The administrative process

Starting the administrative process at the beginning of the search is imperative to be prepared when the ideal property is found. You will need:

• Documentation: N.I.E (for international) / D.N.I (for national)
• Financing: before starting the search, it is important that you understand your financial status and if you need to seek financing. In that case, we advise you to start talking to different banks to find out about the different types of mortgages and their requirements, as well as the loan amount to make sure you are looking for properties that are within your means.

Search

So that we can be effective in the search for your Property, define your needs well and present them to the Bcn Advisors agent.

• Budget: a general budget will have to be defined depending on the mortgage conditions granted by the financial institution (if financing is necessary).
• Area requirements: Where you work or where your children study, are some of the parameters that will help you define the ideal perimeter and area to live. You can consult our Guide to areas of Barcelona.
• Requirements of the home: m2, number of rooms and bathrooms, special characteristics important for the purchase, etc.
• Visits: The first visit to a property helps us to understand even better the tastes and peculiarities that you may have and thus be able to better define your purchasing needs.

The buying and selling process

Generic stages of a sale once the ideal property is found:

• Negotiation and reservation:: the reservation is an optional but necessary procedure in the buying and selling process, its objective is to demonstrate to the seller the interest in the property and the willingness to reach an agreement. The reservation sets the maximum price, as well as the acceptance deadline and deposit date. If an agreement is not reached between both parties, the reservation is automatically returned. In the period between the reservation and the deposit, all the property documentation is delivered to the buyer: Simple Note, Ibi, Community Expenses, Certificate of Occupancy, Certificate of Technical Inspection of the Building (if necessary and has been passed), Energy Certificate, etc…
• Arras: the amount delivered at the time of signing the penitential deposit normally corresponds to 10% of the agreed price. The contract summarizes the final agreed price, purchase conditions and the date of public deed at the notary.
• Deed: The public deed of purchase and sale is carried out before the notary chosen by the purchasing party. Possession of the home and the remaining amount to be paid to the seller are delivered in the same act.

Associated expenses

To the total purchase price, the buyer must add between 11% and 12% taxes and expenses:

Bcn Advisors understands that each of its clients requires personalized attention; Throughout the process we will help and guide you depending on your needs. You can contact us today and we will start the search for your new home or investment.

• Property registration.
• Writing Expenses.
• Notary Expenses.
• Registration expenses in the Property Registry
• Tax on Property Transfers (ITP) or VAT
• Income tax return

Signing of the contract

• What you will need: It is at this moment when you must have complete and at hand, the necessary documentation mentioned above to carry out the procedure.
• Personal documentation: DNI/NIE/Passport as the case may be.