Buying a home in Madrid can be an exciting process — but also a complex one if you’re not familiar with the procedures, costs, and steps involved.
From the initial search to signing at the notary, every stage is key to ensuring your purchase is safe and free of unpleasant surprises.
Step 1: Define Your Real Budget
Before you begin, calculate how much you can truly invest.
Consider not only the price of the property but also additional costs such as taxes, notary fees, registration, and potential renovations.
Tip: If you require financing, consult several banks to compare mortgage terms and conditions.
Step 2: Find the Right Property
Explore online property portals, but also consider exclusive options such as off-market properties, accessible through a Buyer’s Agent in Madrid.
These opportunities are not publicly advertised and often offer better conditions and value.
Step 3: Check the Legal and Technical Status
Request the nota simple from the Land Registry to verify that the property is free from debts or liens.
Also review community fees, property tax (IBI), and any pending assessments.
A technical inspection can help you avoid future issues with the building’s structure or installations.
Step 4: Negotiate the Property Price
Negotiating doesn’t always mean haggling — it means understanding the true market value and backing your offer with solid data.
Having an expert by your side can make a real difference when it comes to achieving better conditions.
Step 5: Sign the Deposit Agreement (Contrato de Arras)
The arras contract secures the transaction until the final signing at the notary.
Make sure it includes all the necessary clauses to protect your interests as the buyer.
Step 6: Public Deed and Notary Signing
Finally, the purchase is formalized before a notary and registered in the Land Registry.
Once completed, you officially become the property owner.
The Value of a Buyer’s Agent in Madrid
A Buyer’s Agent supports you through each of these stages — from the initial search to the final signing — representing only your interests.
This means greater security, time savings, and peace of mind throughout the entire process.
At Lora Galeva Buyer’s Agent, we assist both national and international buyers in making their real estate projects in Madrid, as well as other parts of Spain and Italy, a reality.
Learn more in our Buyer’s Agent Services section.
