Many people want to go to Spain to buy real estate, so what is the process of buying a house in Spain?

What is the process of buying a house in Spain? Let's take a look at the detailed list. 1. Investigate real estate and bid for a house, which is similar to other European countries. The process for foreigners to buy a house in Spain is that the buyer will make an offer after seeing the house. If the seller accepts, the buyer and the seller sign a preliminary contract, and the buyer pays a certain percentage of deposit, usually 10% of the purchase price. Generally speaking, the seller's real estate agent needs to quote. As in other countries, the price can be negotiated.

The asking price of real estate is an indicator, not a demand. Unless the price is particularly attractive, or the buyer is competing with other buyers, it is best to start negotiations at a price lower than the asking price, but not so low as to offend the seller. Basic price negotiations are usually verbal. Once the framework agreement is reached, the buyer and the seller should ask the notary to reach a written offer.

Second, hire a lawyer or a real estate notary. Spanish notaries are not salespeople. Therefore, Australian immigrants strongly recommend that buyers hire lawyers to complete due diligence. Property buyers are responsible for property registration. Notaries can provide this service for a fee, or they can inform the registry that they can sell this service without completing the complete registration.

It should be noted that people must entrust a professional lawyer who has successfully registered with the Spanish Bar Association. You know, they will have a registration number. Buyers can ask for the registration number and then check with the Bar Association to ensure that reliable professionals are hired to prevent being cheated. Of course, registration does not guarantee honesty or ability, but it is the minimum standard. In order to ensure the smooth purchase, it is best to choose qualified old lawyers, who will provide the best service for buyers.

Third, arrange lawyers or professionals to conduct due diligence. Although buyers can buy Spanish real estate without any investigation, they can't do so. Because if there are major defects in the purchased property, these defects will always haunt the buyers and may pay related expenses in the future. There are usually two main ways to check existing properties. The appraisal report is a superficial investigation, which can provide the buyer with information about the market value of real estate. In addition, in-depth construction survey is also very important, which can let buyers have a deep understanding of the real estate situation.

Fourth, to buy a house in Spain, you need to entrust an interpreter. Overseas people who buy a house in Spain will provide a list of lawyers and translators. They can speak Spanish and another language. People can entrust professionals to get better service.

It is very necessary to buy home insurance in Spain. Australian strongly recommends that buyers buy home insurance in Spain. Housing insurance policy (including natural disasters, fires and other damaged property structures) is usually the premise of housing. Of course, it is best to buy a property insurance, especially for those overseas people who have not lived in Spain for a long time. Buying property insurance is definitely a wise choice. Generally speaking, the whole process of buying a house in Spain is not complicated. The most important problem to be solved is to entrust professionals, so that the whole process will be much smoother. Buying a house in Spain is the first step for overseas immigrants to buy a house in Spain, and it is also a very important step!