© Almeria Spanish Properties. All rights reserved. 2017
Almeria Spanish Properties

Welcome to our guide to selling your property

This guide is for general information about your role and responsibilities as the seller. The process is the same as described in our Buying Guide with the following differences. Marketing When you decide to market your property please be aware of the following points. It is illegal to advertise your property in any way, shape or form unless you have a current and valid Energy Certificate (CEE), the fines for non compliance for you and the Estate Agent are prohibitive. There are a few examptions to this. The property must be legal and you have the Escritura (deeds), and a current Nota Simple When you have chosen an Estate Agent to handle and market your property for sale they should make you aware of these points otherwise they are willingly flouting the law ( not a good start to your “professional relationship). Some agents may only take your property if you sign a sole agent contract. This is down to your discretion but, no other agent could then advertise your property, severely limiting the amount of potential buyers who could see your listing. Discuss with the agent how your property will be marketed, how much is his commission and what services he provides for that fee. Viewing arrangements, access to keys etc should be agreed, the price of the property and whether it is negotiable. Completion You have accepted an offer, the deposit has been paid and the pre contract has been signed by both parties (or their proxies) and you have a date for completion at the Notary. Your (and your agents) responsibilities at this point are, if you have a mortgage, arrange the cancellation and payment of such, and pay ALL outstanding bills. Electric, water, gas, community fees and any other debts against the property. All payment receipts are to be brought to the Notary. If you are the owner of the property on the 1st of January then you are responsible for the payment of that years IBI(rates) and basura. Again, payment receipts are required. Fees Notary; Fee for the Notary is described in our buying guide and is paid (normally) as 75% by the seller and 25% by the buyer, this process is known as “gastos segun ley” which translates as fees due according to law. However this is often negotiated between both parties and entered as a clause into the pre sale contract. Plus Valia This is a tax described as “ the increase in the value of Urban land since the date of ownership”. It is a local tax based on tne catastral value of your property. Capital Gains Tax This is applied as 21% for profit up to 6,000€, 24% for profit between 6,001€ and 24,000€ and 27% for profit over 24,001€. If you are a resident with the appropriate certificate of residence you should look into the following; 1. The possible total or partial exemption if you intend to re-invest in Spain 2. The possible claim of total exemption if you are over 65. In both cases there are certain conditions to be met to qualify. Consult a solicitor. If you are non resident the buyer, by law, will retain 3% of the purchase price to account for capital gains and will pay it into the tax office within 30 days. If your profit is less than 3% you can reclaim the difference. If your profit is more than 3% then then you have to pay the difference to the tax office within 2 months from completion.
Almeria Spanish Properties

Welcome to our guide to selling your property

This guide is for general information about your role and responsibilities as the seller. The process is the same as described in our Buying Guide with the following differences. Marketing When you decide to market your property please be aware of the following points. It is illegal to advertise your property in any way, shape or form unless you have a current and valid Energy Certificate (CEE), the fines for non compliance for you and the Estate Agent are prohibitive. There are a few examptions to this. The property must be legal and you have the Escritura (deeds), and a current Nota Simple When you have chosen an Estate Agent to handle and market your property for sale they should make you aware of these points otherwise they are willingly flouting the law ( not a good start to your “professional relationship). Some agents may only take your property if you sign a sole agent contract. This is down to your discretion but, no other agent could then advertise your property, severely limiting the amount of potential buyers who could see your listing. Discuss with the agent how your property will be marketed, how much is his commission and what services he provides for that fee. Viewing arrangements, access to keys etc should be agreed, the price of the property and whether it is negotiable. Completion You have accepted an offer, the deposit has been paid and the pre contract has been signed by both parties (or their proxies) and you have a date for completion at the Notary. Your (and your agents) responsibilities at this point are, if you have a mortgage, arrange the cancellation and payment of such, and pay ALL outstanding bills. Electric, water, gas, community fees and any other debts against the property. All payment receipts are to be brought to the Notary. If you are the owner of the property on the 1st of January then you are responsible for the payment of that years IBI(rates) and basura. Again, payment receipts are required. Fees Notary; Fee for the Notary is described in our buying guide and is paid (normally) as 75% by the seller and 25% by the buyer, this process is known as “gastos segun ley” which translates as fees due according to law. However this is often negotiated between both parties and entered as a clause into the pre sale contract. Plus Valia This is a tax described as “ the increase in the value of Urban land since the date of ownership”. It is a local tax based on tne catastral value of your property. Capital Gains Tax This is applied as 21% for profit up to 6,000€, 24% for profit between 6,001€ and 24,000€ and 27% for profit over 24,001€. If you are a resident with the appropriate certificate of residence you should look into the following; 1. The possible total or partial exemption if you intend to re-invest in Spain 2. The possible claim of total exemption if you are over 65. In both cases there are certain conditions to be met to qualify. Consult a solicitor. If you are non resident the buyer, by law, will retain 3% of the purchase price to account for capital gains and will pay it into the tax office within 30 days. If your profit is less than 3% you can reclaim the difference. If your profit is more than 3% then then you have to pay the difference to the tax office within 2 months from completion.