FAQ

At Costa Soñada Realty, we realize there’s a big choice of properties for sale on the Costa Blanca, but we’re also well aware that you are only interested in considering those that suit your requirements. That is precisely why we have a team of professionals dedicated to showcasing only those properties that align with your budget. Our experts are committed to understanding your financial parameters and ensuring that the properties presented to you not only meet your preferences but also fall within your specified budget.

After you’ve identified the Costa Blanca properties you wish to explore, Costa Soñada Realty steps in to facilitate your journey to Spain and coordinate viewings that suit your timeline. We organize transportation to and from your chosen properties, ensuring a seamless experience. Our team remains by your side, ready to address any questions or concerns during and after the viewings. Your satisfaction and convenience are our top priorities throughout the process.

Absolutely, Costa Soñada Realty is here to assist you in organizing your journey to Spain. Our dedicated team can help plan and arrange your trip, ensuring a smooth and hassle-free experience. From providing travel recommendations to coordinating transportation and accommodations, we are committed to making your visit to Spain as convenient and enjoyable as possible. Feel free to reach out to us for personalized assistance with every aspect of your travel arrangements.

Typically, a preliminary deposit of 5000 euros is required to secure the property. Following this, you have the option to proceed with an initial contract where a 10% payment is made, or you can choose to go directly to completion at the Notary.

While the funds for purchasing a property on the Costa Blanca in Spain don’t necessarily have to originate from a Spanish bank account, it is advisable to have one for utility payments. At Costa Soñada Realty, we simplify the process by assisting our clients in opening Spanish bank accounts as part of our comprehensive property purchase service. This ensures that you have the necessary banking arrangements in place early on.

A Spanish NIE (Número de Identidad de Extranjero) is a crucial identification number required for various activities in Spain. Whether you are an EU citizen or from a non-EU country, obtaining a NIE is essential for both residents and non-residents with financial affairs in Spain. Comparable to a Spaniard’s Número de Identificación Fiscal (NIF), the NIE serves as a fiscal identification number. Key situations where a NIE is mandatory in Spain include: Opening a bank account Buying, selling, or insuring property Arranging credit terms or a mortgage Paying taxes Receiving payment for employment Utilizing short-term employment agencies Applying for a business permit and starting a business Registering with social services and accessing social security benefits Applying for a driver’s license as a newcomer in Spain, obtaining a NIE should be a top priority, and the application process can be initiated upon your arrival by our company as part of our service.

t is highly advisable
to create a Spanish Will when you own property in Spain, as it simplifies matters significantly. In the absence of a Will, whether in Canada or USA or Spain, uncertainty arises regarding the inheritance of your assets upon your demise. Spanish inheritance
law relies on a set of rules known as the intestacy rules to determine the heirs, making the creation of a Spanish Will crucial for specifying your preferences and ensuring a clear distribution of your assets.

The cost for a Spanish Will is approximately €230, inclusive of taxes. If the will is signed in Spain, there may be additional notary fees of up to €100. It is essential to note that the Spanish will must be registered at the Civil Registry in Spain after its creation.

With the foundation of Costa Soñada Realty, our extensive experience in the Costa Blanca property market, especially in key areas like Benidorm, Finestrat,
Moraira, Benissa, Altea, Calp, Alicante and their surroundings, has been cultivated. This wealth of knowledge, coupled with a comprehensive understanding of your property preferences, empowers us to meticulously curate and source the very best available properties
for you. Your specific requirements are at the forefront of our approach, ensuring that the properties presented align perfectly with your needs.

No, the buyer does not incur any agent’s fee; the responsibility for paying the real estate agent’s commission lies with the seller.

Upon identifying a property of interest, Costa Soñada Realty utilizes its expertise to
guide you through the negotiation process. Together, we delve into pricing strategies, drawing from our extensive knowledge of the Costa Blanca region. Acting as your representative, we conduct all negotiations, leveraging our years of experience to remain objective and emotionally detached. This approach provides us with an advantageous position at the negotiating table, often resulting in a more favorable purchase price for you.

It is recommended to set
aside approximately 10-12% of the purchase price to cover taxes and fees. It’s important to note that this amount may vary slightly based on factors such as the type of property and the specific region in Spain where it is located.

Costa Soñada Realty involvement extends well beyond finding a property and negotiating its price. Following the agreement on the purchase price and the engagement of a lawyer, we seamlessly manage the entire process. Serving as general coordinators, our responsibilities include instructing your lawyer, coordinating structural surveys, and aiding in the finalization of financial matters. This comprehensive support is designed to alleviate unnecessary stress and save you valuable time throughout the final stages of the property purchase.

Yes, Spanish law permits multiple owners on the title deeds to a property. We recommend discussing the implications of sharing title, especially concerning inheritance matters, with your real estate
lawyer before proceeding with the purchase.

As a Canadian citizen, the standard duration for staying in Spain is limited to 90 days. However, if you have a keen interest in extending your stay, investing in a property valued at 500,000 euros or more opens the opportunity to secure a Gold Visa in Spain. This exclusive visa not only grants you an extended stay but also allows you the flexibility to work in Spain for an indefinite period, contingent upon your continued ownership of the property.

Certainly, our company specializes in facilitating the acquisition of the Gold Visa. We possess significant expertise in guiding our clients through the process. This service is complimentary and underscores our commitment to ensuring a seamless and successful experience for our clients.

Costa Soñada Realty does provide assistance in arranging mortgages in Spain. Our dedicated team is experienced in navigating the intricacies of the Spanish mortgage market and can guide you through the process of securing financing for your property purchase.
Whether you are a first-time buyer or seeking to finance a specific property, we offer support in understanding the available mortgage options, connecting with reputable lenders, and facilitating the application process. Our goal is to streamline the mortgage process for our clients, ensuring a comprehensive and smooth experience throughout the property acquisition journey. Feel free to reach out to us for personalized assistance and guidance on obtaining a mortgage in Spain.