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I want to sell, what documentation do I need?

I want to sell, what documentation do I need?

I want to sell, what documentation do I need?

To list the propety for sale:

• Title deed
• Latest rates receipt (IBI)
• Energy Performance Certificate (we can help with this)
• Certificate of occupancy or first occupancy licence, if the property is a new build

To finalise the sale:

• National Identity Document (DNI) or Foreigner's Identity Number (NIE)
• Updated property registry certificate (we apply for this)
• Latest 4 propety tax (IBI) receipts or a certificate from the Town Hall confirming that you are up to date with payments.
• Latest utility bills (water, electricity, etc.)
• Certificate of being up to date with community fees (if applicable)
• If there is a mortgage, a certificate of zero balance or outstanding debt

To list the property for sale:

• Title deed
• Latest rates receipt (IBI)
• Energy Performance Certificate (we can help with this)
• Certificate of occupancy or first occupancy licence, if the property is a new build

To finalise the sale:

• National Identity Document (DNI) or Foreigner's Identity Number (NIE)
• Updated property registry certificate (we apply for this)
• Latest 4 property tax (IBI) receipts or a certificate from the Town Hall confirming that you are up to date with payments.
• Latest utility bills (water, electricity, etc...)
• Certificate of being up to date with community fees (if applicable)
• If there is a mortgage, a certificate of zero balance or outstanding debt.

To list the propety for sale:

• Title deed
• Latest rates receipt (IBI)
• Energy Performance Certificate (we can help with this)
• Certificate of occupancy or first occupancy licence, if the property is a new build

To finalise the sale:

• National Identity Document (DNI) or Foreigner's Identity Number (NIE)
• Updated property registry certificate (we apply for this)
• Latest 4 propety tax (IBI) receipts or a certificate from the Town Hall confirming that you are up to date with payments.
• Latest utility bills (water, electricity, etc.)
• Certificate of being up to date with community fees (if applicable)
• If there is a mortgage, a certificate of zero balance or outstanding debt

Q

What is the Energy Efficiency Certificate "CEE"?

This document is mandatory for selling or renting a property. It indicates how much energy your home consumes and its energy efficiency rating, similar to the energy laber on appliances. This certificate is issued by an authorised technician after visiting the property and is valid for 5 or 10 years, depending on the rating.

Without this certificate, the sale cannot be finalised, nor can the property be legally advertised. If you don't have one, don't worry, we can help you obtain it.

This document is mandatory for selling or renting a property. It indicates how much energy your home consumes and its energy efficiency rating, similar to the energy label for household appliances (from A to G). This certificate is issued by an authorised technician after visiting the property and is valid for 5 or 10 years depending on the rating.

Without this certificate, the sale cannot be finalised, nor can the propety be legally advertised. If you don't have one, don't worry, we can help you obtein it.

This document is mandatory for selling or renting a property. It indicates how much energy your home consumes and its energy efficiency rating, similar to the energy laber on appliances. This certificate is issued by an authorised technician after visiting the property and is valid for 5 or 10 years, depending on the rating.

Without this certificate, the sale cannot be finalised, nor can the property be legally advertised. If you don't have one, don't worry, we can help you obtain it.

A

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Expenses when selling a property

• Municipal capital gains tax: This tax is levied by the local council and corresponds to the profit obtained from the increase in the value of the land on which the property is located. The amount varies depending on the municipality and the length of time you have owned the property.
• Energy Efficiency Certificate: Its cost depends on the size and characteristics of the property.
• Notary and registration fees: If you have an outstanding mortgage and it is paid off at the time of the sale, the notary and registration fees associated with the mortgage cancellation will be your responsability.
• Estate agency fees: These fees are usually a percentage of the property's sale price.
• Personal Income Tax (IRPF): If you make a profit from the sale of the property, you will have to pay tax on that profit when you present your next tax return, calculated on the increase in the property's value.

