Investing in a luxury property on the Costa del Sol is more than a purchase—it’s an entry into a world of elegance, beauty, and unparalleled lifestyle. With over 20 years of experience in Marbella’s prestigious real estate market, Every Home Marbella is your trusted partner in this exciting journey. Our extensive knowledge and exclusive access to over 20,000 properties ensure that we can find the perfect home that aligns with your desires.
Why Choose Every Home Marbella
Exclusive Access and Personalized Service
- Comprehensive Portfolio: Access to the entire property market on the Costa del Sol.
- Single Point of Contact: We coordinate with all estate agents on your behalf.
- Tailored Property Tours: Personalized viewings based on your specific criteria.
Expert Knowledge and Professional Network
- Deep Local Insights: Established in Marbella since 2004, offering unparalleled knowledge of the area.
- Strong Relationships: Connections with reputable mortgage brokers and esteemed law firms.
- Client-Centric Approach: Building lasting relationships through exceptional service.
Your Step-by-Step Guide to Buying Property
1. Finding Your Dream Property
With your search criteria in hand:
- Curated Selection: We email you a handpicked list of properties matching your preferences.
- Property Evaluation: You select the ones that resonate with you.
- Scheduling Viewings: Arrange tours at your convenience to explore the selected properties.
- Transparent Information: Provide detailed insights on fees, taxes, and any associated costs.
Image Suggestion: A couple reviewing luxury property listings in an elegant office setting.
2. Making an Offer
Once you’ve found the perfect property:
- Communicate Your Offer: Inform us of your proposed price.
- Negotiation: We present your offer to the vendor and facilitate any negotiations.
- Agreement: Upon acceptance, we proceed to reserve the property.
Note: We handle the negotiation process with professionalism, ensuring your interests are well-represented.
3. Reserving the Property
To secure your property:
- Reservation Agreement: Sign a document outlining all terms and conditions.
- Reservation Fee: Typically around €6,000, paid to Every Home Marbella to:
- Take the Property Off the Market: Ensures exclusivity.
- Demonstrate Commitment: Provides assurance to the vendor.
- Vendor Confirmation: The vendor signs the agreement, officially reserving the property.
Important: The reservation fee is non-refundable but subject to satisfactory legal searches. A full refund is available if legal irregularities are discovered.
Image Suggestion: Signing the reservation agreement in a sophisticated setting.
4. Engaging Legal Representation
We highly recommend appointing a reputable law firm to:
- Conduct Due Diligence:
- Verify the vendor’s identity and ownership rights.
- Ensure the property is free from debts, charges, or encumbrances.
- Confirm all necessary building permits and legal compliance.
- Prepare Legal Documentation:
- Examine and draft contracts.
- Provide legal advice and safeguard your interests.
- Additional Services:
- Assistance with obtaining a Spanish NIE number (Foreigner Identification Number).
- Drafting a Spanish will to protect your assets.
Our Recommendation: We can introduce you to esteemed law firms known for their expertise in real estate transactions.
5. Exchange of Contracts
Depending on the agreement:
- Private Purchase Contract: Sign a comprehensive contract detailing terms, conditions, and completion date.
- Deposit Payment: Usually 10% of the purchase price (minus the reservation fee) is paid to the vendor.
- Legal Binding: Both parties are legally committed to the transaction.
6. Completion
On the agreed completion date:
- Final Payment: The remaining balance is settled.
- Signing the Deed:
- Conducted at the Notary’s Office.
- Both buyer and seller (or their legal representatives) sign the Escritura Pública de Compraventa (Public Deed of Sale).
- Transfer of Ownership: Title is officially transferred to you.
Option: If unable to attend in person, grant Power of Attorney to your lawyer to sign on your behalf.
Image Suggestion: Receiving the keys to your new luxury property.
Understanding Fees and Taxes
Anticipate additional costs, typically ranging from 9% to 12% of the purchase price. Here’s a breakdown:
Transfer Taxes
- Resale Properties: Transfer Tax (ITP) ranging from 8% to 10%, depending on the property’s value.
- New Properties: VAT (IVA) at 10% plus Stamp Duty (AJD) at 1.5%.
Legal Fees
- Lawyer Fees: Approximately 1% of the purchase price (may vary based on services provided).
Notary and Land Registry Fees
- Notary Fees: Typically between 0.5% and 1% of the property price.
- Land Registry Fees: Similar to notary fees.
Mortgage Fees (if applicable)
- Arrangement Fee: Around 1% of the mortgage amount.
- Valuation Fee: For property appraisal.
- Stamp Duty on Mortgage: Approximately 1.5% of the mortgage liability.
Tip: We can connect you with trusted mortgage brokers to explore financing options.
Why Invest in the Costa del Sol
Unparalleled Lifestyle
- Luxury Living: Home to world-class dining, shopping, and entertainment.
- Stunning Scenery: Breathtaking views of the Mediterranean Sea and picturesque landscapes.
- Cultural Richness: A blend of traditional Andalusian charm and modern sophistication.
Climate and Accessibility
- Sunny Climate: Over 320 days of sunshine per year.
- Convenient Access: International connections via Málaga-Costa del Sol Airport and Gibraltar Airport.
- Modern Infrastructure: Excellent road networks and amenities.
Strong Investment Potential
- Property Appreciation: Steady growth in property values.
- Rental Demand: High demand for luxury rentals provides excellent ROI.
- Stable Market: A resilient real estate market favored by international investors.
Every Home Marbella’s Commitment
- Personalized Attention: Tailoring our services to meet your unique needs.
- Integrity and Transparency: Upholding the highest ethical standards.
- Ongoing Support: Assistance extends beyond the purchase—your satisfaction is our priority.
Contact Us
Embark on your journey to owning a piece of paradise on the Costa del Sol.
- Phone: (+34) 647 968 943
- Email: info@everyhomemarbella.com
- Website: www.everyhomemarbella.com
Disclaimer
This guide is for informational purposes and does not constitute legal advice. While we strive for accuracy, please consult with professional legal advisors for personalized guidance.