How long does it take to buy a property?
Let’s start by defining the total duration of the process , since knowing the times in advance will be important to be able to plan correctly.
The home buying process can be divided into three different steps , each with a different duration.
The first thing you should do is find the ideal house . That is, the house that suits your needs and the one that you will finally choose.
Depending on how demanding you are (and here are reasons enough to be), this can last anywhere from 3 months to even a whole year .
Take your time.
Make sure you find the right city or town, and look not only at the house and all its internal features, but also its surroundings and how close you will be to places like public transportation, shopping malls, or even your favorite entertainment venues.
Once you have found YOUR home, you will begin the actual buying process .
This can last from 2 to 3 months until you finally receive the keys.
However, in the vast majority of cases, this process will take even longer (and therefore the last and third step will be created), if you apply for a mortgage .
If that is the case, you will have to add a few more weeks , since the bank takes its time to verify and prepare all the related details and finish the process.
Obtaining the NIE is the first step, and in fact one of the most important.
The NIE is the identification number that you are as a foreigner , and it is essential to carry out any type of economic activity or financial transaction (such as the purchase of a home), as well as to register as the owner of the house once purchased.
Requesting this number is quite simple, and you can do it from abroad (at the Spanish embassy while still in your country of origin) or directly in Spain.
There are different types of NIE , and depending on your plans you Asia Mobile Number List ust request one of the following options:
A NIE as a non-resident if you are going to buy the house but you are not going to live in Spain (that is, you will only travel to the country for that reason) and you are a non-EU citizen.
2. Open a bank account
Although it is not 100% necessary, having your bank account in Spain will speed up the process and facilitate the transaction in its different steps.
This bank account will be necessary to pay the notary fees and all other associated costs.
In addition, the usual thing is that having the money Cryp Email List abroad supposes delays and extra complications .
Once you have the NIE, our recommendation is that you go directly to open an account with the entity of your choice.
We leave you here a complete guide with the step by step to open your bank account .
3. Negotiate with the seller
Now that you’ve found the home you’ve been looking for, it’s time to agree on a price with the seller .
