When purchasing a resale property on the Costa Blanca, the key costs to consider are:
1. Property Price: The actual price of the house.
2. Property Transfer Tax (ITP): 10% of the agreed purchase price.
3. Notary Fees: Charges for the notary's services to legalize the property transaction.
4. Land Registry Fees: Costs associated with registering the property in your name.
5. Lawyer’s Fees: Hiring a lawyer to assist with the legal aspects of the purchase is more than just checking for debts and making sure the property is legal, they’ll give you peace of mind that your investment is safe.
Understanding and budgeting for these essential costs upfront is crucial when buying a resale property on the Costa Blanca. Always work with legally registered Real Estate Agents as this helps ensure a smooth and legally sound property transaction. Ask to see their red RAICV government issued certificate!
Selling? We have buyers! Contact me today on 966 718 392.
Buying? Download “The ultimate property buying guide for 2023”: www.BuyMyHomeInSpain.com
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