|
| 2. |
Although
obviously the main reason for the visit is to look at
the area and view properties and hopefully agree to
buy a property you should allow some time to arrange
to: |
|
| a. |
Open
a bank account (and discuss a mortgage if
required) |
| b. |
Apply
for your NIE |
| c. |
Agree
to appoint a lawyer |
|
|
| 3. |
In
appointing a lawyer you can pass the following to them
to handle on your behalf |
|
| a. |
Assistance
in applying for an NIE |
| b. |
Preparing
the contracts and handling any “holding”
deposit and the 10% initial deposit |
| c. |
Carrying
out searches on the property |
| d. |
Preparing
a Power of Attorney if required |
| e. |
Advising
you on the funds that you have to have
available for completion |
| f. |
Arranging
the Notary appointment and attending with you |
| g. |
Advising
you on all fees, costs and taxes |
| h. |
Corresponding
with service companies and the Town Hall
regarding the change of ownership so that all
future bills can be assumed |
| i. |
Handling
annual fiscal matters |
|
|
| 4. |
Be
aware of the costs of purchasing and the funds that
you need available: |
|
| a. |
Have
immediate availability of €3,000 in case a
“holding” deposit is required. This is not
always the case but some sellers require it. |
| b. |
Ensure
that you have some funds available within 10
days of your agreeing to purchase a property.
This means you must have available the initial
deposit of 10% (less any “holding deposit) |
| c. |
Remember
to add 9% of the declared value to the actual
agreed price of the property to cover the
Government tax, Notary, Lawyer and other fees
and costs |
|
