Our Guide, to make the purchase of your

property an unforgettable experience

In your hands
the most complete guide
the summary of our experience
from the last 10 years, and from the best
Real Estate Experts

Buying your home stress-free and at the best price

Guide for buying your property without worry

What is the reason for purchasing your property?

Why is it advantageous to buy through a Real Estate Consultant?
What costs should I expect when buying a home?
Do you need financing?
How to get your dream property
Important features to consider when buying a house
You have found your dream home, what is the next step?
Sign of the reservation agreement.
Your dream home has become finally a reality!

Congratulations! You are the new owner of your new home!

Why do you want to buy a house?

• The reasons why our customers have decided to relocate are as

follows: "We want to emigrate to a warmer country, it is very cold in
our country"
• "We are looking for a quieter area near the sea"
• "We want to change our lifestyle"
• "I want to live on my own"
• "We are retired and, want a property on the beach"
• "The family is growing, and we need a bigger house"
 "We all have our personal reason to change house"

Before you start looking for a new home, it is important to consider

your needs and desires.
Now that we are aware about our reasons and needs, we can start
looking for our new home.
 You can do it alone and / or with the help of a professional. The
search with a professional saves you time and money.

Required steps:

1. Get an overview of the property market through property portals

2. Visit the local area
3. Select skilled Realtor that know the area

Why is it a Benefit of using a Real Estate Agent when

buying a property?

There are people who think buying a house is easy, you look for it,
you find it, and you buy it.
This is a WRONG reasoning.
Buying a house is often one of the most important investments in
our lives. That's why we must avoid any risk and make the entire
process run PERFECTLY.

Are real estate agents worth the money?

A skilled Real Estate Agent collaborate with the best Builders and
has the best properties in your area.

Discover the services offered by a professional Estate Agent and

appreciate the benefits they can offer you so that you can make the
best decision when buying your new home.
 "A summary of the entire purchasing process"

Do this small test and indicate whether you prefer to

search your home by yourself or with the help of a Realtor:

  By your self   Broker

• Economic needs and opportunities.

• Search for properties, areas, criteria and prices.

• Selection of properties, compare of quality and prices

• Property viewing. What to look for?

 It is convenient to visit the house several times before
 taking a decision?

 • We have found a property; we are going to take it from the market!

How do you find out if the property is in good condition?
What type of contract is the reservation agreement?
and how long is it valid?
What amount will we have to pay to take a property from the market?

• We need a mortgage. Which bank gives

us better conditions?
What documentation do we need?
Who will explain the terms and conditions of the mortgage?

 • Sign the Title Deed at the notary. What are the notary fees?
Who explains what we are signing?

When are the keys handed over?

What are the costs of buying a house?

• These costs are depending of the sales price.

Pay attention:

• Notary fees and registration of the property are between

2% -3% of the selling price.

• Property sales tax is 10% of the purchase price.

• Financing: when applying for a mortgage, the following

costs should be considered:

1. Mortgage application committee

2. Interest rates

3. Mortgage fees
These costs can be negotiated with the bank

Do you need financing?

Banks and financial institutions rely on the actual value of the

property, the sales price of the property and the buyers’ income.

non-residential loans are the maximum loan-to-value (LTV)

that banks ... Residents can generally borrow up to 70% of
the property's assessed value 

The monthly payment may not exceed 30% and 40% of the buyer's
income.

Sometimes it is possible to negotiate 100% of the sales, it depends on

the financial situation of the buyer,

To avoid disappointment, and before you bid for the desired

property, visit your bank and as for about the loan they will approve.

If you already know what amount you can borrow, this can help you
negotiate with the seller.
What do I need as a foreigner to buy in Spain?
1. NIE NUMBER
2. SAVINGS
3. SPANISH BANK ACCOUNT
4. REAL ESTATE LAWYER

1. WHAT IS THE NIE NUMBER?

The Spanish NIE number, is a Foreigner

Identification Number issued by the Administración
General del Estado (General Administration of the State) as
a fiscal identification number for foreigners.

You will need the NIE number, for buying a home, to open a bank
account, to get a phone line etc.

2. If you need to apply for a mortgage, you need to have at least a

minimum of
30% of Savings
10% tax costs
2-3% notary fees

3. It is mandatory to have a bank account in Spain if you want to buy

the property.

4. The lawyer, together with the Real Estate Agent, oversees

the documentation, and checks that everything is in order 

The secret to finding the property you need.

After analysing the property market, savings and the possibility to
apply for a mortgage if necessary, we are ready to search for our
future home.

 Searching is easy because of the large range of properties, but

finding the right property is another matter.

