{"id":496289,"date":"2023-03-21T17:14:04","date_gmt":"2023-03-21T14:14:04","guid":{"rendered":"https:\/\/alegria-realestate.com\/?p=496289"},"modified":"2023-03-27T17:22:59","modified_gmt":"2023-03-27T14:22:59","slug":"how-to-review-a-property-in-spain-before-buying-it","status":"publish","type":"post","link":"https:\/\/alegria-realestate.com\/en\/articles\/how-to-review-a-property-in-spain-before-buying-it","title":{"rendered":"How to Review a Property in Spain Before Buying it?"},"content":{"rendered":"<p>Major financial transactions, such as buying of residential or commercial property, are concluded only after a thorough inspection of the acquiree. To insure against financial losses, it is required to check the legal purity of the property.<\/p>\n<p>During the execution of the bill of sale, the status of the property object is checked. The presence of encumbrances, debts and loans is stated in the text, a part of the receipts is attached to the case. This audit is included in the task of Spanish notaries.<\/p>\n<p>The examination process of new buildings and secondary housing has different specificity. Let us examine both options.<\/p>\n<h2>If you are buying a new property from a developer, we will provide:<\/h2>\n<ul>\n<li>a completion certificate of construction and installation works, approved by a technical architect;<\/li>\n<li>an act about the technical condition of a residential building (dwelling), which confirms the compliance of the property object with the standards established by the legislation. Subsequently, this certificate will be required for the conclusion of utilities contracts;<\/li>\n<li>permission for the initial settling in;<\/li>\n<li>guarantee obligations to eliminate possible hidden design flaws identified in the course of use for a period of 10 years.<\/li>\n<\/ul>\n<h2>To audit resale property, we check:<\/h2>\n<ul>\n<li>Title documents showing that the seller is the owner of the property. It is necessary to familiarize yourself on what basis ownership right was obtained (it can be a notarized bill of sale). If there are co-owners, they will also be referred to in the bill of sale;<\/li>\n<li><a href=\"https:\/\/alegria-realestate.com\/en\/articles\/all-about-nota-simple-in-spain\">Nota Simple<\/a>* \u2013 this is an official land registry report of the property. This document contains information about the property: type of property, name, ownership, size, rights, boundaries, existing liens and encumbrances. If there are no debts at the property object, the report will confirm the absence of them.\n<p><em>*Nota Simple is a certificate proving your ownership of the property in Spain, which may be needed in event of purchasing a property, obtaining a residence, etc. In our company, you can order the service Nota Simple in Spain. We will complete the order within 1 to 3 days and provide it in electronic form by sending you the document by email.<\/em><\/p>\n<p><strong>Important:<\/strong> Nota Simple records the legal status of a property only at the moment and is valid for 3 months. Next time you will have to request this report again.<\/li>\n<li>Cadastral passport, which shall include the characteristics of the real estate object (legal status, area, plan, location, etc.).<\/li>\n<li>Contractual obligations under rental of premises, registered in the Register of the Property Owners. By law, as a buyer, you will become the assignee of these obligations until the date of expiration of the contract.<\/li>\n<li>The charter of the housing association, which regulates the order of operation of the residential building, accepted norms and housing rules (this may relate to possible repairs, re-planning, changes and other features of co-living of residents).<\/li>\n<li>Energy certificate, which is required to have all properties for sale (both new buildings and resale properties), according to the Royal Decree 235\/2013 dated 04\/05\/2013. This document reflects the degree of energy efficiency of housing. When processing the bill of sale, the fact of having the certificate is verified by a notary. A copy is attached to the rest of the papers.<\/li>\n<\/ul>\n<p>Also, we request information from the municipal tax office about the payment of property taxes by the property owner. Information comes as of 01.01 of the current year.<\/p>\n<p>Alegria provides real estate valuation services. Entrust all the worries and troubles to our specialists: they will gather all necessary information and check the property \u00abfor purity\u00bb.<\/p>\n<p>This will save you time, money and heartache.<\/p>","protected":false},"excerpt":{"rendered":"<p>Major financial transactions, such as buying of residential or\u2026<\/p>\n","protected":false},"author":19,"featured_media":496290,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,73],"tags":[],"class_list":["post-496289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-property-in-spain"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How to Review a Property in Spain Before Buying it?<\/title>\n<meta name=\"description\" content=\"Buying of residential or commercial property is concluded only 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