Buy property

BUY HOUSE

Buying a home or a holiday home in the Canary Islands is a bit different from buying similarly in Norway. There are other rules that apply and a different culture than we are used to. But in Notar we are concerned that it should be as simple as possible for you as a buyer. We make sure you have the right people, with the right and good knowledge of local rules and conditions, to help you.

At Notar you are therefore in good hands. We will assist you throughout the purchase process, with all applicable laws and regulations, so that the purchase of the property is carried out properly and without complications. We are also available after the purchase is complete, if needed.

When looking for properties in the Canary Islands, you can often find the same property with several brokers. It is therefore important that you find a broker you know and can trust, which you can talk to in your own language.

DISPLAY
We help you find relevant homes, and once you have found one or more of the relevant homes, we will book impressions. All of our views are individual, meaning you have plenty of time for all questions and reviews.

BID ROUND
Our brokers place great emphasis on being available to both the buyer and seller in the bidding round, so that it is handled efficiently and professionally from the first bid to the contract of sale.

Bidding in the Canary Islands is not as we understand it in Norway, the one who comes first with the bid requested by the seller, secures the home. The only negotiation that can occur is if the buyer places a lower bid than requested by the seller. I don't understand this ...

Notar accept and forward all bids to the seller. The bids are usually given by phone and confirmed by email or SMS.

RESERVATION CONTRACT
Once you have found the property you wish to purchase, a reservation contract must be written. The reservation contract states something about which property to sell, for what price and at what time.

Our contracts have been prepared in accordance with the requirements of Spanish law. A contract from us therefore ensures all interests in accordance with laws and regulations, whether you are a seller or buyer.

At the contract meeting, we review the contract to clarify possible misunderstandings. When signing a reservation contract, the buyer pays 10 percent of the total purchase price. Once this is done, the property is secured and removed from the market.

Before you can buy a home in Spain, you must have a Spanish identification number called "NIE". If there are more people who want to own the house together, everyone must have their own "NOT". This will Notar assist with. Normal treatment time of "NIE" is approximately two months.

DEALING AND TINGLING

On the settlement day, the seller, buyer and broker meet with Notary Public, for signing the final purchase contract (Escritura pública de compraventa). When signing the final contract, registration of title, transfer of ownership and redemptions of any loans are carried out. The buyer pays the balance of the sales price and the keys are handed over.

MARKET
Understanding the market value of the Canary Islands is not always easy. The statistics are not as accessible and accurate as in Norway. The real estate prices in the Canary Islands are an estimated market value determined by the seller. Therefore, prices may vary depending on the seller's rating.

At Notar, we have access to statistics that make it possible to get a better impression of the correct value of a property.

EXPENDITURE
Costs related to the purchase of real estate in the Canary Islands are approximately 10 percent, divided between taxes and fees.

Finance
If you want funding in Norway or Spain, we can assist you in putting you in contact with relevant players.

Property Match
We have good databases and systems to help you find the holiday home in the Canary Islands that suits your wishes. We will let you know every new home that matches your dream home.

I want to receive relevant housing by e-mail. After submitting the form, you will be contacted by a broker.