As we have seen in the previous post, we already know what differences there are when we buy a home from a Resident or a Non-Resident. Now we are going to emphasize that we must take into account if We sell our home to a Non-Resident.
In the first place, when selling a flat to Non-Residents in Spain, the buyer is required to obtain the Foreigner Identification Number (NIE) before deeding the sale.
It is also convenient that this open a bank account in our country to prove the payment of the sale and the taxes derived from the operation.
From Drisar Advisors We always recommend signing a earnest money contract prior to the signing of the deed of sale, in which all the previously discussed aspects are agreed and highlighted, a maximum term of formalization is stipulated and a penalty is established in case of non-compliance.
And in terms of expenses? What affects me?
Always the most important part or at least the one that has the most strength in each sale process, is to know in advance how much the whole process is going to cost.
This way we avoid unwanted or unexpected expenses, and we can adjust and organize all costs in advance.
At expense, for us as vendors, we are going to assume the same expenses as a common sale to a Resident, that is, capital gains, management, etc…
All these amounts are provided to each client before starting the process.
But in the case of the Non-Resident buyer, they will have to face common expenses such as notary, registration, agency, etc.. and additional expenses, if applicable, the INRN (Non-Resident Income Tax)
How should I be advised by a professional?
After many years of experience and coming across cases of all kinds, we have come to the conclusion, based on all the feedback from our clients, that the most outstanding thing is the word tranquility.
Having a professional accompanying you throughout the process has informed you of each step that is taken or is going to happen, provides peace of mind and security that is very necessary for us in all processes.
From Drisar Asesores we request and review each document necessary for the correct and legal progress of the process, thus we have avoided many fraudulent purchases and with hidden defects that at first glance have gone unnoticed.
What do we guarantee with this process? That each client is fully informed that they are buying and in the conditions they acquire it, without future surprises or unexpected expenses or penalties.
We invite you to know some of the opinions of our clients on the "About us" page of our website www.drisarasesores.com
Do you have more questions or do you have more doubts, do not hesitate and contact us We will give you all the guidelines to follow.
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