Frequently Asked Questions/ Real Estate Faqs
In this section you will find answers to the most common questions about the purchase and sale of a property.
Take a look and solve all your doubts in less than one minute 😉
Frequently Asked Questions
Real Estate Faqs
FAQ'S OR FREQUENTLY ASKED QUESTIONS
If you would like information about any of our properties, about any of our developments or you would like to visit any of them, call us at 963 528 642 and we will be pleased to help you.
You can also write us directly to Whats App or through our social networks (RRSS) 😉.
- N.I.F. or residence permit
- 3 Last payrolls
- Employment contract
- Working life
- Income Statement (if you make it)
- Bank movements
- Last 3 bills if you have outstanding loans
- Documentation of marital status in case of divorce.
You must have a minimum savings of 20% of the purchase price of the property.
In addition, you will have to face the expenses and taxes of the purchase and mortgage that may correspond to you, such as Notary, Gestoría, Taxes, Property Registry, Mortgage Opening Commission, Appraisal, etc.
- Used housing: if it is a used home, i.e., a second or subsequent transfer, we will be taxed by the Property Transfer Tax (ITP). The tax rate varies depending on the Autonomous Communities (Comunidades Autónomas) as it is a transferred tax, and the possible reductions that each Community has established (young people, large families, people with disabilities, etc.).
- New Construction Housing: if it is a new construction property, that is to say, a first transfer, it will be taxed by V.A.T., and in addition to assuming this tax, the buyer will be taxed by A.J.D. The tax rate of this last tax varies according to the Autonomous Communities (Comunidades Autónomas) as it is a transferred tax, and of the possible reductions that each Community has established (acquisition of habitual residence).
In Agencia Mediterránea We are distinguished by the close and personalized treatment with the client, based on the professionalism and the efficiency. In addition, we have experience in the real estate sector from 1997 and more than 30 professionals at your service.
We will be at your disposal in our offices, where we also have a financing department to advise you on the best mortgage financing options on the market.
Therefore, we will be able to be present throughout the entire sale process and help you to ensure that all the formalities are carried out and that all the necessary formal and legal requirements are met.
You must provide the owner's ID CARD and the copy of the deeds of ownership; Latest supply bills such as water, electricity, or gas; The last contribution receipt (I.B.I.) and other municipal taxes (rubbish, etc.); And the Energy efficiency certificate.
FAQ'S OR FREQUENTLY ASKED QUESTIONS
TO SELL YOUR HOME
Each property will have a different real estate appraisal value, depending on factors such as the type of property, the area, the characteristics of the property, etc.
In order to assign a selling price to our property we will have to carry out a study of the supply and demand of the real estate market in the area and/or locality where it is located.
Both the study, as well as the valuation obtained from it, will be provided by one of our real estate agents.
When you want to buy a house, this is the last step you will have to take.
The public deed is a document signed before a notary where all the conditions of the sale are reflected, which provides legal certainty to the parties, and allows the registration of the property in the Land Registry.
The earnest money contract is a private contract formalized between the seller and the buyer, where the conditions of the purchase agreement are established, including the purchase price, the form of payment and the maximum term to formalize the transaction before a notary public.
It is part of the so-called pre-contracts, where the parties are obliged to sign a contract of sale in the future, giving in proof of this an amount of money as a deposit or down payment.
The Energy Efficiency certificate is an official document required by the Ministry of Industry, Energy and tourism, which will be compulsory both to formalize the sale and the leasing of a property, and that seeks to achieve an energy improvement in all EU countries (European Union).
It will collect all the energetic aspects of the house and it will derive the so-called "energy label". In it you will see the ratings with letters (A, B, C, D, E, F and G) being the "A" the most efficient and the "G" which has no energy efficiency.
Yes, you can legally sell your foreclosed home. If that is the case, there will be two possibilities:
– That the sale is cancelled economically and registralmente the mortgage with expenses in charge of the seller.
-The buyer is repealed in the mortgage loan.
In Agencia Mediterránea We are distinguished by the close and personalized treatment with the client, based on the professionalism and the efficiency. In addition, we have experience in the real estate sector from 1997 and more than 30 professionals at your service.
We will be at your disposal in our offices, where we also have an administrative management department.
Thanks to this, we will be able to advise you throughout the whole process of purchase and sale and carry out the necessary procedures both in the pre-sale and post-sale phases, so that your property can be transferred in full compliance with the legal and formal requirements.
You must provide the owner's ID CARD and the copy of the deeds of ownership; Latest supply bills such as water, electricity, or gas; The last contribution receipt (I.B.I.) and other municipal taxes (rubbish, etc.); And the Energy efficiency certificate.
- Municipal capital gains tax or tax on the increase in the value of urban land.
- Personal income tax (IRPF), which is levied on the sale of a property and will depend on the tax situation of the seller.
- Mortgage cancellation expenses, if any.
- Expenses for cancellation of charges (community, electricity, water, IBI, etc.)
