The 7 most Frequently Asked Questions when Selling a Property in Spain

Thinking of selling your property in Spain? If it's your first time, you're probably in a sea of doubts. In this post, we answer the most frequently asked questions from sellers who are in the same situation as you.

What taxes do I have to pay when selling a property in Spain?

• Personal Income Tax (PIT)

This tax is only payable if the seller makes a profit on the sale of his property. Therefore, sellers who have not made a profit will be exempt from paying this tax, but will still have to declare it.

• Municipal capital gains tax

This is the tax levied on the increase in value of land, i.e. the change in the value of the property over time. The amount to be paid can be calculated in two ways: one "real" and the other "objective". At ProCare Estates we can put you in touch with legal experts to help you choose the method that suits you best.

•  Property Tax

This is the tax on the ownership of the rights to any immovable property. Anyone who owns a property must pay it on the 1st of January of each year. The amount to be paid for the year of sale can be shared with the buyer, depending on the length of time each party has enjoyed the property.

Who pays the estate agents' fees?

It is the owners of the properties who pay the estate agents for the management, administration and all the services rendered. Commissions may vary from one estate agent to another. At ProCare, for example, we guarantee competitive and transparent commission rates, and if you don't sell we don't charge you.

How much is my house worth?

The price should never be fixed by eye, but needs to be assessed by a professional to determine the real market value of the property based on objective criteria. At ProCare we offer this valuation service completely free of charge.

How do I prepare my property for sale?

If you want the buyer to get a good impression, keep your home clean and tidy, air it and show it at the best time of the day to maximise its natural light. It is preferable that a real estate agent is the one who guides the visits, since his speech will be more prepared to the possible questions of the buyers.

How long does it take to sell a property?

On average it usually takes between 3 months to 2 years. Entrusting the sale of your property to an estate agent can speed up the process to a few months, whereas if you decide to sell on your own, this time could be longer.

How to choose the right Estate Agency?

When choosing the right real estate agency, we recommend that you look for references from neighbours, testimonials or reviews from former clients. Find out about the experience of their agents, the services they offer in the area where you are selling and, if you can, go to the office and meet them personally. It will give you more confidence.

If you do your research well, you will find that ProCare Estates is a good real estate agent to sell your property in Guardamar, Catral and the Vega Baja - Costa Blanca area.

• Extensive local experience
• Positive reviews on Google: 41 reviews with a value of 4.9 out of 5 stars.
• Large database of international clients
• Advanced marketing tools
• Office in the main street of Guardamar: Av. del País Valencià, 58, 03140 Guardamar del Segura, Alicante

Is it better to sell exclusively with a real estate agency?

When you sign an exclusivity contract with a real estate agency, your property becomes a priority among the extensive portfolio of properties, so more efforts are concentrated to sell it as soon as possible. Each owner is free to choose how they want to sell their property; no real estate agency can force you to sign an exclusive contract. Be wary of those who do so. With ProCare you are not obliged to sign an exclusive contract!

Sell your Costa Blanca property without headaches with ProCare Estates

Do you need help selling your Costa Blanca property? As you have seen, selling a property takes effort, dedication and time, which is not always available. The reality is that the services of professional estate agents such as ProCare can make thing easier for you.

If you want to sell your property in the shortest possible time, without headaches and getting the right price, we are here to help you:

+34 865 661 012 | +31 (0) 65050 3340 | contact@procareestates.com