Hello Thomas,
Vidini Estates, as a luxury real estate business, can provide buyers and sellers with end-to-end legal and financing support to ensure a smooth and secure property transaction. Here's how the process can work:
For Buyers:
1. Legal Support
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Property Due Diligence:
Vidini Estates partners with reputable lawyers to verify the property’s legal status, ensuring there are no encumbrances, debts, or ownership disputes.
- Includes land registry checks, building permits, and community fees (for apartments).
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Contract Preparation:
Assistance in drafting or reviewing contracts such as the reservation agreement, private purchase contract, and final deed of sale (Escritura).
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Foreign Buyer Assistance:
Support with obtaining a NIE (Número de Identidad de Extranjero), required for property purchases in Spain.
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Tax Advisory:
Guidance on Spanish property taxes, including VAT/IVA for new builds, stamp duty, and annual property taxes.
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Inheritance and Residency Advice:
Specialized advice for high-net-worth individuals (HNWIs) on inheritance laws and the Spanish Golden Visa program for non-EU buyers.
2. Financing Support
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Mortgage Assistance:
Collaboration with Spanish and international banks to help buyers secure competitive mortgage terms.
- Assistance with preparing documentation like proof of income, tax returns, and bank statements.
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Financial Planning:
Customized advice on foreign exchange services to optimize currency conversion for international clients.
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Cost Transparency:
Detailed breakdown of associated costs, including agency fees, notary costs, and taxes.
For Sellers:
1. Legal Support
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Title Verification:
Ensures the seller’s documentation is in order to avoid delays during the sales process.
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Contract Negotiation:
Expert legal support during the negotiation of sale terms to protect the seller’s interests.
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Tax and Capital Gains Advisory:
Guidance on capital gains tax implications and other selling costs (e.g., Plusvalía tax).
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Power of Attorney:
For sellers not based in Spain, Vidini Estates can facilitate the legal process via a power of attorney.
2. Financing Support
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Mortgage Cancellation:
If the property has an outstanding mortgage, Vidini Estates ensures its cancellation is handled before or during the sale.
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Foreign Exchange Guidance:
Assistance with repatriating funds for international sellers.
Added Value Services:
- Collaboration with multilingual legal experts specializing in Spanish property law.
- Transparent fee structure, with legal and financing support integrated into the buying or selling process.
- Support for notarization, registration of deeds, and post-sale formalities.
Vidini Estates emphasizes seamless, high-quality service tailored to the unique needs of its high-net-worth clientele, ensuring every transaction is completed efficiently and securely
Vidini Estates
Claudio Vidini
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