"Thera are too many properties on the market and that may seem
positive, but people need to know how to deal with it"
We are confronted with a market that is constantly changing,
therefore the best properties are sold quickly, as soon as they are on
the market

It is important to make a list of the desired features of our future

home and to consider them despite viewing "many properties"

The following features must be specified in this list:

• Price range and possible price variation

• Desired areas
• Desired neighbourhoods, number of bedrooms, bathrooms, etc.
• Type of kitchen, terrace, garage, etc.,
• It is important to analyse the pros and cons of each home before
taking a decision.

With our experience we can help you meet your housing

requirements and analyse the budget,

• We make your search easier.

• We select properties that meet the features you need
• We know the market and therefore we can simplify the search, we
will show you the best options.

Things to consider when buying a home

When buying a home, we must consider the following:

The property that we have in mind and the investment that we want
to make, so we must achieve buying at the best price.
It is important to take notes on aspects to look at when you visit a
home, as well as using a 5-point rating scale, from 1 to 5

TIP: Take a room size calculator to measure the rooms and a

compass to find out the property orientation.
View the following aspects:

Environment: transport, proximity to work, family, friends, schools,

shops, parking, medical service, leisure, parks and green areas, the
neighbourhood, noise, traffic jams, natural light.

Property: Facade, building entrance, stairs, elevator, distribution,

possibility of renovation, bedrooms, living room, kitchen,
bathrooms, terrace, height, storage room, garage.

Consider all the advantages and disadvantages of all properties

viewed.
It is also important to be able to look beyond the decoration or
paintings of the house.
Imaging yourself living there.

Pay attention to your feelings and emotions searching for your

dream hone

When you have found the right property, first visit the area.

The desired property has been found, what is the next

step?

Most buyers make an offer, keep in mind that no offers are accepted
for new-build properties.

For the negotiation, the mediation of a skilled and professional

Realtor is essential to avoid risks during the.

Our goal is to get the best possible price

After completing the entire search process and selecting your

property, you should not take the risk, to negotiate yourself with the
vendor.
The Realtor will negotiate for you the best price and conditions.

Choosing a professional Real Estate Agent will always make it much

easier to get the best agreement.
Down-Payment and signing the reservation
document.

Finally, there is an agreement, and, on this point, it is especially

important to know what documents we need, to prevent any
subsequent problem.

To take the house off the market, it is necessary to make a down-

payment.
The amount depends on the selling price. The reservation document
states the address of the property, the total price and the date of
signing the Penitential Arras contract. (provisional purchase
contract)
 
This contract protects both, the seller and the buyer to prevent a
potential conflict in the future.

This contract must contain the details of the buyers and sellers, the
accommodation details, the price agreed, and all further agreements
made about the property.

The date of signature of the deeds at the Notary is also stated in this
document.
As a buyer you don't have to take any risks, we advise to formalize
the sales contract with a lawyer and a skilled Realtor

When signing the Arras contract, the amount of 10% of the selling
price should be paid. If a reservation has already been made, this
amount will be deducted from the payment of 10%.

If financing is required, the mortgage should now be applied.

The property is yours, what is the next step?

If you want to renovate, it is advisable to do this before moving to

the property.

You must decide whether you hire a company that takes care of
everything or you are arranging everything yourself with the painter,
bricklayers, plumbers, etc.

Most of our customers decide to outsource the renovation to us, we

ensure that everything goes on professionally to avoid stress.

Moving

You can relocate with the help of family or friends or hire a moving
company.

 If you do not hire a company, we will give you some tips:

• Label all boxes with the contents and indicate whether they are
fragile and to which space of the house it belongs. You will avoid the
chaos when unpacking.

• Books are better placed in small boxes (they weight a lot)

• Check if the furniture will fit in the elevator and if it will fit the
width of the stairs.

• If you decide to hire a removal company, you need a fixed price.

Ensure that the company has insurance for the valuable and delicate
items.

• Defrost your refrigerator the day before you move and place an air
freshener to prevent odours.

• If your home is in a building or residential complex, it is

convenient to meet the manager and the head of the neighbourhood
association.

• Introduce yourself to the neighbours, it will help you better

integrate into the community.
• Practical details:
o Change the address of your bank, insurance company, water and
electricity suppliers
o Taxation, health care, town hall, school, university etc.
o Inform family and friends about your new address
o Get a home and legal liability insurance

Congratulations, you are the owner of your new home

You have followed our advice and found the desired

property.

Buying a house is always easier and cheaper with the help

of a professional Real Estate Agent

At Costablanca Elite Real Estate we are happy to help you

further!