Selling

Real Estate Agent & Lawyer

It is very important to choose a reputable estate agent to help you market and sell your property. He can also advise you on the market price of your property and guide you through the negotiations with the buyer. The terms and conditions offered by each estate agency may differ, so read the agreement carefully and check how much commission they are going to charge.

Complications that are outside the expertise of even the most competent estate agent may arise in any sale. It is, therefore, advisable to contract the services of a lawyer to represent you in the sales process. Your lawyer will take part in the negotiations with the buyer to fix the terms and conditions of the sale and will ensure that everything is legal and above board. More importantly he will prepare your Capital Gains Tax returns after the sale and negotiate with the buyer over who takes responsibility for the different payments involved.

Having all the necessary documents will help your sale to go smoothly. You should lodge the following documents with your lawyer and estate agent.

• Copy of the Title Deed (Escritura Pública).
• Copy of your latest Real Estate Tax receipt (Impuesto sobre Bienes Inmuebles, IBI).
• Copy of your Residents’ Association (Comunidad de Propietaios) Statutes. This contains the address and phone number of the Residents’ Association.
• Copies of all your utility bills.

 

Basically, you should calculate for paying two fees and one or possibly two taxes (detailed bellow). You will also have to cancel any debts, charges or liens which may be recorded against the title at the Property Registry.

Bufete Ana Mª Navarrete
C/Alfonso XIII, Edif. Terminal I, 2 nº5, 29640 Fuengirola, Malaga
Tel: +34 952 58 57 21 Fax: +34 952 19 71 47
Web.: www.advokatspanien.dk, E-mail.: info@navarrete.dk