Selling property in Spain - FAQ
A valuable resource for property sellers in Spain, addressing common concerns and questions that arise during the selling process. You will find helpful information on topics such as the necessary documentation for selling a property, understanding the fees associated with real estate transactions, and the legal obligations of sellers.
Selling Property in Spain: Frequently Asked Questions
Q: What documents do I need to sell my property in Spain?
A: To sell your property, you’ll need:
- Original Title Deed (Escritura)
- Latest IBI and community fee receipts
- NIE number
- Energy Performance Certificate
- Nota Simple (property registry extract)
Q: How long does it typically take to sell a property in Spain?
A: The average selling time is 3-9 months, depending on factors like location, property condition, and pricing. In popular areas of Costa Blanca, such as Torrevieja or Orihuela Costa, properties might sell faster due to high demand.
Q: What fees are involved in selling a property in Spain?
A: Sellers typically pay:
- Estate agent fees (usually 3-5% + VAT)
- Plusvalía tax (local capital gains tax)
- Capital Gains Tax (if applicable)
- Mortgage cancellation fees (if applicable)
Q: Do I need to pay capital gains tax when selling my property?
A: Yes, non-residents pay 19% (EU residents) or 24% (non-EU residents) on the profit made. Residents may have different rates based on their overall income.
Q: How can I determine the right selling price for my property?
A: Consider recent sales of similar properties in your area, current market conditions, and your property’s unique features. In Costa Blanca, factors like sea views, proximity to amenities, and overall condition significantly impact pricing.
If you are unsure and need help, contact us for a free property evaluation or read more here.
Q: What's the role of a real estate agent in selling my property?
A: A good agent will:
- Market your property effectively
- Handle inquiries and arrange viewings
- Negotiate with potential buyers
- Guide you through the legal process
- Coordinate with lawyers and notaries
Q: How can I prepare my property for sale?
A: To maximize appeal:
- Declutter and deep clean
- Make minor repairs
- Consider neutral decor
- Enhance curb appeal
- Ensure good lighting
In Costa Blanca, highlighting outdoor living spaces and any sea views can be particularly effective.
Q: What's the process once I accept an offer?
A: The typical process involves:
- Signing a reservation contract
- Buyer’s lawyer conducting due diligence
- Signing the private purchase contract
- Completing the sale at the notary
Q: Can I sell my property if I have a mortgage?
A: Yes, but you’ll need to settle the mortgage from the sale proceeds. Inform your bank early in the process to facilitate a smooth transaction.
Q: Do I need to be present in Spain for the entire selling process?
A: While being present can be helpful, it’s not mandatory. You can grant power of attorney to your lawyer or agent to handle the process on your behalf.
Q: Can I sell my property furnished?
A: Yes.
Q: Do I have to hang a “For Sale” board?
A: No, it’s not required. However, studies indicate that properties with signage receive about 23% more viewing requests.
Ready to sell your home?
Contact Sunny Casas for a free valuation and professional guidance. Leveraging our extensive experience and local expertise, we aim to make your property-selling process as smooth and efficient as possible.
Get a free valuation or more info—no obligations.
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Customer Feedback
Purchasing a Costa Blanca villa was straightforward thanks to SunnyCasas. They ensured all documents were translated into Polish, which made everything so much easier for me.
Marek Kowalski
SunnyCasas was excellent in helping us buy a retirement property in Benissa. They handled everything from the initial offer to finalizing the notary appointment. We felt supported at every turn.
Isabella Ricci
We wanted a property near the beach in Villajoyosa, and SunnyCasas delivered exactly what we were looking for. They also helped us navigate the Spanish property tax system.
Sophia and Mark Lee
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