to pay for the fees for the registration in the propertiy register, and how much depends on the value of the propertie but it will be more or les €2.000 for a normal trasaction.
If you want to take a loyer the normal fees are 1% + VAT of the value of the propertie, but you dont will need one if you are delaing true a Good real estate agent. In total we have to pay, Taxes, Stamp Fees, Lawer Fees and Notary fees wich will ad around 10% on top of the Price wen you buy a property in Marbella.
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