The purchase and sale of a property is an important transaction that needs to be done properly, as it usually involves a considerable financial investment. When deciding to purchase a property, you must thoroughly analyse all the information before committing to the transaction.
In this kind of situation, it is advisable to rely on a conveyancing solicitor in Spain. Conveyancers are lawyers specialised in real estate transactions that have in-depth knowledge of the real estate market and the necessary documentation.
A Spanish conveyancing solicitor offers many advantages and gives you the reassurance that the deal is handled properly. Here are the benefits of relying on a Spanish lawyer for the sale and purchase of property in Spain.
Looking at the list of services you may require from them, you will see all you can get from having this type of professional on your side.
The sale and purchase of a property entails performing certain activities and tasks that cannot be neglected and that must be handled with the utmost care.
A conveyancing solicitor will provide you with a thorough understanding of all the important information about the property. Certain important documents such as the catastro or land register, the registro de la propiedad or title deeds, or the status of the property in relation to taxes and its legal status.
Real estate transactions in Spain must be carried out on the basis that all documentation is correct and in compliance with the law.
Another area where conveyancing solicitors can help is taxation. In every property purchase and sale transaction there are certain taxes that need to be paid and a specialised lawyer will be able to advise you on the best way to proceed with the transaction so that you pay as little tax as possible.
A property purchase contract can be a lengthy document with a lot of specialised language. In many cases it is difficult to fully understand all the concepts included in it.
A conveyancing solicitor in Spain will be able to analyse all the clauses of the contract to provide you with the necessary information and detect any irregularities or situations that could lead to complications during the transaction.
An important advantage of having a solicitor specialised in real estate transactions is their ability to access the documentation of the actual property.
Specialised lawyers can handle some procedures in a simpler and more straightforward way and will save you time and effort. Furthermore, a Spanish solicitor can check whether the documents are correct and in accordance with current regulations, thus saving you complications in the future.
Among the documentation you need to have in mind when buying a property is a nota simple (land registry report) in the land registry where you can check whether the property has any encumbrances or if there are any limitations on the house and its use.
The Spanish Land Registry also needs to be checked before buying a property. Hence, the solicitor will be able to verify whether the land registry data matches the transaction data and whether everything is properly registered.
The services offered by a solicitor include the legal and fiscal representation of the parties before the administration for the processing of all types of taxes and legal documentation.
Having a specialised solicitor is undoubtedly essential in any sale and purchase transaction if you intend for it to proceed smoothly.
A solicitor can also help deal with all the formalities required by the public administration. Thus, their services include handling all the paperwork so that you need not worry about it.
Whenever problems arise in the process of buying and selling a property, it is important to rely on a specialised lawyer to solve them. Having a professional on hand will give you the peace of mind that any problems you may encounter will be solved.
If you are the owner of a property on the Costa Blanca which you use as a second home, or to spend your holidays in Spain, this year you will have had the same thought so many others have had before you: How can I market my property as a holiday or tourist accommodation?
If you’ve come this far, it’s because you’re probably thinking of selling a house in Spain. Before looking for a real estate agent to help you find a buyer, we would recommend that you prepare all the documentation and consider the taxes you will have to pay.