Hello everyone, I’ve been a lurker on this forum for a long time, enjoying all your daily life shares. Today, I’m posting on behalf of a friend. He is moving back to his home country for family reasons and has to sell a villa he has lived in for several years. It’s located in a quiet and convenient satellite town near Valencia.
I’m quite familiar with the property and the process of buying a house in Spain. It’s a two-story Chalet independiente (detached villa) on a plot of about 500 square meters, with a built area of around 200 square meters. The ground floor has a living room, a kitchen, and a guest toilet. Upstairs, there are three bedrooms and two bathrooms, with the master bedroom being an en-suite. The house was renovated a few years ago and is fully equipped with appliances, making it move-in ready. The best part is the private pool and a small garden in the yard, perfect for hosting parties or just relaxing in the summer. The garage can accommodate two cars. The neighborhood is very quiet and friendly, with most neighbors being local Spaniards. It’s about a 25-minute drive to Valencia city center, and schools, supermarkets, and medical centers are all conveniently located nearby.
Regarding the price, because my friend is in a hurry to sell, the offer is very attractive: €320,000. This is an excellent price for the area, especially since it’s a private sale between individuals (particulares), saving you agency fees. He hopes to find the right person who will continue to cherish this home. The original asking price was around €350,000, but he is now keen on a quick sale.
Some Tips on Buying a Resale Property in Spain
I’d like to take this opportunity to share some basic procedures and costs involved in buying a secondhand home in Spain, as a reference for those who might need it. These are lessons learned from our own home-buying experience.
Main Taxes and Expenses
The biggest expense when buying a resale property is the Property Transfer Tax (ITP), which is paid to the regional government. You can refer to the table below for a general breakdown of costs:
| Cost Item | Approximate Rate or Amount |
|---|
| Property Transfer Tax (ITP) | Varies by region; typically 10% in the Valencian Community |
| Notary Fees | Based on property value, approx. €600-€1,200 |
| Property Registry Fees | Based on property value, approx. €400-€800 |
| Lawyer or Gestoría Fees | Optional, but highly recommended, approx. €500-€1,500 |
Whether you’re buying a standard house, a small castle estate, or even a Finca Rústica, it’s wise to budget an additional 12%-15% of the purchase price to cover all taxes and administrative fees. This will ensure you have a safe buffer. I hope this information is helpful. If you’re interested in this villa or have any questions about the buying process, feel free to send me a private message. I will give you my friend’s contact details so you can communicate directly.
