{"id":30023,"date":"2024-10-11T14:36:26","date_gmt":"2024-10-11T12:36:26","guid":{"rendered":"https:\/\/edenvillascostablanca.com\/information\/buyers-guide\/"},"modified":"2024-11-20T16:07:14","modified_gmt":"2024-11-20T15:07:14","slug":"buyers-guide","status":"publish","type":"page","link":"https:\/\/edenvillascostablanca.com\/en\/information\/buyers-guide\/","title":{"rendered":"Buyer&#8217;s guide"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"30023\" class=\"elementor elementor-30023 elementor-18978\">\n\t\t\t\t<div class=\"elementor-element elementor-element-19d49046 e-flex e-con-boxed e-con e-parent\" data-id=\"19d49046\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-42991c0d e-con-full e-flex e-con e-child\" data-id=\"42991c0d\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-58c507e5 e-con-full e-flex e-con e-child\" data-id=\"58c507e5\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3c479b8c animated-fast elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"3c479b8c\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Real Estate buyer's guide<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6445bd5 animated-fast e-flex e-con-boxed elementor-invisible e-con e-parent\" data-id=\"6445bd5\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;fadeIn&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-24ffcc22 e-con-full e-flex e-con e-child\" data-id=\"24ffcc22\" data-element_type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-65eb891c e-con-full e-flex e-con e-child\" data-id=\"65eb891c\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-13fdf6e7 elementor-widget elementor-widget-spacer\" data-id=\"13fdf6e7\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7f3d3b24 animated-fast e-flex e-con-boxed elementor-invisible e-con e-parent\" data-id=\"7f3d3b24\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;fadeIn&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-76d2d421 elementor-widget elementor-widget-houzez_elementor_space\" data-id=\"76d2d421\" data-element_type=\"widget\" data-widget_type=\"houzez_elementor_space.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t        <div class=\"houzez-spacer\">\n            <div class=\"houzez-spacer-inner\"><\/div>\n        <\/div>\n        \t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3fc2a9de animated-fast e-flex e-con-boxed e-con e-parent\" data-id=\"3fc2a9de\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;none&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-794db322 e-con-full e-flex e-con e-child\" data-id=\"794db322\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-596b1172 e-con-full animated-fast e-flex elementor-invisible e-con e-child\" data-id=\"596b1172\" data-element_type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;,&quot;animation_delay&quot;:100}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4a802538 elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"4a802538\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;,&quot;_animation_delay&quot;:250}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>This easy guide will help you understand all the steps involved in buying and selling a property in the Alicante area (Valencian Community), the costs involved in the purchase and who is responsible for them.<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-0083d6e animated-fast e-flex e-con-boxed e-con e-parent\" data-id=\"0083d6e\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;none&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-f45b9e5 e-con-full e-flex e-con e-child\" data-id=\"f45b9e5\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-08f361f e-con-full animated-fast e-flex elementor-invisible e-con e-child\" data-id=\"08f361f\" data-element_type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ae0ca4a elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"ae0ca4a\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Purchase of second-hand homes <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e6ec368 e-con-full animated-fast e-flex elementor-invisible e-con e-child\" data-id=\"e6ec368\" data-element_type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;,&quot;animation_delay&quot;:100}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-690f2e4 elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"690f2e4\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;,&quot;_animation_delay&quot;:250}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>If you buy a second transfer property in the Valencian Community, these are the costs to take into account:<\/p>\n<ul>\n<li>Transfer Tax (ITP) of 10% from the selling price of the property.<\/li>\n<li>Notary fees, Land Registry and cost of processing agency (Gestor\u00eda) around \u20ac3,000.