Buying a house in Dénia: Procedures I must carry out

The acquisition of a home requires a significant outlay and a headache with respect to the required paperwork. Therefore, it is vital to be clear about the procedures and steps to follow or, what is more advisable, hire the services of a real estate agency. In this article we leave you a small guide to not get lost in the maremágnum that involves buying a house. For our part, we will be happy to help you with any type of procedure you need to carry out.

Procedures to buy a house in Dénia

Assuming that you have already chosen the house of your dreams, the first thing is to check that the documentation of the house is in order. To do this, we will go to the Property Registry of Dénia.

Land Registry

Here, we will ask for an updated Nota Simple where we can check if the property is free of charges, mortgage and others. Or if, on the contrary, it has some embargo, debts, community defaults, IBI, garbage tax, etc.

Mortgage

In case all the documentation of the house is correct and we have opted for financing for the purchase of the home, it is time to choose a mortgage. Financing is something we can advise you on if you are not from the area, regardless of whether you consult your usual bank.

Private housing reservation contract / Arras Contract

A private document signed by both parties stipulating the signal that the buyer pays the seller to reserve the property.

Notarial deed of sale of the house

The Notary is in charge of elevating the contract to a public deed. In other words, the change of ownership of the home is recorded.

Payment of taxes derived from the purchase of the home

New Construction: Payment VAT and AJD (Documented Legal Acts)

Resale: Payment of the ITP

The Property Transfer Tax is paid within a maximum period of 30 days after having acquired the property. It is the responsibility of each autonomous community and there are several assumptions; in the Valencian Community, an ITP between 4 and 10% is applied.

Register the property in the Land Registry

It is not a mandatory procedure, but registering the property, we will be legally protected by appearing as sole owners of the home. In addition, they will also require it when applying for the mortgage or in case of change of ownership in the Cadastre. 

Finally, the change of ownership in the Cadastre and in the supply contracts would subtract.

And you, do you need help with the procedures to buy a house in Denia? Count on us!