Advice for Sellers

Preparing your property for sale

Ensure your property inside and out is clean and tidy
Ensure any minor repairs have been carried out prior to putting your property on the market
If redecorating try and use light and neutral colours, this will make rooms appear larger
Remove and put in to storage any unnecessary “clutter”
Keep kitchen surfaces clear and make sure your oven is spotless!
If you have a dog ensure it is kept under control and preferably out of sight. Many people will not share your confidence with dogs
Point out only important features or improvements around the house eg: “the kitchen is brand new”. Do not make the mistake of boring viewers with in depth explanations about your pool’s heating system etc unless they specifically ask
If you using an agent leave the selling to the agent
Make sure your property is fully compliant with the new law Decree 218. Ensure you have copies of your Nota Simple, Title Deed, latest IBI receipt, details of your community fees and proof you have paid them
Prospective buyers will appreciate if you provide them with an estimate of your annual running costs

Taxes and Expenses

For a detailed guide to selling taxes and expenses please consult the Selling section of “Advice for Buyers”
Capital Gains Tax if you have made a profit after expenses (technically this is an income tax). Currently 18%
Plus Valia – Municipal Tax on increase in land value (very complicated to work out, and depends on lots of factors)
Notary Fees
Legal Fees
Agency Fees

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Posted on April 29th, 2009 filed under Costa del Sol Info.

Costa del Sol Property Blog