<\/li>\n<\/ul>\n<p>The purchase of housing is subject to Transfer Tax, which varies by autonomous community. In the case of the Valencian Community, the general rate is 10% of the value of the property, except for young people under 35 who will pay 8% if it is the acquisition of their first habitual residence and do not exceed the income threshold stipulated. <\/p>\n<p>Tax exemptions can also be obtained if the buyer is a large family, has a physical or mental handicap, or if the property is a VPO (Officially Protected Housing) with the current qualification and is going to be the buyer\u2019s first home.<\/p>\n<p>This tax is calculated on the basis of the declared sale price reflected in the title deed, unless the value of the property, according to the tax authorities, is considered higher, in which case the price will be recalculated by the tax authorities using the cadastral reference value and the tax would be paid according to the real value calculated by the tax authorities.<\/p>\n<p>Notary fees, registration and administrative costs. The costs for the handling of the deed of sale are around \u20ac3,000 in total and include notary fees, costs for the registration of the property in the Land Registration (Registro de la Propiedad) and the costs of the processing agency (Gestor\u00eda). We recommend that you allow a sum of around 13% of the price of the property to cover all purchase related taxes and costs.  <\/p>\n<p>In the case of the purchase of luxury properties, the notary fees may be higher as they are calculated on the basis of a fee depending on the amount of the sale.<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-35d12a39 animated-fast e-flex e-con-boxed e-con e-parent\" data-id=\"35d12a39\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;none&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-19c53752 e-con-full e-flex e-con e-child\" data-id=\"19c53752\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-292b245a e-con-full animated-fast e-flex elementor-invisible e-con e-child\" data-id=\"292b245a\" data-element_type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-24bac2bf elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"24bac2bf\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Purchase newly-built home<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1c2f8de e-con-full animated-fast e-flex elementor-invisible e-con e-child\" data-id=\"1c2f8de\" data-element_type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;,&quot;animation_delay&quot;:100}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-65721786 elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"65721786\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;,&quot;_animation_delay&quot;:250}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>In case of purchase of a new home or first transfer, these are the costs to be taken into account:<\/p>\n<ul>\n<li>VAT (value added tax).<\/li>\n<li>Notary fees, Land Registry and the cost of the processing agency (Gestor\u00eda).<\/li>\n<li>AJD (Tax on Documented Legal Acts, or \u201cStamp Duty\u201d).<\/li>\n<\/ul>\n<p>VAT is paid by the buyer to the seller (together with the purchase price) and must be paid directly by the seller to the tax office. In the case of the purchase of a property, the VAT rate is 10%. <\/p>\n<p>The notary fees, registration fees, Gestor\u00eda (accountant) are the same as in the case of the purchase of a second hand property.<\/p>\n<p>Whenever the purchase of a property is subject to VAT, the buyer must additionally pay Stamp Duty Tax (AJD) at 1.5% of the purchase price. The buyer must submit it within one calendar month from the date of signature of the public deed, through the self-assessment procedure. <\/p>\n<p>In the Valencian Community, a reduced rate of 0,1% is applied for the purchase of the habitual residence, provided that it is intended for this purpose, a circumstance that the Tax Agency may check in the future.<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-941d4a4 animated-fast e-flex e-con-boxed e-con e-parent\" data-id=\"941d4a4\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;none&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-0365324 e-con-full e-flex e-con e-child\" data-id=\"0365324\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-ea12b6f e-con-full animated-fast e-flex elementor-invisible e-con e-child\" data-id=\"ea12b6f\" data-element_type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4335e95 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"4335e95\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Documentation required<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1994216 e-con-full animated-fast e-flex elementor-invisible e-con e-child\" data-id=\"1994216\" data-element_type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;,&quot;animation_delay&quot;:100}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-02734ab elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"02734ab\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;,&quot;_animation_delay&quot;:250}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>In order to purchase a