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The roll of the Notary in Spain. Do not sign any private contract without first consulting with a Notary.
As soon as an agreement on the price is reached with the seller, a Notary
handle the paper work for you. The Notary will draw up the deed, find
the best balance of interests In this way the buyer can always be sure he is buying in accordance with the Law and the Notary will undertake to check the ownershipof the property. In most cases, the Notary can be asked to handle the question of paying your taxes, reporting your investment as non-resident to the Spanish Authorities, handle the question of filing the deed at the respective official bodies and at the Land Registry, etc. Expect to pay your lawyer approximately 1% of the sale price although this can vary depending on whether any complications arise. Agree the fee in advance and be clear about what legal services you'll be getting for your money (local council searches, checks for debts on the property, property registration etc are all standard services which should be included in your lawyer's fee). There's also a property registration fee to pay - this is usually about 40-50% of the notary's fee. Click here for property purchase
checklist.
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