Tag Archives: completion

The Completion!

The Completion!

The next morning, we woke up and opened the curtains of our room at the Hostal Meson in Arboleas. It was cool to see the Spanish flag flapping around in the breeze right outside our window!

Hostal Meson view

Espana!

The hotel room was fairly nice and the hotel looked like it had been recently renovated. One thing we had a laugh about was what we called the Dr. Who Shower.

Hostal Meson shower

Shower or TARDIS? You be the judge…

We went downstairs after packing up our suitcases and were going to ask the front desk to hold our luggage while we were out for the day. We had coffee and toast for breakfast. We were intrigued by what was shown on the menu to be an “English Breakfast” because it was eggs and a side of what looked like Van Camps Pork and Beans. I wish I would have taken a picture of the menu, but I didn’t think about it at the time. I must say it didn’t look too appetizing, but that is probably because when I think of pork and beans I think backyard barbeque, not breakfast! A lot of the restaurants around seem to cater to the taste of the British expats because there are quite a few who have invested in property here.

Andrea met up with us, and she drove us over to Mojacar to the bank. On the way she mentioned that Bob, the owner, was going to be at the completion. We thought that was interesting because in the states, when you close on a house you never even cross paths with the seller, but here he was going to be at the completion with us. I was excited to meet the guy!

We also mentioned the crazy drumming that we experienced last night at the house, and Andrea said, “Oh, that’s Richard’s son. They live right below you, and he just gave his son a drum set for Christmas.” Richard is the owner of the estate agency she works for, so this was very ironic on two counts. One, that he lives in the house directly in front of us, and two that his kid was the drummer. “Don’t worry, he’ll tire of the drums in no time.”

Yeah. Let’s hope!

We got to the bank and met up with Lucas. We had wired the money over, but had to get our debit cards and online access set up, as well as get the money ready for the closing fees. What was a little crazy was that the fees were in cash. We mentioned that it was a little odd for us to present all of that in cash… that back home, people would expect a check or they would think you were running drugs to have that much cash in an envelope. They told us that if it’s cash then no one worries about it. If it’s a check people can worry if it’s good or not. So I put the envelope of cash in my purse, and figured: “when in Spain…”

From there we drove over to Vera to the notary’s office. Now let me explain about the notary: In the US a notary is a person who verifies that certain documents are signed by the person present, etc… they are typically a layperson, and it isn’t as if they need a huge amount of specialized training. In Spain, a person studies law and then gets further training to become a notary. The notary is a big deal because he or she deals with legal documents much like a lawyer does. They don’t just put a seal on something.

We got to the notary office a bit early and when we got there we met up with Bob and his friend Tony. We had met Tony when we looked at the house on our house hunting day. I’m not sure why he was staying at the house when we visited in September, but he was the one who showed us the property. At that point, Bob had moved back to the UK. They told us that their initial plan was to renovate and sell houses, but the housing market in Spain hit a lull and they had to put that business venture aside for the time being.

To kill time we went down the street for a cup of coffee. It was funny because Bob mentioned something about how, knowing we were from Texas, he wondered if Curt would be wearing a big cowboy hat. I asked, “Now Bob, is that the real reason you decided to show up in the end? To see if he had on a ten gallon hat and cowboy boots?” and he said, “Yeah, pretty much.” We had a good laugh over that.

While having our coffee, we got a chance to chat about the house. He said he was told that it was about 300 years old and when I asked what it was like before he renovated it, Bob said, “Oh, I left you a photo album in top of the TV so you could see what was done to it.” I was floored. An album?? This guy was awesome. I could tell he was a stickler for details, which was great when you are talking about someone renovating a house.

Finally Lucas came over and told us that the notary was ready. We went into his office. The notary was a big guy in a nice suit. He had on a lot of cologne and was seated behind a big fancy desk. Bob, Curt, and I sat in the chairs in front of him and our lawyers stood behind us. The notary looked through all of the paperwork and read it out loud. Thank heavens we had already seen a translation of the documents because otherwise we would have had no idea what was going on. It was a lot of rambling on in Spanish, a lot of shuffling of papers, a lot of nodding. Then Lucas said, “Do you have the envelope?” “Envelope? What envelope?” “From the bank. The Envelope.” Ohhhh The Envelope: The giant envelope of cash that I was carrying around in my purse like I was a shady character in some Lifetime Movie Network Pick-a-Flick… THAT envelope. I opened up my purse and handed The Envelope to Lucas. Was it just me, or was this office lighting quite dim? I expected a director to yell, “Okay, people, that’s a wrap!”

And that was pretty much it. Shake hands, shake hands, Gracias, Gracias, shake hands, walk out, get keys from Bob.

Wow.

We just bought a house.

In Spain.

 

 

Planning for the Completion

Planning for the Completion

What we call “the Closing” here in the States is referred to as “the Completion” when purchasing a property in Spain. Buying property in Spain is not so complicated (as long as you manage to get your NIE in order… ahem) and you can plan on 10% of the purchase price as a good estimate for what will be needed to cover taxes, legal, and notary fees. Since we got word that the NIEs had been issued, we decided to go ahead and make plans for the Completion. The seller had already gone to the house to remove his personal items from the house and had given Power of Attorney to his Spanish lawyer so he would not have to make the trip from the UK to be there for the signing of the papers.

Everyone involved was able to agree to a completion date of January 23rd. This was getting exciting! The purchase of our house in Spain was only a month away!