Choman Real Estate
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Choman Real Estate, your Real Estate Agent on Grand Canary. We are characterized by our honesty, our experience and our professionality in the wide range of services we realize.
Whenever you contact our office, you will be provided with the complete and true information -in english, german or spanish- about each of the properties we offer. We are sure to offer what you are looking for in the property market, that is to say residential, business or investment or any other type of real estate transactions, such as project sales, etc. If you want to purchase a property, we are your best choice, take advantage of our influence all over Grand Canary.
A part from the properties we offer, we arrange the special "made-to-measure service". If you want a concrete property in a concrete area, will search for it and if it does not exist, we will arrange everything, looking for the right plot an we will build the property according to your wishes, controlling the whole process up to the delivery of the keys, or if you want a concrete property as investment or with any special characterstica, please do not hesitate to contact us, we will be pleased to inform you about the conditions of this service.

We are advised by laywers and consulters -experts in the purchase and sales processes including legal and tax aspects- and offer the following services::

- Advice and mediation on property purchase and sales
- Handling of the purchase process up to the deed of conveyance and the registration in the Land Registry.
- Tax representation of non residents.
- Mortgage loans with Spanish Banks.
- Contact with authorities.
- Applications for water, electricity and telephone supply.
- Application for Tax-Number NIE.
- Assistanc with making if wills.
- Handling of inheritance matters.
- Translations from and into English, Spanish and German.
- Property administration and rentals.

Property Purchase

It is important for you to know that we check the Land Registry documents and the legal circumstances of all properties in order to avoid surprises for you and ourselves. Also after the completion of the purchase operation, we can still be your contact for many matters, as long as you keep your property on the island. If you have to travel to the island from another country, we can organize your stay on the island, starting with your arrival at the airport.

The process of purchasing a property in Spain is similar to any other European country. There are however some differences. Although we would like to discuss every detail with you personally, we are sure that the following points weill help you to get a first orientation:

You take the decision to purchase a property, what to do then?
Once you have selected a property, you can reserve this property by a private contract of option to purchase realizing a down payment - normally a 10% of the purchase price. These contracts include all the purchase conditions: purchase price, latest date for completion of the option, transmission of the property free of charges, inventory list of the included furniture, etc. Both parties -buyer and seller- are equally obliged: If one of the parties would not fulfill the contract, this one has to pay a compensation to the other.

Transmission of the property:
The property is officially transmitted to the buyer by the signature of the Deed of Conveyance (Escritura Pública de Compraventa) in the presence of a notary and simultaneoulsy the buyer has to pay the total amount of the purchase price. The notary receives information about the property from the Land Registry Office and certifies this information in the deed. The Notary gives legal advice to both parties, informing about their rights and duties, especially about tax matters. The Deed of Conveyance has to be presented in the Land Registry Office for registration, this process takes between 1 and 3 months.

Fees and taxes eith relation to the purchase:
The most important points are: Purchase Tax, Notary´s and Land Registry Office´s fees, handling and translation fees. Generally you have to calculate about 8 to 10% of the purchase price. Anyway, we will give you a detailed estimate on each property you are interested in.

Yearly costs:
After having purchased the property, it is subject to taxes (Land Tax, Income Tax, Welath Tax). Compared with other countries, these taxes are generally low in Spain. If the property is part of a complex with community facilities (Comunidad de Propietarios), there will be a maintenance fee to be paid. We will inform you in each particular case about thi concrete fees and other matters, such as property insurances, etc.

Property Sale

Selling your property, you will as well receive our fully comprehensive service. We make use of the best resulting methods in property marketing experienced over the years, including the very important new technologies and this is obviously the best basis for success.

- World-wide advertising through Internet with our website in 3 languages and linked to other important webs within the Real Estate Market.
- Collaboration with associated international Agents.

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