FAQ

The fees depend on the profile of the operation and the needs of each client (whether he/she is a buyer or a seller), but normally our fees are  1% VAT included with a minimum of 2.000 € VAT included.

The commission of our agency is normally paid in two installments by bank check or T/T payment.

For buyers and investors who are willing to buy a property in Spain, a first payment will be made upon sigining the exclusive buyer’s agent agreement, and the second payment during the final signing of the public deed.

For sellers, the first payment will be made with the signing of the preliminary contract and the second payment during the final signing of the public deed.

All our clients will benefit from all our services regardless of the percentage of the commission charged. You can access the description of all our services for buyers and sellers from the services section.

A buyer’s agent agreement is sometimes called a buyer representation agreement or a buyer broker agreement. Each agreement is unique and tailored specifically for our client. That being said, in general, the agreement will contain terms that specify each party’s duties and responsibilities, the duration of the partnership, compensation, termination rights, and buyer exclusivity and representation, meaning the client agrees to work exclusively with us.

Normally, it is advisable to formalize an exclusivity contract with the client, it is the safest way for both the client and the real estate agency. The client will have a complete follow-up during the whole buying and selling process and will be informed and guided in every phase of the operation.  

Being ready and available at any time to answer any questions our customers may have is a priority for us. We adapt to our clients’ preferred method and frequency of communication. Because we know how stressful and complicated it is for our clients to wait until the end of the operation.

Yes, almost everything in real estate is negotiable. Typically, there is a difference between a home’s list price and how much it actually sells for. The current market’s saturation will determine how much wiggle room there is for negotiation. If you’re on the buyer’s side, expect the house to be able to be purchased for less if there is a lower demand than supply in the market. Vice versa, if you’re on the seller’s side expect it to usually sell for less.

Earnest money is similar to a deposit when renting a place. It is made in good faith to demonstrate to the seller that the buyer’s offer is legitimate. Usually the earnest money is in the form of a check or T/T payment. The amount is usually 10% of the selling price and essentially takes the property off the market. 

Yes. The full package of our services in addition to finding you the best property includes negotiations or bidding at auction, then liaise with any professionals from acceptance of the offer through to completion.

Fees for buying a property in Spain vary from area-to-area. Buyers must pay the majority of the costs, which are generally as follows:

• Property transfer tax: 6–10% (existing properties) / VAT (or IVA) at 10% (new properties)
• Notary costs, title deed tax, and land registration fee: 1–2.5%
• Legal fees: 1–2% (including VAT)

There are generally two types of home insurance (seguro de hogar) in Spain:

• Contents insurance (seguro de contenido), sometimes known as renters /tenants insurance, protects all movable assets such as furniture and valuables
• Building insurance (seguro de construcción) covers the fixed property including walls, floors, ceilings, and any internal fixtures

Neither contents nor building insurance is mandatory in Spain, although they are recommended especially if you own expensive property. You can usually buy them as a combined package, often just called home insurance. Most forms of home insurance in Spain typically include liability insurance coverage. If not, you can usually add this on as an extra.

Some overseas buyers purchase without a mortgage, but it is possible to obtain finance to buy a home. Spanish banks and international banks offer mortgages; some also offer specific deals for expats from certain countries.

As an overseas buyer, you may find you can only borrow at a lower loan-to-value (LTV) rate than Spanish residents, meaning you’ll need a bigger deposit. Spanish residents can generally borrow up to 80% of the property’s assessed value, but non-residents might be limited to 60–70% LTV, depending on the mortgage type.