Buying Your Property in Marbella: Frequently Asked Questions

Publication: 14 Nov. 2024
Share:
Back to Blog

Thinking about buying property in Marbella? Marbella Hills Homes is here to make the process easy and enjoyable. Here are answers to some of the most common questions buyers have about purchasing property in this popular shoreside city.

1. What are the steps to buying property in Marbella?

The process typically begins with selecting a property, followed by making an offer. Once accepted, a reservation contract is signed with a deposit to secure the property. A private purchase contract is then drawn up, and, finally, the deed is signed at a notary’s office, where the remaining balance is paid. Marbella Hills Homes assists you every step of the way, ensuring a smooth experience.

2. Do I need a lawyer for the purchase?

Yes, having a local lawyer is advised to protect your interests. A lawyer will conduct all necessary due diligence, ensuring the property has no outstanding debts and that all paperwork is in order. We can recommend trusted local legal experts to make the process as straightforward as possible.

3. What additional costs should I budget for?

In addition to the purchase price, buyers should budget for taxes, notary fees, and legal costs. Property Transfer Tax (around 7-10%) and notary fees (approximately 1-2%) are common, as well as legal fees. Our team provides a full breakdown of costs before you commit, helping you budget accurately.

4. Can non-residents buy property in Marbella?

Absolutely. Spain has no restrictions on foreign property ownership, making it straightforward for non-residents to buy. You’ll need a NIE (Número de Identificación de Extranjero) for identification, which we can help you arrange, simplifying the process.

5. Is it possible to get a mortgage in Spain as a foreigner?

Yes, foreigners are eligible for mortgages in Spain, with banks typically offering up to 70% financing for non-residents. Our network includes trusted mortgage advisors who specialise in helping foreign buyers secure the right financing options.

6. How can Marbella Hills Homes help me find the perfect property?

Our team knows Marbella and the surrounding areas inside and out, from luxury beachfront homes to peaceful hillside retreats. We listen to your needs and offer a tailored selection of properties that match your lifestyle and investment goals, ensuring you find the ideal place to call home.

Purchasing property in Marbella can be a rewarding experience with the right guidance. Ready to get started? Contact Marbella Hills Homes to find out how we can help you make your dream of owning property in Marbella a reality!