Pick up a newspaper, magazine or look on the internet and you will find that there are literally hundreds of estate agents to choose from. How do you begin to choose which one is right for you? This can be very difficult and it is easy to be swayed by impressive advertising, promises of a quick sale or finding your dream home, especially for those purchasing a property who may have no experience of estate agents in Spain.
Estate Agents in Spain are for the most part unregulated and need no particular qualifications, however you can pick an agent that is a member of a recognized professional body, for example API (Agente de la Propiedad Inmobiliaria) or GIP (Gestor Intermediario de Promociones y Edificaciones).
An SL (Sociedad Limitada) is the equivalent of limited company in the UK., this will give you the reassurance that the company you are purchasing property through is in the Spanish tax system. The company should publish their CIP number on their literature/website. There should also be clear contact information along with their business address.
Estate agents often charge high commissions and when selling or purchasing property you should check out these fee before committing yourself. Fees can be anything from 3% to 10% or a fixed price based on the value of the property. Some estate agents will display their fees on their website.
Do I need to sign a contract?
When you have chosen your estate agent, they may ask you to sign a contract with them which will set out their service, terms of conditions and fees. Check this contract thoroughly and if you already have a lawyer, ask them to look it over for you. Watch out for agents adding clauses about using certain lawyers as you will want to find your own independent lawyer who act solely on your behalf
What paperwork should I give to the estate agent?
Normally you will be asked for a copy of your title deeds, your NIE number (numero de identidad de extranjero), Passport number and a copy of a recent electric and water bill. If you have done works to your property then you may also be asked for copies of any planning permissions and if it is a new build, a copy of the habitation licence.
You will need your original NIE number when you visit the Notary to sell or purchase the property. NIEin1Day can help you make a new application for your NIE number or to obtain a duplicate copy of the your NIE number if it has been lost
The best advice when selling or purchasing property is to check out various different estate agents in the area you have chosen, and visit as many as it takes before making any final decisions.
For more information on obtaining your NIE in 1 day or any of the other services we can provide, contact us at firstname.lastname@example.org or www.niein1day.com