First you will need the Nota simple informativa which comes from the
Registro de la Proppiedad which is Spains property registration
office. This shows the owners name and a description of the property
(this is especially important as it will show if something had been
added illegally which happens quite a lot in Spain), and also that the
property is free of any debts, which would transfer to the new owner
as debts in Spain are linked to the debtors property.
Next you have a pre-agreement. This is a contract between the vendor
and the purchaser in which the vendor agrees to sell and the purchaser
to buy, the price agreed and any conditions. There is usually a
percentage of the purchase price paid to the vendor at this time. In a
Spanish contract it will often state that were the buyer to pull out
of the sale the deposit will be lost and were the seller to pull out
they would have to pay double.
The actual transfer will be done at the notaries office where the deed
of purchase will be read, agreed on and signed by both parties and the
notary. You will need either proof of identity or a power of attorney
if a solicitor is signing for you.
There are 2 taxes to pay, a transfer tax (around 7%) and stamp duty,
which is different region to region (around 1%).
The property is then registered at the local office.
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