Steps to Secure Your Dream Property
When you find your dream property and an agreement has been reached on the purchase price, the next step is to sign a reservation agreement for the property and prepare a purchase agreement between the buyer and seller. Then the payment process will initiate, but the clause in the purchase agreement dictates the delivery date and signing of the waiver in front of a notary at the Notary’s office (compare. Spanish Magistrate).
Understanding the Process
All documents are interpreted in your language, so that the full understanding of the buyer is ensured. Following the signing of the waiver and full payment, the keys are delivered. If you can’t see yourself being there at that turning point, we will be here to help you out with a power of attorney that can happen at any point in time of the purchase process, whether with Notarius in Spain or with a magistrate in Iceland. If a power of attorney is made with a magistrate in Iceland, you must also obtain an “Apostille” stamp from the Ministry of Foreign Affairs for certification of the relevant documents.
Iceland is part of the EEA agreement of the European Union and therefore, Icelanders do not need to have a residence or residence permit and can invest in real estate without further conditions. Zalt Properties helps its clients investing in real estate in Spain to apply for a Spanish National Identification Number (NIE - número de identificación extranjero) and open a Spanish bank account.
We are at your fingertips until the end! The set day of relinquishment is usually a day of great joy. Then you get your hands on “Copia simple,” which is a copy of a deed proving the real estate purchase. After registration with the Real Estate Registration, you will receive an original waiver that must be taken care of and kept like the “apple of your eye.” If a real estate loan is taken out during the purchase, the commercial bank takes care of registration of the original copy for the purchase and the original copy of the mortgage loan, at the Real Estate Registration. Registration can take up to 1-2 months and you will then get the original after registration, which you need to take good care of.
All documents are interpreted in your language, so that the full understanding of the buyer is ensured. Following the signing of the waiver and full payment, the keys are delivered. If you can’t see yourself being there at that turning point, we will be here to help you out with a power of attorney that can happen at any point in time of the purchase process, whether with Notarius in Spain or with a magistrate in Iceland. If a power of attorney is made with a magistrate in Iceland, you must also obtain an “Apostille” stamp from the Ministry of Foreign Affairs for certification of the relevant documents.
Buying property in Spain is a real dream that could be part of your reality!