property, the following documents are required:<\/p>\n<ul>\n<li>Original DNI or passport<\/li>\n<li>Original NIE \/ TIE number (residence\/work permit abroad). The NIE \/ TIE is the tax identification of foreign residents who carry out an economic activity in Spain. It must be presented at the notary\u2019s office and is necessary for the payment of taxes. To obtain the NIE \/ TIE, an application accompanied by specific documentation must be submitted to the corresponding police station of the National Police Corps. The processing period is usually two to three weeks. Please contact your gestor\u00eda to make progress in this regard. It is also possible to obtain these documents through the respective Spanish Consulates in the purchasers\u2019 countries of habitual residence.      <\/li>\n<li>Energy Efficiency Certificate. \u2013 Since 2013 it has been compulsory for any flat for sale or rent to have this certificate. It must show the energy rating of the property.<\/li>\n<li>First Occupancy Licence in the case of New Construction. The Town Hall will be in charge of publishing this document. In this way it confirms that the property complies with the town planning regulations and that it can be habitable. In addition, new homes will have a compulsory insurance called decennial insurance.   <\/li>\n<li>Justification of payments already made previously by means of a copy of the transfers made as part of the purchase price.<\/li>\n<\/ul>\n<p><strong>Important<\/strong>: It is advisable for buyers to open a bank account in Spain in order to be able to direct debit their payments of the bills as electricity, water, taxes\u2026 With the opening of the bank account it is equally important to take out an insurance policy to cover the purchased property against any possible risk. <\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5fc4b712 e-flex e-con-boxed e-con e-parent\" data-id=\"5fc4b712\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;gradient&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-1fbeebd e-con-full e-flex e-con e-child\" data-id=\"1fbeebd\" data-element_type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-702c39f6 e-con-full e-flex e-con e-child\" data-id=\"702c39f6\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-15687ec1 e-con-full animated-fast e-flex elementor-invisible e-con e-child\" data-id=\"15687ec1\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;fadeInLeft&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-71e4de16 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"71e4de16\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Are you interested in acquiring a property?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7ef85961 elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"7ef85961\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;,&quot;_animation_delay&quot;:250}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>At Eden Villas Costa Blanca we will help you find the property you are looking for, providing the advice you need in all the procedures, buying has never been so easy.<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f711e24 elementor-mobile-align-justify elementor-align-center elementor-widget elementor-widget-button\" data-id=\"f711e24\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/edenvillascostablanca.com\/contacto\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Contact<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f325a2a animated-fast e-flex e-con-boxed e-con e-parent\" data-id=\"f325a2a\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;none&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-b9e9944 e-con-full e-flex e-con e-child\" data-id=\"b9e9944\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-f088337 e-con-full animated-fast e-flex elementor-invisible e-con e-child\" data-id=\"f088337\" data-element_type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6f85d84 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"6f85d84\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The purchasing process<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-52bfcd9 e-con-full animated-fast e-flex elementor-invisible e-con e-child\" data-id=\"52bfcd9\" data-element_type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;,&quot;animation_delay&quot;:100}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c9ac17e elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"c9ac17e\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;,&quot;_animation_delay&quot;:250}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>There are 3 steps to buying a home:<\/p>\n<p><b>1.- \u2013 The first phase is RESERVE.<\/b> Once we have found the desired property, we proceed to the reservation and subsequent withdrawal from the market. At this stage, a reservation fee from \u20ac3,000\u20ac to \u20ac10,000 is usually paid depending on the agreement and price of the property or 1% of the value of the property in the case of luxury properties. <\/p>\n<p><b>2.