Sell Your Property
We offer our sales services to private sellers, as well as banks and institutions, advertising in all the main Spanish and European portals. We are also members of the SPI Property Group with over 50 collaboration agencies both here, in the UK and in other European and Scandinavian countries.
Our standard conditions are;
1. Our fees are 4% +IVA with a 4.000€ minimum charge, please note this can vary depending on the property
2. We DO NOT ask for exclusivity.
3. Nothing to pay up front, you only pay us when we sell your property.
4. We pay the deposit to the seller, we do not “hold on to it” as many local agencies do.
5. We do a professional photo session on your property.
6. We shoot a promotional video of your property.
7. We organise the legal and fiscal aspects of the sale for you explaining in depth the whole process.
To be able to market and sell your property we require copies of various documents;
To be able to market your property
1. A copy of your deeds.
2. Your ID (DNI, passport, NIE)
3. A copy of your IBI Rates Bill (this gives us the fiscal value of the property)
4. The Energy Efficiency Certificate, if you don´t have one we can organise.
5. A signed form authorising us to market your property
To be able to actually sell your property we require;
1. The original deeds
2. Electricity and water bills
3. If your property is in an urbanisation, we will need a certificate from the community showing you are up to date on payments.
What costs are involved when selling a house in Spain?
We feel it is very important for purchaser to fully understand the whole process of selling a property in Spain and its implications, so we have prepared this guide to explain the whole process, the costs, legal implications and to explain some of the terminology used.
When selling your property in Spain, many sellers are not fully aware of what they are going to have to pay in terms of costs before getting the real net figure they want in their hand, there is no “magic” percentage as each case is different.
Make sure you take into account the following costs when selling:
Plus Valia - every seller must pay a local council tax based on the incremental value of the land which the property occupies over the amount of years have owned.
Community Fees: Make sure your Community Fees are up to date - you will have to present a CERTIFICADO DE COMUNIDAD (a certificate from the community to show the property is up to date) to the notary on signing the Escritura.
IBI (Rates) and Utilities- Ensure your local tax council rates are up to date. You will have to provide the proof of payment at the signing. The same applies to your utility bills.
Mortgage Cancellation Fees - Your bank will probably charge anywhere from a 0.5% to a 1% cancellation charge on the balance of your outstanding mortgage
Mortgage Notary Cancellation & Registration Fees - In addition to point 4), as a seller you will have to ensure your mortgage is cancelled at the Notary and Registry. This may cost anywhere form 600 Euros to 1000 Euros and is an amount that will probably be retained by the seller to ensure this is done.
Non-Resident Retention Tax at 3% - If you are non-resident in Spain, the buyer of your property will also have to retain 3% of the Sales Price to pay directly to the Spanish tax man (hacienda) on your behalf. If you are selling at a loss you still have to pay out the 3% retention tax, but you can reclaim it back providing you have all the correct documentation and receipts to prove you have made a loss and paid your annual taxes. Residents do not have this retention made on them.
Capital Gains Tax - Residents have to pay Capital Gains Tax Liability (18% on profit), but that will depend on your profit and your tax position.
Agents Commission - If you have used an Agent to sell your property, then you will also have to account for the Agents fees which can range from a 3% to 5% depending on the agent, and the agreement you have made with them.
Solicitors Fees, these can vary depending on your solicitor
Once you know what all of these costs may be, you can then work backwards to calculate what price you need to sell at in order to walk away with the amount you have in mind in your hand.
The Indalocasas Sales Team