Are you thinking about to buy a second holiday house in Fuerteventura?

It’s useful is you check out the houses for sale in Corralejo, the main tourist point of Fuerteventura, and once done this, have a look at all legal procedures to purchase a new house and both parts involved are happy with the process.

We want to help you and we are going to tell you the main points you need to know and follow for buying a holiday house, in this case, in Fuerteventura.

It may seem obvious, but lots of times we forget to see the maximum amount of money that we can spent for purchasing. How to do it? A good way is to invested not exceed 35-40% of monthly incomes.

Also it is interesting to consider the saved money available.

Once it is clear the budget available, it is time to choose the method of payment:

◦ Cash

◦ Mortgage loan

◦ Mortgage subrogation

You have already chosen the location and type of house that you want, then next step is to visit it. Go with notebook and camera to mark and photograph all aspects that catch your attention.

During the viewing ask about the energy certificate, a mandatory document.

When you are sure and you want the house visited, presents another offer to the seller.

Usually, discounts on initial sales price are between 10 and 30% , although all depending on the region of which it is concerned.

Go to the property registration and check that everything recorded relating to the house is perfectly in line respecting that you've seen before.

Very important! You never give money in advance without confirmation from the bank that the mortgage is ' pre-authorized '

This document is the first document that you have to sign and it is as important as the house deed. This document is to safeguard the rights of both parts, buyer and seller.

When you sign the ‘arras’ contract, it is usually that you have to advance until a 10% of the total price of the house to the seller.

At this point, it is time for signing the deed of the house. In this process, seller and buyer notify their desire to buy and sell the property.

This document should include the description of the house , the agreed price, the payment method, the applicable tax and the sharing expenses, for example.

Before signing, check out the energy certificate and the proof of payment of the last IBI and that everything is up to the date.

The main expenses are: - Taxes arising from the purchase as VAT - The Municipal Tax on the Increase in Value of Urban Land - Notary expenses - Registration expenses in the Property Registry - If you apply for mortgage loans, these costs must be added the taxes set by the bank

House is already yours! Don’t forget to change the name of the supplies.

Keep until the last paper, bills, receipts… related to the purchase for that it could happen.

Changing the ownership of the supplies

The sale of the house in Corralejo, Fuerteventura, has ended. Now you just have to… enjoy it!

Contact us!

(+34) 928 86 70 87

info@inmobiliarialagun.com