Step-by-Step Guide to Buying Property in Cala de Mijas

Cala de Mijas, with its stunning coastline, village atmosphere, and all the amenities you need without venturing too far out of town, has become a popular choice for property buyers looking to invest in the Costa del Sol. Whether you're searching for a holiday home, a rental investment, or a permanent residence, buying property in Cala de Mijas can be a rewarding experience. However, navigating the Spanish property market can be challenging if you're unfamiliar with the process. Here's a step-by-step guide to help you confidently purchase your dream property in Cala de Mijas.

Step 1: Define Your Budget and Requirements

Before you start searching, it's essential to define your budget and what you're looking for in a property. Consider factors such as:

• Property Type: Are you interested in an apartment, villa, townhouse, or plot of land?
• Location: Do you prefer a beachfront property, a quiet area, or something closer to local amenities?
• Purpose: Is this a holiday home, investment property, or your main residence?
• Features: Number of bedrooms, private pool, garden, sea views, etc.

Having clear criteria will streamline your search and help your estate agent in Cala de Mijas find the perfect property for you.

Step 2: Choose a Reputable Local Estate Agent

Working with a knowledgeable local estate agent is crucial when buying property in Cala de Mijas. A local agent understands the market, has access to the best listings, and can provide valuable insights into the area. They will guide you through the entire process, from property viewings to negotiations.

At Mediterranean Homes, our team of experienced estate agents in Cala de Mijas is dedicated to helping you find the right property and making the buying process as smooth as possible.

Step 3: Start Viewing Properties

Once you've outlined your requirements and chosen an estate agent, it's time to start viewing properties. Your agent will arrange viewings of properties that match your criteria and guide you through the pros and cons of each option. Take your time to explore different areas and property types to ensure you make an informed decision.

Step 4: Make an Offer

When you've found the perfect property, the next step is to make an offer. Your estate agent will help you negotiate the best price and terms. In Spain, it's common to make an offer slightly below the asking price, leaving room for negotiation. Be prepared to provide a holding deposit (typically 1% of the purchase price) to show your commitment once your offer is accepted.

Step 5: Hire a Lawyer and Conduct Due Diligence

Hiring an independent lawyer is crucial in the buying process. They will carry out due diligence on the property, checking for any legal issues, outstanding debts, or building regulations that might affect the purchase. They will also draft and review the reservation contract, ensuring everything is in order before proceeding.

Step 6: Sign the Purchase Agreement

Once due diligence is completed, you will sign a private purchase contract with the seller. This contract outlines the terms and conditions of the sale, including the purchase price, deposit amount, and completion date. At this stage, you will typically pay a deposit of 10% of the property's purchase price.

Step 7: Secure Financing (If Required)

If you need a mortgage, it's important to secure financing early in the process. Spanish banks offer mortgages to foreign buyers, but it's advisable to have pre-approval in place before making an offer. Your lawyer and estate agent can assist with the paperwork and liaise with the bank on your behalf.

Step 8: Complete the Purchase at the Notary

The final step is completing the purchase at the notary's office, where both parties sign the deed of sale (Escritura de Compraventa). At this stage, the remaining balance of the purchase price is paid, along with any taxes and fees. The property will then be officially transferred to your name.

Step 9: Register the Property

After signing the deed, your lawyer will register the property in your name at the Land Registry. This process usually takes a few weeks and ensures you are the legal owner of the property.

Step 10: Settle Additional Costs and Taxes

In addition to the purchase price, you must account for additional costs, including:

• Property Transfer Tax (typically 7-10% of the purchase price)
• Notary and Registry Fees (around 1-2%)
• Legal Fees (around 1%)
• Mortgage Fees (if applicable)

Your estate agent and lawyer will provide a detailed breakdown of these costs so you can budget accordingly.

Conclusion: Enjoy Your New Property in Cala de Mijas!

Buying property in Cala de Mijas can be an exciting journey, and with the right guidance, it can be a smooth and rewarding experience. At Mediterranean Homes, our team of local estate agents is here to support you every step of the way, from finding the perfect property to handing over the keys. Contact us today to start your property search and make your dream of owning a home in Cala de Mijas a reality.