Costa Blanca Shopping Guide

Our Costa Blanca Buying Guide section is designed to help you purchase your property with confidence.

Buying a home on the Costa Blanca is much more than a real estate investment: it is a commitment to a unique Mediterranean lifestyle, with an enviable climate, dream beaches, charming towns, and an exceptional quality of life. In this Costa Blanca buying guide, you will find all the information you need to purchase your home safely.

At Hispania Homes, as part of the international network Keller Williams international network, we offer you one of the the most extensive catalogs of properties on the Costa Blanca, as well as exclusiveexclusive and off-market properties thanks to our ABR accreditations. ABR accreditations (Accredited Buyer’s Representative) and Luxury Home Certification. Our team is prepared to offer you a personalized shopping experience and help you find the perfect home, even if it’s for sale at another agency.

In this guide to buying in the Costa Blanca you will discover not only why this region is ideal to establish your first or second home or invest in a market of great projection, but you will also discover how the buying process is developedYou will also discover how the buying process is carried out, the previous steps you must take, the expenses you will have to face and practical advice to make the best decision for your future.

How to buy a house on the Costa Blanca? We tell you about it:

1. First steps before buying

Before you start looking for your new home on the Costa Blanca, you should define beforehand a series of aspects that will facilitate your subsequent search process.

1.1 Define your budget

The first step is to establish how much you can invest. Keep in mind that, in addition to the price of the house, you will have to add between 10% and 14% additional additional taxes and expenses (notary, notary, registry, etc.).

Decide whether the purchase will be made with your own resources or through mortgage mortgage financing. In the latter case, it is advisable to study your financial solvency and talk to your bank or a specialized broker. In our real estate agency we can put you in contact with trusted partners who will guide you in this process.

Real estate market report in Costa Blanca North

We explain how the price of housing is in the area and our forecast

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1.2 Search criteria

Once the budget is set, it’s time to define what type of property fits you best. Ask yourself:

• Which location (quiet area, close to the sea, close to services…).
• Do you prefer a modern apartment, a villa with sea views or a traditional finca?
• What needs (space, number of rooms, accessibility…).
• What objectives (living all year round, second home, investment to make it profitable…).

Having the support of a Hispania Homes by Keller Williams real estate advisor allows you to align these preferences with the best opportunities in the market and avoid wasting time on properties that do not meet your expectations.

• You may be interested in: Alicante’s premium areas preferred by foreign buyers.

2. The purchasing process on the Costa Blanca

To buy a property on the Costa Blanca it is necessary to follow a series of well-defined steps to ensure the security of the transaction.

2.1 On-site and virtual visits

Thanks to our membership in the Real Estate Association of Teulada and the international database of Keller Williams, you will have access to a wide range of properties very extensive catalog of propertiesincluding some exclusive and off-market properties. You will be able to visit the property in person to see it first hand or to visit it in person. virtual tours if you prefer to start filtering options from your home country.

Our advice is to explore several alternatives that fit your criteria, compare condition, environment and appreciation potential. At Hispania Homes by Keller Williams we coordinate visits efficiently and we will offer you honest and professional advice. Even before your arrival in our country, you will be able to visit properties virtually to make sure that what you are going to see fits 100% with what you are looking for.

2.2 Reservation of ownership

Once you have found the right property and agreed the price with the seller, the next step is to formalize the reservation. This is a key moment because ensures that the property is taken off the market while the legal and financial review is carried out.

The reservation is made by signing a reservation contract and paying a deposit. payment of a deposit which usually ranges from 5,000 to 20,000 euros depending on the value of the property. This amount guarantees your commitment as a buyer and, at the same time, the withdrawal of the property from the market.

It is important to note that this deposit is non-refundableunless otherwise agreed in the contract. Therefore, before signing, we will review with you every detail so that you have total confidence in the operation.

2.3 Documentation review

Once the property is taken off the market, it is time to check that all the documentation is in order, both yours as a buyer and that of the property you are going to buy. This will avoid legal and financial problems in the future problems in the future and will guarantee you a safe operation.

2.4 Documentation you need as a buyer

Before starting the buying process on the Costa Blanca, you must have certain basic documentation that will vary depending on whether you are a resident in Spain or a foreign buyer. Preparing it in advance will allow you to streamline procedures and avoid unnecessary delays.

• You may be interested in: The NIE as an indispensable requirement to buy a property in Spain being a foreigner.

2.5 Documentation of the dwelling to be reviewed

In addition to preparing the documentation you will need to buy, at Hispania Homes by Keller Williams we make sure that the property you are going to buy is free of legal and financial risks. To do this, we check:

• You may be interested in: Essential glossary: 20 real estate concepts every buyer and seller should understand.

