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Title:A Touch of Home
A Touch of Home
A Touch of Home
A Touch of Home
Spain is known for its exquisite beauty not only in terms of culture but of landscape as well. It's no wonder why many foreigners are dreaming of owning a property in the Spanish territory. Here is a short guide for expats looking for spanish villas for sale. Extra information about spanish villas for saleDo you need to be a citizen or a resident to buy a property in Spain?No. Everyone is allowed to purchase and own a property regardless of nationality. This means that foreigners can buy Spanish villas for sale. In fact, the Spanish government is encouraging foreign investment in their country especially in commercial and residential properties. However, the process is normally faster for EU citizens.What about visa?Spain is currently offering a golden visa for foreign investors who have acquired a property amounting to EU 500,000 or above. This is not similar to a working visa but this will let you reside in the country without restrictions. Retired individuals who wish to own a house in Barcelona, Madrid or other cities of Spain can take advantage of this great offer.What legal requirements are to be processed?A preliminary contract must first be signed by the seller and buyer. Notary is also advised by majority of mortgages. The buyer will have to pay a 10 deposit, then taxes and other duties will be paid in full upon closure of sale. What should a buyer do in case of damages?After the house was sold and the buyer discovered damages, the seller is legally responsible for all the repair costs. This is applicable even if the seller was not aware of the defect. On the other side, the buyer is obliged to ensure that all taxes are paid in full. So, there is an equal responsibility for both parties.Are papers written in Spanish?Typically, all transactions and processes will be done in their native language which is Spanish. Hence, the buyer is advised to get help from an expert translator to assist in processing the papers. This translator should be knowledgeable in Spanish language and in Spain's legal rules as well. Can the buyer reseller the property?The current state of real estate in Spain and in other parts of Europe is not good. Although this is legal and is not restricted by local law, do not expect that the property will be sold for a better price. In fact, it may take a lot of time to find a potential buyer. So before purchasing a property in Spain villas, you have to make a firm decision to keep it under your name for a long time or for a lifetime.What are the benefits of owning a villa in Spain?Spain is home to beautiful architecture and interior style. These properties are often designed according to classic Spanish taste in the form of colors, materials, and quality. Although the price of these properties can be hefty, it's truly worth the money. Ask an agent today to know the tiny details.

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