NECESSARY PROCEDURES FOR BUYING OR SELLING A HOME IN 2024 [PART 1]

Friday 11, January 2024 (13:18:43)

NECESSARY PROCEDURES FOR BUYING OR SELLING A HOME IN 2024 [PART 1]
In the complex scenario of buying and selling real estate in 2024, ensuring a hassle-free process is key. Obtaining the necessary documentation and navigating the various phases of the transaction demands precision and experience. To sell with total confidence, it is essential to have the support of a trusted real estate agency. At Inmobiliaria Barneda, located in Roses, we stand out for offering a team of dedicated professionals who will guide you through each stage. We are here to facilitate your real estate experience, providing comprehensive advice and ensuring that you achieve your goals with confidence and peace of mind. Contact us and discover how to make buying or selling a successful experience!

Selling a property with complete confidence involves obtaining a series of crucial documentation and navigating through various phases of the process. Below, we detail each of these aspects to ensure that every step of the transaction is carried out with precision and transparency.

Documents Required for Buying or Selling a Home in 2024:

The purchase or sale of a home is one of the most significant processes in a person's life. To ensure a safe and legal transaction in 2024, it is essential to have the appropriate documentation. Both buyers and sellers must be aware of the documents necessary to ensure a seamless real estate operation. In this article, we focus on the documents that the seller must provide in the process of selling a home.


1. Deed of Ownership: Document Proving Home Ownership

The deed of ownership is the fundamental document that demonstrates ownership of the home. This document establishes who the legal owner is and contains detailed information about the property, such as its boundaries and features.


2. Status of the Home in the Property Registry

Verifying the status of the home in the Property Registry is crucial. This step ensures that the property does not have outstanding charges or debts that could affect the sale. In case of any charges, they must be cleared before completing the transaction.


3. Energy Efficiency Certificate

The Energy Efficiency Certificate is a mandatory requirement for selling a home. This document provides information about the property's energy consumption and environmental impact. It is essential for energy-conscious buyers and contributes to a transparent transaction.


4. Certificate of Habitability or First Occupancy Licence

The certificate of habitability or first occupancy licence are documents that certify that the home meets minimum habitability requirements. Both are essential to ensure that the property is suitable for residence and complies with local regulations.


5. Certificate of Debts with the Homeowners' Association (if applicable)

If the home is part of a homeowners' association, the seller must provide a certificate of debts signed by the administrator and the president. This document ensures that there are no outstanding debts related to common expenses.


6. Statutes of the Homeowners' Association and Documentation of Recent Meetings

Including the statutes of the homeowners' association and documentation of recent meetings provides buyers with detailed information about the rules and decisions made within the community. This contributes to a more informed and surprise-free transaction.


7. Building Book

If there is a building book, it should be provided. It contains detailed information about the construction and maintenance of the building over time, providing a complete history that may be relevant to buyers.


8. Last Property Tax Receipts

Providing the last property tax receipts is advisable. This local tax is essential to keep the property's fiscal obligations up to date and ensure that there are no outstanding debts.


9. Engagement Contract

Although not mandatory, the engagement contract is advisable. This preliminary document establishes the commitment between the parties and the conditions of the sale. Having an engagement contract can provide additional security to both parties involved in the transaction.


In summary, the documentation provided by the seller is essential for a successful real estate transaction in 2024. Transparency and accuracy in the presentation of these documents are crucial for building trust between buyers and sellers, ensuring a smooth home buying or selling process.


Essential Steps and Procedures for Selling a Second-Hand Home in 2024:

The sale of a second-hand house is a process that involves a series of crucial steps and procedures to ensure a successful transaction. Below, we present a detailed guide on the steps to follow in this exciting real estate process.

a) Reservation: Ensuring Initial Commitment

The process begins with the signing of a reservation document, a non-binding private agreement where the buyer provides the seller with a small amount of money. This reservation ensures the seriousness of the buyer's intention to acquire the property.

b) Engagement Contract: Reinforced Commitment

Subsequently, the engagement contract is formalized. In this contract, the buyer provides the seller with a generally larger amount than the reservation. Unlike the latter, the engagement contract establishes deadlines, specific conditions, and consequences in case of withdrawal by either party. This step reinforces commitment and security in the transaction.

c) Signing of the Deed: Official Change of Ownership

The operation culminates with the signing of the deed of sale before a notary public. This act formalizes the change of ownership of the home. After this signing, the buyer is responsible for paying the Property Transfer Tax (ITP) within 30 days of the sale. The rate varies between 4% and 10% of the property's value, depending on the autonomous community.

d) Registration in the Property Registry: Ensuring Legality

To register the home in the Property Registry, three essential documents are needed: an authenticated copy before a notary public of the deed of sale, the self-assessment form justifying the payment of the ITP corresponding to the autonomous community, and proof of payment of the municipal capital gains tax.

e) Change of Ownership in the Cadastre: Updating Data

The change of ownership in the Cadastre is done virtually. This step ensures that the cadastral information aligns with the new owner of the home.

f) Payment of Property Tax: Annual Obligation

It is imperative to remember that the Property Tax must be paid annually. The amount of this tax varies according to the rates established by each municipality and must be assumed by the new owner.

g) Change of Ownership of Utilities: Ensuring Services

Finally, it is crucial to change the owner of the utilities. This involves activating basic services and informing service providers of the change of ownership to avoid interruptions in the supply of water, electricity, gas, and others.

In conclusion, following these steps and procedures meticulously guarantees a real estate transaction without complications and ensures that both the buyer and the seller fulfil all legal and tax obligations associated with the purchase of a second-hand home in 2024.

Efficiently organizing the purchase or sale of a home is crucial to avoid complications and ensure a successful transaction. The importance of having the guidance of real estate professionals lies in their experience and knowledge of the market, which facilitates informed decision-making. These experts can guide you in collecting essential documents, advise you on legal procedures, and offer a strategic approach. In this context, Inmobiliaria Barneda, in Roses, stands out as a fundamental ally. With a committed team, they provide comprehensive assistance in all aspects of the process of buying or selling properties in Ampuriabrava, ensuring effective and successful management.

If you have any questions or concerns, do not hesitate to contact us at our real estate agency in Roses. Whether by phone or through a message, our commitment is to respond to you as soon as possible. We provide you with the best real estate professionals, ready to provide the necessary guidance at every step of the process of buying or selling properties. We are here to make your real estate experience a successful and hassle-free one. Contact us and let us help you achieve your real estate goals!