2.6 Purchase and Sale Agreement

After the reservation and review of all the documentation, the next step is the signing of the purchase contract (also known as earnest money contract). This is a binding document in which all the details of the property are detailed. conditions of the transactionFinal price, payment terms, date of signature of the public deed and any other clause agreed between buyer and seller.

At this point, the buyer usually delivers 10% of the price of the property. 10% of the price of the property as a down payment. This amount is reflected in the contract and acts as a guarantee for both parties:

• Protects the buyerby ensuring that the seller cannot offer the property to another interested party.
• Protects the sellerIn case of default by the buyer, he would lose the amount delivered.

At Hispania Homes by Keller Williams we meticulously review each contract so that you can be sure that everything is clearly and fairly reflected before taking the final step towards the public deed.

• You may be interested in: 10 Common Mistakes to Avoid When Buying a Home

2.8 Public Deed

The last step of the purchase process on the Costa Blanca is the signing of the public deed of sale before a notary. At this moment the final payment of the agreed price and the title to the property is officially the title of the property to the buyer.

What you need to know before signing:

• The notary verifies the identity of the parties, ensures that the property is free of encumbrances, and checks that all conditions agreed upon in the purchase contract are met.
• After the signing, the buyer receives the original deed and the keys to the property, at which point they can take possession of their new home.
• The Deed is then registered with the Land Registry, guaranteeing that the ownership is recorded in the name of the new owner.
• If the buyer has applied for financing, the bank transfers the remaining amount directly to the seller during this act.
• It is common for the notary to retain a copy in order to verify compliance with tax and legal obligations.

At Hispania Homes by Keller Williams we will accompany you throughout this process, coordinating with your notary and lawyer so that the signing will be secure, clear and without surprisesand making sure that all subsequent formalities (registration, taxes, utilities) are handled correctly.

• You may be interested in: Essential glossary: 20 real estate concepts every buyer and seller should understand.

3. Funding

Although many buyers acquire properties on the Costa Blanca with their own resources, in many cases it is necessary to resort to financing. In our agency we advise you to understand all the options available and find the one that best suits your situation.

With the right financing, you can access the property of your dreams on the Costa Blanca without compromising your financial stability, optimizing your investment and ensuring that all procedures are carried out in a safe and transparent manner.

Purchasing costs on the Costa Blanca

When buying a property on the Costa Blanca, in addition to the price of the property, you will have to consider a series of additional expenses that usually amount to between 10% and 14%. of the purchase value. These include taxes, notary and registry fees and other professional services.

4.1 Purchase taxes

Taxes represent most of the additional expenses when buying a property on the Costa Blanca. Their amount varies depending on whether you buy a new or second hand property.

• You may be interested in: Buying a new house in the Valencian Community, step by step.

4.2 Other purchase costs

In addition to taxes, the purchase of a property on the Costa Blanca generates another series of expenses that should be taken into account to estimate the final impact of the acquisition.

• Notary fees: The signing of the public deed before a notary generates expenses that vary according to the price of the property, although in most transactions they are between 600 euros and 1,200 euros.
• Registration in the Land Registry: After signing, the deed must be registered in the Land Registry.
• This cost usually ranges from 400 euros to 800 euros, depending on the value of the property.
• Gestoría ( optional but recommended): If you decide to have all the administrative documentation processed by a Gestoría, the cost is usually between 300 euros and 500 euros.
• Appraisal (in case of mortgage): If you apply for financing, the bank will require an official appraisal of the property. Its cost is usually between 300 euros and 600 euros.

5. Post-purchase services

As specialists in the purchase and sale of properties on the Costa Blanca, we know that the signing of the deed of sale is only the beginning of a new stage beginning of a new stageWe want to continue offering you a comprehensive service so that you can enjoy your new home without any worries. That is why at Hispania Homes by Keller Williams you will find solutions adapted to your needs:

• Change of supplies and administrative and administrative procedures: water, electricity, gas, internet and other basic services.
• Tax and legal management: advice on the payment of annual taxes (IBI, IRNR, IRPF) and tax representation for non-residents.
• Maintenance and renovations: coordination of repairs, renovations or improvements to your new property.
• Decoration and furnishing servicesWe help you to create a home adapted to your lifestyle.

We hope this guide has helped you to understand what is involved in buying a property on the Costa Blanca. At Hispania Homes by Keller Williams we are at your side to accompany you through every step of the process, ensuring that your purchase is safe and hassle-free.

In order to have all this information always available, we invite you to download our PDF Buying Guide.