Selling Property
To sell your property you will need diligent professionals who have the knowledge, enthusiasm and resources to find you a buyer. Through our ongoing international advertising and marketing on the internet, in Spanish lifestyle publications and from our collaboration with other agents, we have developed a large portfolio of clients from France, Spain and Italy, Belgium, Holland and Denmark and from the UK and Germany, who are looking to relocate, retire, buy holiday homes or to acquire a business in this increasing popular area.
If you are thinking about selling your property contact us to find out what we do to market your property to our existing portfolio of clients and to new clients too.
Legal Checklist
Understandably there’s much more to selling your property than us recommending an asking pricing and marketing it to buyers. We guide you every step of the way, from:
- Advising on how best to present your home for viewings.
- Organising professional photographs.
- Providing associated sales costs.
- Obtaining an energy certificate.
- Negotiating the property sale.
- Liaising with your solicitors.
- Post sales tax guidance.
If you are planning to sell or if you are thinking about selling, rest assured we will ensure a smooth process at every stage. We will ensure your property gets in front of the right potential buyers, whether it’s through our local and international marketing efforts or via our database of prospective clients.
Find out how much your property is worth and contact us today for a market appraisal or search for properties we currently have for sale.
Selling Costs
It is essential for a seller to ensure that all local taxes and rates and utility bills are up to date and settled up to the time of signing the deed of sale (escritura). The Estate Agent and / or lawyer representing the buyer will require proof of this. The seller is also required to pay Plusvalia Tax based on the increase of the value of the land from the date the property was acquired to the time of sale. The tax is calculated according to the ratable value of the property and the number of years it has been owned by the seller. The Plusvalia figure can be obtained from the local Town hall Office. Notary Fees are normally shared equally by the buyer and seller.
Capital Gains Tax (CGT) – This is approximately 20% of any gain made between the purchase price and the sale price. For non residents it is usual for a 3% withholding tax to be deducted from the sale proceeds at the time of signing the deed of sale (escritura). Within six months of the sale a non resident has a legal obligation to complete and submit a non resident tax return reflecting the sale details and any other relevant items regarding tax allowances, based on personal circumstances, that may affect the final CGT due or CGT refund.
For those planning on selling a property, they will need to make sure they have obtained an EPC before it is advertised. The EPC or Certificado de Eficiencia Energetica (CEE) in Spanish is an energy certificate relating to your property and produced by a Certified Architect.
Please note that this information is meant as a guide only, local laws and figures can change from time to time. In all circumstances we recommend that you take professional local advice regarding your personal situation.
