We offer our sales services to private sellers, advertising in all the main Spanish and European portals. We are also members of the Mediterranean Living Property Group with over 50 collaboration agencies both here, in the UK and in other European and Scandinavian countries.
Our fees are 4% +IVA with a €4.000 minimum charge
We DO NOT ask for exclusivity
Nothing to pay up front
You only pay us when we sell your property
We pay the deposit to the seller
We do not “hold on to the deposit” as many local agencies do
Professional photos and videos of your property included
We shoot professional photos and a promotional video of your property including a drone flight with aerial photos and videos
We organize the legal and fiscal aspects of the sale for you explaining in depth the whole process
To be able to actually sell your property we require;
If you wish to sell your property, please contact us and we will make all the arrangements.
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.
What costs are involved when selling a house in Spain?
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, pleased be careful, there is no “magic” percentage as each case is different, so do not rely on people saying a general percentage, it is virtually always wrong!
These are the 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. The buyer’s solicitor normally retains this and pays it on your behalf.
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.
Residents 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.
IBI y Basura (Rates and rubbish collection) – Your local council taxes need to be up to date. You will have to provide the proof of payment at the signing. This is something your solicitor can organise for you.
If your property is on a community your community fees need to be 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. This is something your solicitor can organise for you.
The notary will require your latest paid bills.
Obviously, your paperwork must be correct and up to date, if your property is on urban land in a town then it is pretty much certain that all will be fine although, especially if it is an older property, it may need bringing up to date, or not. We can advise you on what is needed and the costs, if any when we study your existing paperwork.
Villas and country property are more likely to be out of sync with the current legislation. PLEASE TAKE NOTE: THIS DOES NOT MAKE THE ILLIGAL. Usually, it is to do with the catastral where the boundaries and surface area of the cadastral do not coincide with the reality, the catastral records are notoriously inaccurate. Most country properties will need an AFO. It is very rare that the “problem” cannot be solved easily but obviously there are costs involved which need to be taken into consideration. Either way having a topographer measure and issue a report on the boundaries is always a good idea and a very good document to show a prospective purchaser and the cost is quite reasonable. Again we can advise you on what is needed and the costs when we study your existing paperwork.
Mortgage Cancellation Fees – If you have a mortgage your bank could charge anywhere from a 0.5% to a 1% cancellation charge on the balance of your outstanding mortgage
Mortgage Cancellation Notary & Registration Fees – As a seller you will have to ensure your mortgage is cancelled at the Notary and Registry. We normally do this at the same time of as the signing of the sales deeds. This may cost anywhere form 600 Euros to 1000 Euros and is an amount that is normally retained by the buyer to ensure this is done.
Agency Fees – Don´t forget to take into consideration our fees, which we would have previously agreed with you, do not forget that you have to add the 21% IVA (VAT).
Solicitors Fees, these can vary depending on your solicitor and again do not forget that you have to add the IVA (VAT).
If you do not have contact with any lawyers, here are a few local lawyers we have found to be very good.
Gecko Services, headed by Mr. Lucas Mayo offer their services on the purchase and a series of on-going financial, tax and general legal services aimed at the expatriates. Mr Mayo is half English; half Spanish so he can sail through both worlds with great ease. He is also a local councillor.
Paseo del Mediterráneo 46
04638, Mojácar, Almeria
+34 950 475949
Alonso & Garrido Abogados
Alonso & Garrido Abogados, headed by Mr. Francisco Alonso, extremely professional, an ex-judge who is a renowned lawyer at a national level being one of the top legal people in property law and its application. Mr. Alonso speaks good English and one of his assistants is fluent in French.
Plaza San Francisco, 1
04800, Albox, Almeria
+34 950 121040
M. Mercedes Flores Mirón Abogados, C/
M. Mercedes Flores Mirón Abogados Headed by Mercedes Flores, offer their services on the purchase and a series of on-going financial, tax and general legal services aimed at the expatriates. They speak English and they are very professional.
Duque de ahumada, 3 Bajo
04800, Albox, Almería
+34 950 120553
Mario Redondo Abogado
Mario Redondo Abogado offers his services on the purchase and a series of on-going financial, tax and general legal services aimed at the expatriates. He speaks English, and very professional.
Calle Andalucia 25
04880, Albox, Almeria
+34 950 430222
Saugar Abogados headed by Alfredo Saugar Saugar, offer their services on the purchase and a series of on-going financial, tax and general legal services aimed at the expatriates. They speak good English, German and Dutch and again they are very professional.
Mojácar 100, 04638 Mojacar, Almeria
+34 950 615038
Lex Consulting Abogados & Economistas
Lex Consulting Abogados & Economistas, headed by Linda de Rijck, offer their services on the purchase and a series of on-going financial, tax and general legal services aimed at the expatriates. She speaks good Dutch, French, German and English and they are very professional.
Calle Mojigato nº 1
04620, Vera, Almeria
+34 950 390995
Costs will normally be between €1,200 and €1,500, however we recommend that you confirm this in writing with the lawyer as individual cases can vary
You give power of attorney to your lawyer for him to be able to represent you in the sale of your property. This enables him to be able to obtain your NIE, open a bank account in your name for the transfer of funds to sell the property (Spanish law requires all payments to be done from the purchasers account and having one in Spain reduces the Money Laundering Law regulations making the whole process less complicated) and finally sign the deeds for if you are not here and translate them for you if you are. This power of attorney can be done whilst here in Spain or indeed at a notary in your own country in which case it must be officially translated to Spanish and have The Hague Stamp to say so.