FAQ - Frequently Asked Questions
In our FAQ you will find answers to all key questions regarding our work as a real estate agency. Whether you are a buyer or a seller – here you will learn everything you need to know about purchase procedures, sales processes, documents, and services. Our goal is to provide you with clear and transparent guidance so that your property project on the Costa Blanca runs smoothly and successfully.
Here you will find answers to the most important questions about the purchase of a property on the Costa Blanca – from the search to the completion of the purchase. At the same time, you will receive valuable information about the sales process of your property – from the preparation of documents to the successful handover to the new owner. If you have further questions, we are always available personally.
Answers to every question
Here you will find answers to the most common questions about our work as a real estate agency on the Costa Blanca. We have separated the information for buyers and sellers so that you can quickly find the right answer.
Buyers
In Spain, the agency commission is usually paid by the seller. However, depending on the property or the agreement, the buyer may also cover a share. We will always inform you transparently about all costs in advance.
A reservation contract secures the property. Typically €5,000–10,000 is paid, which is later deducted from the purchase price. Payment is usually made via escrow or with the lawyer.
In Spain, the purchase price is paid on the day of signing the notarial deed. Buyers usually hand over a bank-certified cheque to the seller. If the seller resides abroad, 3 % of the price is withheld and paid directly to the tax office.
The total costs of buying a property in Spain are generally between 10 % and 12 % of the purchase price. These include taxes, notary fees, land registry fees and possibly lawyer’s fees. The exact amount depends on the property value and the region.
The notary fees are borne by the buyer. For this reason, you can freely choose the notary. The fees are legally fixed and depend on the purchase price. The land registry fees are also paid by the buyer.
The property transfer tax in Spain is called “Impuesto sobre Transmisiones Patrimoniales” (ITP). It is paid by the buyer in transactions between private individuals. In the Valencian Community it is currently 10 % of the purchase price.
Yes, Spanish banks also grant mortgages to non-residents. Usually up to 60–70 % of the purchase price is financed. We assist you with bank selection and the formalities.
The buying process includes several steps: reservation, purchase agreement, document verification, signing before the notary and registration in the land registry. We guide you through each phase.
The running costs include property tax (IBI), waste collection, community fees, insurance and utilities. Depending on the property, the annual costs are usually €500–2,500.
Yes, you can rent your property long-term or for holiday rentals. For tourist rentals, however, a licence is required, which we can obtain for you.
Sellers
Yes, to organise viewings and coordinate with prospective buyers we need a set of keys. This ensures a smooth sales process even if you are not in Spain.
Our agency commission is usually between 3 % and 5 % of the sale price, depending on the property and the service package agreed.
You need, among others, the title deed (Escritura), land registry extract, last IBI receipt, energy certificate, community certificates and, if applicable, installation certificates.
Yes, we take care of the compilation and verification of all necessary documents and apply for missing ones from the authorities or notary.
Sellers pay the Plusvalía Municipal (municipal tax on land value increase) as well as possible capital gains tax. The exact amount depends on your personal circumstances.
This depends on location, price and demand. On average, a sale takes between 3 and 9 months. A market-appropriate price significantly shortens the process.
The deposit is agreed in the purchase contract. If the buyer withdraws without a legal reason, it is usually forfeited to the seller.
Yes, with a power of attorney we can handle the entire sales process on your behalf without you needing to be present in Spain.
An existing rental license generally cannot be transferred directly to the buyer. The new owner must apply for registration in their own name after the purchase. However, the existing license can serve as a reference and make the process easier.
After the sale, the new owners are generally responsible for transferring or cancelling electricity, water and other utility contracts. In practice, however, we as a real estate agency can handle the entire process upon request, so that the seller does not need to take any further action.
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