- Signing of the deposit contract.<\/b> By signing the deposit contract (Contrato de Arras), both the buyer and the seller express their willingness to carry out the transaction and undertake to complete it within a certain period of time. In turn, the buyer gives a second sum of money, usually to complete 10% of the sale price as part of the price, in order to secure the sale transaction. <\/p>\n<p>The really important thing about the signing of the deposit contract is that there are legal consequences for non- complience. The document to be signed must contain the price, the terms and the penalties in case of withdrawal, so that there is no doubt about the scope of the transaction. <\/p>\n<p>An important aspect to bear in mind is who signs for the selling party:<\/p>\n<p>-If a company is selling, the duly identified administrator or attorney-in-fact usually signs.<\/p>\n<p>-If the sale and purchase transaction is between private individuals, all the owners must sign, either by themselves or through their legal representatives.<\/p>\n<p>In all these cases, the deposit contract can be signed by the parties remotely, by digital means or by post. This private document contains all the terms negotiated, the price, the deadline for signing before a notary, the description of the property including furniture and household appliances, the responsibilities and the expenses derived from the transaction. <\/p>\n<p><b>3.- Signing of the public deed of sale.<\/b> <span style=\"text-align: var(--text-align);\">This is the last step in the purchase of the property and takes place before a notary, in the presence of all the parties or their legal representatives. At this signing, the agreed price is paid in full, deducting the amount paid as a deposit in the signed contract. <\/span><\/p>\n<p>The purchasers have the right to choose their notary, as they bear the costs arising from the formalisation of the deed.<\/p>\n<p>Both the possession of the property and the rights and obligations derived from the transferred property are transferred to the buyer with the signing of the deed.<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8233200 animated-fast e-flex e-con-boxed e-con e-parent\" data-id=\"8233200\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;none&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-473f0f6 e-con-full e-flex e-con e-child\" data-id=\"473f0f6\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-d223aa2 e-con-full animated-fast e-flex elementor-invisible e-con e-child\" data-id=\"d223aa2\" data-element_type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-441d47a elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"441d47a\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What to do once the property has been signed at the notary?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2f30e17 e-con-full animated-fast e-flex elementor-invisible e-con e-child\" data-id=\"2f30e17\" data-element_type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;,&quot;animation_delay&quot;:100}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-aab9738 elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"aab9738\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;,&quot;_animation_delay&quot;:250}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Once the buyer acquires ownership of the property after signing the public deed before a notary, it is imperative to pay and present the taxes within 30 days of signing, as well as registering the deed in the public registers or notifying the change of ownership of the property.<\/p>\n<p><strong>Land Registry<\/strong><\/p>\n<p>Immediately after the signing of the public deed, the notary will send a certified copy of the deed electronically for registration in the corresponding Land Registry. Once the digital copy of the deed has been received, the Land Registry will open a filing entry, which will be valid for 60 days. <\/p>\n<p><strong>Payment of taxes<\/strong><\/p>\n<p>The signing of the deed entails the buyer\u2019s obligation to pay the associated taxes: 10% Transfer Tax (in the case of a second-hand property) or VAT and Stamp Duty (for new buildings or land).<\/p>\n<p><strong>Change of ownership at the Land Registry Office<\/strong><\/p>\n<p>Once the taxes have been paid, the buyer must present the original title deed to the Land Registry to change the ownership of the property within two months of signing the title deed.