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 Villamartin
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 San Miguel
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 Los Locos, Torrevieja
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 Pliego near Mula
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Buy, Sell, Part Exchange or Rent |
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Buying Property through Bestprice
There are a number of ways of buying properties in Spain, all of which have their value depending on your situation, and needs. You may want investment
property in Spain, or homes in spain. The Bestprice website is dedicated to maximising choice with estate agents properties, whilst facilitating the private property market, selling UK properties, properties
in Spain, and around the world, Whilst in many cases this is due to Bestprice offering commission free property sales, there are also a number of vendors at any given time, who need to sell urgently, and drop their price even further to achieve this. This can also apply with estate agents, even though there will be a commission included,
Bestprice allow vendors to sell property commission free, attracting vendors who want to reach a huge private property market, and at the lowest possible price. If you have to Sell property before buying, check our Part Exchange options, where you may find what you want, homes
in Spain, investment property in Spain, a UK Property or any other property and sell your property at the same time.
Why not maximise the chances of this by using BestPrice to market your property with a part exchange option?
You don’t even need a Home Information Pack to advertise your UK property on BestPrice, check our vendors
guide to find out more.
Do I need a Solicitor?
Whether you are buying properties in Spain, for homes in Spain, or investment property in Spain, you should always use a solicitor. In the case of Spain, agree a price before commencement, and make sure your Solicitor is prepared to organise all utility contracts; Water, Electricity etc. within the pre agreed price. This is normal in Spain, and will save you a lot of hassle later. If you are looking to buy your rural inland Spanish property, but don’t have a Solicitor, check our solicitors page by clicking here
Many people think they do not require solicitors when buying properties in Spain, but whether you are buying apartments in Spain or rural inland Spanish property, you should still use a solicitor.
What are the benefits of buying resale properties through the Private property market?
- Pay Less…Negotiate direct with the Vendor
- Pay Less... Avoid the inclusion of agent commissions
- Pay Less… Pick up bargains from vendors requiring a quick sale
- Pay Less… Furniture, fixtures and fittings often included
- Pay Less… Established gardens, communities and green areas
- See exactly what you're buying
What are the benefits of buying resale properties through Estate Agents?
You should always look at both agents and the for sale by owner market. Estate
agents provide an excellent choice of property for sale in Spain, and will
do a great job for you and save you dealing directly with many of the stresses
and headaches. Buying homes in Spain should be an enjoyable process and BestPrice
now offer fabulous choice of properties in Spain as a result of offering
property for sale in Spain from both agents and for sale by owner.
6 Easy steps to buying a property privately
- 1. Decide how much you can spend. You may be
looking for a rural inland Spanish property, or
simply apartments in Spain. If a mortgage is required,
get approval in principle. You can do this through
our mortgage link. If you require a solicitor,
click "Solicitors" on the left of this
page for Solicitors links and Legal Directory.
- View our properties, with up to 8 large photos
of each, by clicking as indicated above this page.
Enquire directly to the vendors of any properties
which you would like to know more about. When
enquiring about properties in Spain, or properties
in the UK, don’t just give a phone number, but
explain whether you want to view, or if you have
a question, enter it into the text box on the
enquiry form. Vendors may not take an enquiry
seriously if there is only a phone number or worse
still, only an email address. Also, make sure
you state your national and international dialling
code. We have enquiries from all over the world,
and our vendors just will not know how to contact
you.
- Arrange viewing, and if you like it enough, make
an offer, be prepared to negotiate, not only on
price, but in some cases the vendor may consider
furniture or even a car as part of the negotiation.
This is not uncommon with Spanish or ex-pat property
sales where the owners are moving back home.
- Make notes of price, what's included, furniture,
and anything you agree which you think is important.
- Exchange details and those of solicitors. With
Spanish property you should ask if they have a
copy of the Escritura (Deeds). This will assist
your solicitor.
- Unless a mortgage or
a survey is required, you should request your
Solicitor to commence searches and preparation
of contracts.
Spanish Property Purchase Taxes and costs
Whether you are looking for 2nd homes in Spain, rural inland Spanish property, or an investment property in Spain, you should prepare for Spanish taxes and associated costs which you will need to pay.
