Costs

Besides the price of the housing, is it necessary to keep in mind more expenses?
It is necessary to have present that the purchase of a housing will generate a series of expenses during the process of acquisition. The expenses to keep in mind are the following ones: fiscal, he/she would notice, I register of the property, bank, appraisal and of sure.

The taxes are to pay in the purchase of a housing
This depends on the characteristics of the housing:
- Value-added tax (VAT): it will only be applied in the case of first transmission (he/she buys direct to the promoter). The amount to be satisfied calculates applying a percentage on the notarized price (7% in free housing and 4% in housing of special official protection).
- Tax of patrimonial transmissions: it will be applied for housings of second hand. It is usually 7% on the notarized price of the housing, although it depends on the autonomous community in which the is located well.
- Documented Law acts (AJD): when the operation is subject to VAT and not to ITP AJD will yield also whose percentage depends of the autonomous community in which the property is located.
- Tax about the Value of the Lands of Urban Nature: it depends on the cadastral value of the floor, years lapsed from the acquisition of the property and of the municipality where the housing is located.

The expenses of the notary's office
The notary carries out diverse functions that they go from judging the capacity of the contracting parties, until the advice to the parts and warning of the applicable legal dispositions, so much civil as administrative and fiscal. In the process of acquisition of a housing, they exist expenses that we should pay the notary in connection with the writings that we formalize, the sale and purchase contract, the forecast of funds for the registration of the property and the mortgage loan (when it is necessary).
The day of the signature of the writings, you will carry out a provision of funds in favor of the agency that will take charge of those administrative steps. That provision will be good to in fact make front to these expenses. If once subscribers some spare amount exists - it is habitual - the agency will enter you in your bill the amount of the liquidation that he/she carries out. If on the contrary it had not been enough the provided amount, would be passed an additional liquidation.

The expenses corresponding to the registration of the property
It can happen that before acquiring the housing you want to know this way the state of the same one how if economic loads exist or if the proprietor is really the proprietor of the housing. In that case you have to request to the registration of the property simple notes to check the ownership state and the loads that he/she has acquired the housing. Then the inscription takes place in the registration of its proprietor condition as well as the existence of a mortgage.

The agency expenses
In the case of requesting a mortgage loan, it is appealed to the appraisal services with the purpose of determining the actual value of the housing.

It is necessary to hire an insurance of damages of the housing
The law 2/1981 force the holder of a Mortgage loan to hire an insurance of fires (or of damages) on the housing to mortgage. It is also advisable, although not obligatory to hire an insurance of paying-off of the loan that covers, in the event of death of their holder/s, the pending capital of payment.

They should be carried out previous confirmations to the purchase of a housing
If you like the housing you can make some confirmations.
Carries out a verification or certification registering that it is the consultation to the register of the property to check the existence or not of some condition (if the salesperson of the housing is really the proprietor, if loads exist, rent contracts, etc.) on the housing to acquire that it can harm the enjoyment of the property. If some of these circumstances exist, it is advisable that you make sure of making the purchase free of any type of loads or, of not being possible, to have perfect knowledge on the reach of the same ones.
In the city council you can check if the housing is affected in an unfavorable way by some projected town-plan and if it completes the demands of the town-plan in vigor. Also, they can inform you on the state of payment of the municipal taxes and of the appreciation tax.
In case the housing is mortgaged, it is convenient to go to the financial entity together with the proprietor to check the state of the debt and to study, in its case, the possibility to subrogate us in the same one.