Decided to sell
your home in Spain? Getting rid of such valuable assets brings uncertainty,
cost, time, doubts, and of course emotions. A lot of efforts come down to the
buyer’s perspective and understanding the common pitfalls to speed up the
property selling process.
prices have increased by 4.68% during 2019, however, they were increasing at a slower rate than usual. . The COVID-19 outbreak
has largely impacted the real estate market in Spain, but now you see multiple
signs of recovery and a potential drop in house prices. So, make sure to do your homework in
advance and one of the best ways to streamline your selling process is to
consult a local estate agent.
When it comes to
selling a property, you can’t ignore the need for documentation indeed.
Mandatory documents may include:
· The title deed of the property
· Receipts for the local
municipal property tax
· Utility bill copies
· Community statues details
· A list of items/upholstery
included in the sale
· Residencia card if you own a
2 Bedroom Apartment in Calpe, Spain
The Process of Selling a Spanish
The best part is
a buyer and real estate agent will end up doing most of the tedious work. The
procedure goes through necessary due diligence evaluation, drafting deposit
contract for both parties, commitment to the deal, and specific date of the
The closing of
the deal comes down to a meeting where the buyer, legal representative, and the
estate agent will be present. The notary will further convey the Land Registry
of the sale and deliver them a copy of the sale deed.
Costs and Fees of Selling a Home
As a seller, you
can expect to pay:
· Estate agency commission
· Energy performance certificate
· Capital gains tax
· Plusvalía tax
If you’re not an
official resident of Spain, the buyer is entitled to forward 3% of the purchase
price to the tax authority on the sale completion. You need to pay any amount
owning within a month of the sale and request a refund wherever appropriate.
Speed Up the Sale of Your Spanish
It is worth
putting thought into the look and feel of your property when selling. Consider
· Remove personal items,
declutter, add mirrors and plants, and take away unnecessary objects
· Make sure you display the best
possible images and go for the right agents to promote your property
· Set realistic prices and
· Put together copies of all
requisite documents to reach potential buyers smoothly.
Want to find out
more about selling a home in Spain? Feel free to speak to our professional
staff to give your asset to the best advantage. Selling and managing your
transfer costs is no hassle with our expert agents.
If you wish to receive more information, do not hesitate to contact us.
Phone: +34 966 397 944