Resale Property Tax : ................. 7%
Transmission tax (of purchase price)
Notary and Land Registry fees: 0.7% (approximately)
Electric and water contracts :.... 240.00:-€uros (approximately)
Plus Valia (Land Tax) :................ 1% (approximately) Normally paid by seller subject to sales contract
Properties in Spain benefiting from shared community facilities, will normally attract an annual community charge based on the property value. In some instances there is no community, so no community charges apply. This will normally apply to homes in Spain with no communal pool or gardens, on a normal no urbanised street. Equally some communities of apartments in Spain have beautiful landscaped gardens which can cost more to maintain so in these instances the charges can be higher.
NIE Numbers
This is a National Identification number. Your Solicitor will advise you on obtaining this. It is a simple process but can be time consuming. Your Solicitor may also be able to offer a service to arrange this for you. Regardless of buying apartments in Spain, or investment property in Spain, you will need this before you can commence your dream of buying your rural inland Spanish property, or apartments in Spain.
Bank Accounts in Spain
You will need to open a bank account to allow for contracts to be set up. This is very simple, and many banks speak excellent English. You only require your passport, and any bank will open an account for you.
Contracts and Deposits
You will need a contract of sale to buy your homes in Spain. Your Solicitor will draft the contract of sale for signing, which will then normally take up to 6 weeks until completion. It would be normal for a 10% deposit to be paid upon signing, which would be non returnable. If you are dependent on a mortgage for your homes in Spain, you should ensure that your deposit is refundable should you fail to achieve the mortgage.
Power of Attorney
This applies more to buying Property abroad than buying UK property, but you will only need to appoint your Solicitor or a trusted friend as Power of Attorney if you are unable to attend at the Notary for completion.
Buying Property in the UK through BestPrice
Buying property through the private market in the UK has always been very simple, and now you can save money by buying UK property direct from Vendors, using the BestPrice website. Please be aware of our property part exchange options, where you may just find an opportunity to buy your UK property, and sell your property in one single step. With a growing number of people downsizing their home to free up money for lifestyle changes, part exchange can work really well whether up or downsizing. If you have to sell property before buying, why not use BestPrice to market your property on the internet, with a part exchange option. You could find yourself buying a property and selling a property, at the same time.
HIP (Home Information Packs) It is now UK Law that all UK properties require a HIP (Home Information Pack). However, on this website you will be able to view properties prior to them coming on the market. Please note that whilst we are only letting you know what is due onto the market soon, you can still approach the owners direct and get a lead on the other buyers before the property gets in the hands of estate agents and goes on the market. These properties are marked "Due on market soon" and do not have a Home Information Pack yet. If you make an offer on one of these properties before it goes onto the market, and that offer is accepted, the vendor must by UK Law purchase the home information pack. You should not commence with any sale without this pack (HIP). Stamp duty is payable when buying property in then UK, as detailed below:
UK Stamp Duty
Current rates as at 6th November 2007-11-06
Purchase Price
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£125,000 |
0% |
Duty Payable |
| £125,001 |
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£250,000 |
1% |
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| £250,001 |
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£500,000 |
3% |
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| £500,000+ |
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4% |
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There are a number of ways of buying property on the international property market,
and each Country may have its differences in the way People buy property abroad,
and sell properties abroad. Years past it was only properties in Australia
or properties in Spain, but now people are moving all over the world inc Turkey,
Bulgaria, Cypress, even the USA Property market is now on the agenda of so
many people.
The Bestprice website is dedicated to Discounted Resale properties,
in the key countries of the world, the majority of which are at prices considerably
lower than those charged by estate agents in those countries.
Whilst in most cases this is due to Bestprice offering commission free property
sales, there are also a number of vendors at any given time, who need to
sell urgently, and drop their price further to achieve this.
Bestprice allows
these vendors to reach the huge private property market, selling UK Property
at the lowest possible price. You should check the local laws of whichever
country you are buying in, whether Australia, Turkey, Bulgaria, Italy, France,
the USA or anywhere else.
BestPrice cover the world over, but this section is aimed at Properties
in Spain, including Homes in Spain, apartments in Spain, Investment
property in Spain, Rural inland Spanish Property and all property for sale in Spain.
BestPriceProperties areas include properties in Spain in Alicante, Apartments
in Spain at Benidorm and Valencia, Rural inland Spanish property close to
Denia, Homes in Spain at Javea, Torrevieja, Playa Flamenca, La Zenia, Cabo
Roig, Campoamor, Mar menor, Cartegena. Great investment property
in Spain at La Manga, Pilar, Torre de la Horadada, Almeria, Mojacar, Nerja,
Torremolinos, Mijas, Marbella, Estepona. Property for sale
in Spain are our business.
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