WE SELL YOUR PROPERTY

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When you sell your property in Spain, we will be there all the way to help you. The following is an overview of the process: 

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Free Valuation

We start with a free valuation. Several factors will be considered before deciding on the best-selling price for your property. They include:

- The supply and demand in the surrounding area

- The fair market value of the property based on the appraisal

- How many similar properties are on sale. If similar properties are selling high, yours might sell at the same rate

We show Your Home

Physical and virtual home inspections are the golden opportunity to showcase what your home has and how much space and rooms it provides. You may even want to do some painting and home staging to make it look more attractive and appealing to potential buyers. 

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Negotiate Offers

As your agent, we will negotiate offers to get the best price for your property. 

Prepare for Closing

Having followed all the steps above, it's time to prepare for the closing. Several steps have to be taken into account before the closure of the sale is complete, including:

- A physical inspection of the building will be done.

- A copy of the title deed is required to the Public Property Registry to verify that you are the real owner of the property and that no other claims exist on the property, a deposit agreement (Arras) is signed in which Buyer anticipates 10% of the purchase price, all property documents are transmitted to the Notary Public, Buyer negotiates if necessary a loan with the Bank.

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Municipal Tax Gains

The seller is responsible for the payment of the Municipal Tax Gains (Plusvalia) of the Net value which is 19%, or 24% for non EU-citzens. 

Other costs are fees to lawyer and real estate agent. 

Retention for Capital Gains

On property sales, when the vendor is a non-tax resident in Spain, there is a retention of 3% of the price agreed for the sale, which is not paid to the seller. The buyer has the obligation to «hold» the 3 % from the price and deposit it into the Spanish tax office, as a «payment in advance» of the Capital Gains to be paid from the seller. If the Spanish Tax Authorities do not challenge the values recorded in the statement or open an inspection, the withheld amounts (or those paid in excess) will be paid back in a period of approximately ten months as from the date of sale. 

The Closing 

The final step in a property purchase takes place with a Notary. The title deed is a formal document and both parties, both buyers and sellers, either together with their lawyers or only the lawyers with power of attorney, meet with a notary to sign the law of the property. In connection with this, the buyer pays the remaining sum of the price of the property to the seller and the seller hands over the keys to the property to the buyer. From this moment on, the buyer is the rightful owner. The title deed must be signed by three parties: the seller, the buyer, and the notary.