Guidance when purchasing in Tenerife

We are your partner for complete assistance and guidance when purchasing in Tenerife! You have undoubtedly heard or read horror stories from people who have been duped when buying property in Spain or Tenerife. Or that nobody can be trusted. Or that it is impossible to do if you do not know the Spanish language. All of this does not apply if you work with Seb Leeson & Co and entrust us with your Real Estate transaction!

What services do we offer? In our purchasing assistance in Tenerife, we always work with total solutions that focus on you. Your satisfaction is our priority. Our impartiality is limitless and infallible. Our most important assets:

  • Guidance in English

  • We represent you, not the broker, intermediary or the seller.

  • Independent checks

  • Full guidance from A to Z

  • Experience. More than 50 years of experience in our team, this is what counts!

What is the scope of our guidance when purchasing in Tenerife, before you become an owner? What solutions and methods do we use? It is very simple: you are going to buy through a construction promoter, broker or private individual. Everything looks good, but you would like (and this is a very good idea) to have a specialist lawyer or consultant check everything and be at your side to look after your interests, so that you do not have to face unpleasant surprises afterwards!

We will guide you step by step through your purchase process, regardless of what you buy, from whom you buy and how much you pay for it. Contact us before you sign anything! Our independent assistance and guidance when purchasing in Tenerife includes the following:

  • Applying for your NIE (if necessary)

  • Opening of a Spanish bank account (if necessary)

  • Checking whether there are any debts on the property

  • Checking the purchase and sales agreement

  • Coordination between the selling party, yourself and the public notary

  • Independent checks on the vendor’s property

  • Guidance at the notary for the signing of your deed of purchase

  • Translations of any and all documents you sign

  • Registration of your purchase at the Registry Office

  • Payment and declaration of purchase taxes

  • Conversion and direct debit of utilities

  • Drawing up, translating and supervising a will (if desired)

  • After-sales service (consulting)

After the notary

After the signing of the deed (your purchase) in Tenerife at the notary’s office, there are still a number of costs to be paid and a lot of formalities to be completed.

Due to the very complex bureaucracy in Tenerife, however, it is customary for a third party to take care of all further settlements, as these obligations are NOT carried out by the Notary’s Office. Seb Leeson & Co will take care of this for you so that you don’t have to do anything and can immediately enjoy your new acquisition! Our assistance and guidance is from A to Z, you don’t have to worry about anything! With us, you can be sure that everything is 100% personal and regulated by law, and that we handle everything in a smooth manner. The testimonials of our clients speak for themselves!

The formalities that we will carry out for you include the following and are fully included in our services:

  • Payment of the Notary’s invoice

  • Collecting your authenticated deed from the Notary

  • Payment of 6.5% tax on the purchase price to the government

  • Payment of the retained 3% tax for non-residents who sell real estate

  • Payment of the retained Plusvalía

  • Registration in the Registry of Properties

  • Payment of the registration fee

  • Transfer of water and signing of water supply contract

  • Direct debit of water bills

  • Transfer of electricity connection and signing of electricity supply contract

  • Direct debit of electricity bills

  • Registration at the municipality for the Basura tax (waste collection)

  • Direct Debit of Basura (waste collection)

  • Registration with the Land Registry (IBI)

  • Direct Debit of the Land Registry Tax (IBI to be paid annually)

  • Registration with the Community

  • Direct Debit of Community Costs

In conclusion

All these formalities can take up to 3 months to complete.

Our purchase assistance and guidance is really based on a personal service to make your purchase process as smooth and easy as possible. Whether you buy from a real estate agent or not, let our team assist you in order to avoid unpleasant surprises. We are 100% independent and work 100% for you!

The procedures for new developments are slightly different from those described above. The costs are also different as you’ll pay a little bit more.

Have an independent and English speaking Real Estate Consultant from Tenerife assist you with your purchase!   

Please contact us before purchasing a property (from a private individual or through a real estate agent) so that we can assist and guide you immediately and provide you with the necessary information regarding the procedures. We also offer management services and the drawing up of wills in Tenerife. And while we arrange everything for you, you will have time to enjoy some excursions in Tenerife!

Your satisfaction is our priority!

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