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FAQ Sell

1) What costs do you have for a sale?
There are agent costs, plus valia tax (a local tax paid on the sale of real estate) and also a tax contribution of 3% if you are not a resident of Spain. The costs and taxes differ, so you are advised to use our free valuation and cost assessment service.

2) Do I need a lawyer?
Generally not, the exceptions are if there is a legal aspect of your property that needs to be corrected, you do not plan to be in Spain for the notary and want to give a power of attorney, or you simply feel more at ease with a lawyer.

3) What happens to my mortgage?
Prior to completion, a "certificado de deuda" or mortgage repayment statement is obtained from the bank to confirm the amount due. A representative of the bank attends the notary on the day of completion and collects a check for this amount. They also sign a deed of mortgage cancellation at the moment and this document is then sent to the Land Registry to cancel the mortgage there. This also means that notary and land registry fees are linked to the cancellation (approximately € 850).

4) What documents are needed to sell?
We need a copy of your proof of ownership (escritura) or a copy of the cadastral data (nota simple), as well as a recent I.B.I. (local property) tax invoice. We now also need an energy performance certificate for the building. If you do not have one, we can help you get one.

5) How are the energy bills converted?
The buyer's lawyer will do it normally. He will need the new escritura, so it is done after completion. Meter readings are usually not necessary, since final accounts are issued, taking into account the average consumption and the completion date of the new escritura.

6) Must be in Spain when signing at the Notary?
Normally, although you could give a proxy to someone else, usually a lawyer, to sign on your behalf.


Diseñado por CRM Inmovilla