<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ce0177f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ce0177f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-69d22130\" data-id=\"69d22130\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4f615847 elementor-widget elementor-widget-spacer\" data-id=\"4f615847\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6cb638da elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6cb638da\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-6b457ce8\" data-id=\"6b457ce8\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-47e11d10 elementor-widget elementor-widget-heading\" data-id=\"47e11d10\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">FOLLOW US:<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-103a36fe\" data-id=\"103a36fe\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-66cc77bb elementor-align-center elementor-widget elementor-widget-button\" data-id=\"66cc77bb\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.facebook.com\/edenvillasspain\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fab-facebook-square\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M400 32H48A48 48 0 0 0 0 80v352a48 48 0 0 0 48 48h137.25V327.69h-63V256h63v-54.64c0-62.15 37-96.48 93.67-96.48 27.14 0 55.52 4.84 55.52 4.84v61h-31.27c-30.81 0-40.42 19.12-40.42 38.73V256h68.78l-11 71.69h-57.78V480H400a48 48 0 0 0 48-48V80a48 48 0 0 0-48-48z\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">FACEBOOK<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-72aa8948\" data-id=\"72aa8948\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7f1d09fa elementor-align-center elementor-widget elementor-widget-button\" data-id=\"7f1d09fa\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.instagram.com\/edenvillasspain\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fab-instagram\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224.1 141c-63.6 0-114.9 51.3-114.9 114.9s51.3 114.9 114.9 114.9S339 319.5 339 255.9 287.7 141 224.1 141zm0 189.6c-41.1 0-74.7-33.5-74.7-74.7s33.5-74.7 74.7-74.7 74.7 33.5 74.7 74.7-33.6 74.7-74.7 74.7zm146.4-194.3c0 14.9-12 26.8-26.8 26.8-14.9 0-26.8-12-26.8-26.8s12-26.8 26.8-26.8 26.8 12 26.8 26.8zm76.1 27.2c-1.7-35.9-9.9-67.7-36.2-93.9-26.2-26.2-58-34.4-93.9-36.2-37-2.1-147.9-2.1-184.9 0-35.8 1.7-67.6 9.9-93.9 36.1s-34.4 58-36.2 93.9c-2.1 37-2.1 147.9 0 184.9 1.7 35.9 9.9 67.7 36.2 93.9s58 34.4 93.9 36.2c37 2.1 147.9 2.1 184.9 0 35.9-1.7 67.7-9.9 93.9-36.2 26.2-26.2 34.4-58 36.2-93.9 2.1-37 2.1-147.8 0-184.8zM398.8 388c-7.8 19.6-22.9 34.7-42.6 42.6-29.5 11.7-99.5 9-132.1 9s-102.7 2.6-132.1-9c-19.6-7.8-34.7-22.9-42.6-42.6-11.7-29.5-9-99.5-9-132.1s-2.6-102.7 9-132.1c7.8-19.6 22.9-34.7 42.6-42.6 29.5-11.7 99.5-9 132.1-9s102.7-2.6 132.1 9c19.6 7.8 34.7 22.9 42.6 42.6 11.7 29.5 9 99.5 9 132.1s2.7 102.7-9 132.1z\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">INSTAGRAM<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-3234dd3\" data-id=\"3234dd3\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4e25454b elementor-align-center elementor-widget elementor-widget-button\" data-id=\"4e25454b\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.instagram.com\/edenvillasspain\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fab-youtube\" viewBox=\"0 0 576 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M549.655 124.083c-6.281-23.65-24.787-42.276-48.284-48.597C458.781 64 288 64 288 64S117.22 64 74.629 75.486c-23.497 6.322-42.003 24.947-48.284 48.597-11.412 42.867-11.412 132.305-11.412 132.305s0 89.438 11.412 132.305c6.281 23.65 24.787 41.5 48.284 47.821C117.22 448 288 448 288 448s170.78 0 213.371-11.486c23.497-6.321 42.003-24.171 48.284-47.821 11.412-42.867 11.412-132.305 11.412-132.305s0-89.438-11.412-132.305zm-317.51 213.508V175.185l142.739 81.205-142.739 81.201z\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">YOUTUBE<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Real Estate buyer&#8217;s guide This easy guide will help you understand all the steps involved in buying and selling a property in the Alicante area (Valencian Community), the costs involved in the purchase and who is responsible for them. Purchase of second-hand homes If you buy a second transfer property in the Valencian Community, these [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":29982,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"template\/template-homepage.php","meta":{"footnotes":""},"class_list":["post-30023","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/edenvillascostablanca.com\/en\/wp-json\/wp\/v2\/pages\/30023","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edenvillascostablanca.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/edenvillascostablanca.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/edenvillascostablanca.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/edenvillascostablanca.com\/en\/wp-json\/wp\/v2\/comments?post=30023"}],"version-history":[{"count":1,"href":"https:\/\/edenvillascostablanca.com\/en\/wp-json\/wp\/v2\/pages\/30023\/revisions"}],"predecessor-version":[{"id":30024,"href":"https:\/\/edenvillascostablanca.com\/en\/wp-json\/wp\/v2\/pages\/30023\/revisions\/30024"}],"up":[{"embeddable":true,"href":"https:\/\/edenvillascostablanca.com\/en\/wp-json\/wp\/v2\/pages\/29982"}],"wp:attachment":[{"href":"https:\/\/edenvillascostablanca.com\/en\/wp-json\/wp\/v2\/media?parent=30023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}