Another way of doing real estate

• Identification document of the owner or owners
  Property deeds
• Registration form: document that provides detailed information about the property as it is registered in the Property Registry or cadastre (https://www.sedecatastro.gob.es/)
• Habitability certificate, certifies compliance with the habitability standards of a property
• Energy efficiency certificate provides information on the energy consumption and efficiency of a building, as well as recommendations for improving its energy performance.
• If the residential building is more than forty-five years old: the building’s suitability certificate
• Latest IBI (property tax) invoice.
• Daily community expenses.
• Utility bills
• May help: Property plans

When selling a property, there are several expenses to consider:

• Energy Efficiency Certificate (CEE): This certificate assesses the energy efficiency of the property and is required for the sale. The price may vary, but it usually ranges between 100 and 300 euros, depending on the size of the property; the larger the surface area, the higher the price.
• Habitability Certificate: Certifies compliance with the housing’s habitability standards. The price varies depending on the location and can range from 150 to 500 euros. 

Many architects offer packages to manage both documents.

• Registar’s Note: A document from the Property Registry that confirms the property’s ownership status and any existing charges or encumbrances. Your real estate agent will provide it to you at no charge.
• Mortgage Cancellation: If there is an existing mortgage, certain expenses related to its cancellation may need to be covered. These expenses generally include administrative fees charged by the lending institution and possible penalties for early repayment. It’s a good idea to speak with a bank representative to determine the specific costs involved. Additionally, mortgage cancellation requires notarized documentation and registration, both of which incur additional costs. these costs may vary depending on the property’s value and the specific services required, it’s reasonable to budget around 1,000 euros for these procedures.  
• Real Estate Agent Fees: If you’ve hired a real estate agent to sell your property, their commission usually ranges between 3% and 5% of the sale price, plus taxes.

Taxes:

• Personal Income Tax (IRPF) – Capital Gains Tax If the seller has made a capital gain (i.e., sells for a higher price than they purchased), they must pay IRPF on this gain.
  If you are not a tax resident, please check the section on IRPF (Personal Income Tax)
• Municipal Capital Gains Tax (Plusvalía): A tax levied by the municipality on the increase in land value since the property’s acquisition. The rates vary depending on the location, the property’s value, and the holding period.
• IBI: (Property Tax): This is an annual tax paid by property owners based on the property’s value. It is due by the owner for the current year.

It’s essential to consult with a tax advisor or legal expert to understand the specific obligations and potential exemptions based on individual circumstances.

Selling your home independently, commonly known as “for sale by owner,” can be very daunting. Real estate agents are often very knowledgeable about your area and the real estate market. This includes information about price trends for properties similar to yours and the specific area your property is located in. They can knowledgeablely advise on a realistic selling price, come up with effective marketing strategies, conduct professional interactions with potential buyers, and skillfully negotiate the sale to secure the best possible price. They will also prepare all the necessary documentation for the signing of the deed, saving you time and money and making the entire process easier.