Once you have found the desired property the next step would be to make a “Reserva” (deposit) in order to remove it from the market. Under the “Reserva” contract an amount agreed by both parties is signed followed by the corresponding deposit.
The next step involves a more detailed valuation of the house is carried out by qualified personnel to verify its legal status for the process to go ahead.
It typically takes an average of 3 weeks if no mortgage is required for financing.
If a mortgage is required, the purchase process will be marked by the times of the chosen bank.
Employment contract or Employer’s reference.
DNI/NIE number (You need to apply for a NIE number before buying a Spanish property).
Last 6 months personal bank statements showing pay received and day to day activity.
Copy of a personal credit file and/or annual tax returns.
Copy of passport.
Purchasing costs in Andalucía can be between 10% and 12% depending on the purchase price and the mortgage set up fees.