• Municipal capital gains tax: This tax is levied by the local council and corresponds to the profit obtained from the increase in the value of the land on which the property is located. The amount varies depending on the municipality and the length of time you have owned the property.
• Energy Efficiency Certificate: Its cost depends on the size and characteristics of the property.
• Notary and registration fees: If you have and outstanding  mortgage and it is paid off at the time of the sale, the notary and registration fees associated with the mortgage cancellation will be your responsability.
• Estate agency fees: These fees are usually a percentage of the property's sale price.
• Personal income tax (IRPF): If you make a profit from the sale of the property, you will have to pay tax on that profit when you present your next tax return, calculated on the increase in the property's value.

• Municipal capital gains tax: This tax is levied by the local council and corresponds to the profit obtained from the increase in the value of the land on which the property is located. The amount varies depending on the municipality and the length of time you have owned the property.
• Energy Efficiency Certificate: Its cost depends on the size and characteristics of the property.
• Notary and registration fees: If you have an outstanding mortgage and it is paid off at the time of the sale, the notary and registration fees associated with the mortgage cancellation will be your responsability.
• Estate agency fees: These fees are usually a percentage of the property's sale price.
• Personal Income Tax (IRPF): If you make a profit from the sale of the property, you will have to pay tax on that profit when you present your next tax return, calculated on the increase in the property's value.

A

Q

Why work with an estate agent/avisor?

Working with an estate agent or advisor offers several important advantages:

• Market knowledge: They have in-depth knowledge of the local market, helping you make informed decisions about prices, areas and trends.
• Network of contacts: They typically have an extensive network of contacts.
• Expert negotiation: They are experts at negotiating prices and terms.
• Time savings: They handle all the arrengements, viewings, procedures and paperwork.
• Legal and administrative advice: They are familiar with all the legal and administrative requirements involved in buying and selling, ensuring the entire process is legal and without surprises.

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Q

Non resident seller

Non resident seller

Non resident seller

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In addition to the expenses mentioned in the previous section, if you are a non-resident seller in Spain, you have other tax and legal obligations to fulfill when selling a property in the country:

• Retention tax: As a non-resident seller, you will be subjected to a 3% retention tax on the sale price. This amount will be deducted on the day of the transaction and paid to the Spanish Tax Agency (AEAT). The buyer must retain this amount and pay it to the tax officer (AEAT), although the ultimate responsability for payment rests with you as the seller.
• Capital Gains Tax: The capital gain generated from the sale of the property is taxed at a rate that varies depending on the amount of the gain. It is declared using form 210.

In addition to the expenses mentioned in the previous section, if you are a non-resident seller in Spain, you have other tax and legal obligations to fulfill when selling a property in the country:

• Retention tax: As a non-resident seller, you wil be subject to a 3% retention tax on the sale price. This amount will be deducted on the day of the transaction and paid to the Spanish Tax Agency (AEAT). The buyer must retain this amount and pay it to the tax officer (AEAT), although the ultimate responsibility for payment rests with you as the seller.
• Capital gains tax: The capital gain generated from the sale of the property is taxed at a rate that varies depending on the amount of the gain. It is declared using form 210.

In addition to the expenses mentioned in the previous section, if you are a non-resident seller in Spain, you have other tax and legal obligations to fulfill when selling a property in the country:

• Retention tax: As a non-resident seller, you will be subjected to a 3% retention tax on the sale price. This amount will be deducted on the day of the transaction and paid to the Spanish Tax Agency (AEAT). The buyer must retain this amount and pay it to the tax officer (AEAT), although the ultimate responsability for payment rests with you as the seller.
• Capital Gains Tax: The capital gain generated from the sale of the property is taxed at a rate that varies depending on the amount of the gain. It is declared using form 210.

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Do I need an occupancy certificate to sell my home?

According  to the Balearic Islands Housing Law, a certificate of occupancy is not a legal requirement for selling your property unless it is a new build. However, if you do not have this document, it is essential that this be explicity stated in the contract or deed of sale. In other autonomous communities, however, presenting a certificate of occupancy is mandatory to complete the sale of the property.