Finding your Dream Home in Southern Spain with MiCasa24 Real Estate is easy. When looking for an apartment, townhouse, villa, finca or plot of land on the coast or inland, we are here to help. It is our policy to meet the needs of our clients at all times, not only during your purchase, but also offer further support as part of our after sales service.
We are local Real Estate Professionals, who live and work in this area, with over 25 years experience in this business. We know the neighbourhoods, the current market, and the opportunities for buyers in today’s market. We have helped people find their perfect home, the place to live, and are committed to helping you find the property you want, at the best possible price. Our property portfolio covers properties for sale and permanent swap in Competa and the surrounding area, east of Malaga, Costa del Sol, Spain.
What Our Clients Say …
I would like to take the opportunity of thanking you for your time during our trip to Malaga and must advise how helpful and professional you were.
As a first time buyer, we had a lot of questions and concerns. They were informative and very helpful in showing us properties. I would definitely recommend them to anyone looking for a hassle free and efficient real estate experience.
We came to you with a bit of a challenge – buying a house in Spain. From our initial meeting we both felt calm and confident and knew we were in great hands. We were impressed with your ability to make things happen and your expert advice in negotiations. Thank you so much for all your help, we love our new home and can’t wait to move in.
Your professionalism and knowledge of the current housing market provided us with the tools we needed to feel comfortable in both the buying and selling process. We really appreciated your timely and informative emails. Your negotiation skills were imperative to helping us get what we wanted in both our new home and selling our current place. You are a great team!
Thank you for selling our house in Spain. We are very pleased with the end result, and know that it was your professionalism and expertise that made all the difference in bringing the right purchasers and then closing this deal. It has been a great pleasure working with you, and you can be sure we will recommend you to friends and family.
CHECKLIST BEFORE BUYING PROPERTY IN SPAIN
We have put together a checklist of most important matters you need to do before to buy your dream property. Once you have decided on the property you wish to buy, there are a few steps for you to know, which will help you going through the purchase process.
WHAT CAN I AFFORD?
You should never spend more than 30% of your monthly income on a mortgage payment. An alternate rule states that you can afford to buy a property that runs about two-and-a-half times your annual salary. For a more tailored look at what you can afford, use our online mortgage calculator to see what your monthly mortgage payments would be.
USING A PROFESSIONAL PROPERTY AGENT
As a professional property agent we try to be as helpful as we possibly can. We provide a wide selection of properties and local information. We may also help you to seek out the perfect property even though we do not have it already listed. Agents do not normally make a charge to buyers and therefore it makes sense for a buyer to use the helpful and knowledgeable services of an experienced agent. Agent's fees are usually paid by the seller as an agreed percentage of the purchase price.
MAKING AN OFFER ON A PROPERTY
When you have decided on the property, the first step is to make a verbal offer through MiCasa24 Real Estate. Negotiations will then proceed until a price is agreed when you should appoint a lawyer to formalize the agreement.
APPOINT AN INDEPENDENT LAWYER
The lawyer, who should be fluent in Spanish and your own language will carry out the necessary checks on the property and complete the legal requirements of the sale. The first check is to obtain from the property registry a "Nota Simple" which will identify the registered owner and provide details of mortgages or embargos on the property. You should obtain from the seller receipts for payment of IBI (Impuestos sobre bienes Inmuebles), the annual real estate tax.
THE HOLDING DEPOSIT
After the price is agreed and the "Nota Simple" has been checked, you will have to pay a holding deposit to take the property off the market and reserve it until you can reach completion. Your lawyer will prepare a formal offer and agreement contract for this purpose.
EXCHANGE OF PRIVATE CONTRACT
The exchange of private contract or the signing of an option to buy would normally take place about two weeks after the formal acceptance of an offer, when the lawyer would have completed his searches. The contract would set out all the agreed terms and set a date for completion. It is usual for the buyer to pay a 10% deposit at this stage.
COMPLETION AT THE NOTARY
On the assigned day, buyer and seller (or their authorized representatives) will attend the office of the notary to sign the "Escritura de Compraventa" (the Title Deeds), which should state that the property is sold free of charges, mortgages and tenants. The Notary does not check the terms, but solely certifies that the parties have agreed them. At this point, the balance of the payment is made and property possession passes to the buyer. Your lawyer will arrange payment of taxes and fees, and register your title deed at the property registry.
PROPERTY PURCHASE TAXES & FEES
There are three fees to be paid: Lawyers fee, Notary fees and property registry fees. Also there are two taxes, transfer tax (ITP) and Plus Valia.
WHO PAYS WHAT?
It is normal practice for the buyer to pay the above fees and taxes with the exception of the "Plus Valia", which has to be paid by the seller. The vendor will pay his own capital gains tax and also the estate agents fee.
LET US FIND YOUR DREAM HOME IN SPAIN
Save yourself some time by first identifying exactly what you need and want in a home. You know what you can afford, so it’s time to start finding your dream home. If you already have navigated our website and have not found the property you are looking for, we will do our best to find it. We’ll save you time and stress by only showing you homes that meet your needs, your preferences, and your budget.