Selling your Spanish property

When it comes to property purchases and sales, there is a huge difference between Spain and or in other European countries. We will be happy to valuete your home and take care of the sales! 

We work with multiple local and international real estate agencies who may have the right buyer for your property! Even though you only sign a sales agreement with us, the property will be offered not only for our clients but hundreds of clients via our collaborators! Therefore the selling process will be as smooth and fast as possible!

Steps to start to sell your property with us:

1. 1. 1. Contact us 
      2. We will make you a free valuation of your property
      3. If price and conditions are agreed we will sign a sales agreement together
      4. A photo shooting by our professional photographer
      5. The property is advertised out website and other marketing channels
      6. You get your first offer, second offer...
      7. and your property is SOLD!

 

The costs of the sale

According to local custom, the major part of the property purchase costs is paid by the purchaser (Notary, Land register, etc...).

The vendor is liable to pay the commission of the agent, the tax of increased value of the land (Plusvalia) and the capital gains tax. The amount of the Plusvalia depends on the location of the property and the years of ownership.

The capital gains tax when the vendor is a non-Resident

If the vendor is a non-Resident in Spain the purchaser has the obligation of retaining 3% of the purchase price as a guarantee for the payment of the capital gains tax. The purchaser or his representative has to transfer this amount to the Spanish Tax Authorities. A request is then needed for a refund of this payment, using the payment slip as a reference. After approximately 6 months to a year, the surplus of the guaranteed money is refunded to the bank account of the vendor or his representative.

On the Spanish real estate market, there is a lot of misleading information saying that the 3 % deposit is entirely refunded. The amount is refunded with the above mentioned conditions and seldom entirely.

Capital gains tax if the vendor is a foreigner resident in Spain

If the vendor is a resident in Spain the capital gains tax is from 19% above (depending on the gains). He has to declare the property sale in his tax declaration and pay the taxes. If the vendor is thinking of buying a property that will be used as a permanent home, he is not taxed liable for the capital gains tax. If the vendor hasn't bought a new property for permanent living within two years, he is again liable for the capital gains tax.