Selling Spanish Property
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Wednesday, 29 Oct 2008
Several questions tend to arise in the process of selling your Spanish home, including the following:
How much is my home worth? Is my asking price too high or too low?
To determine how much your home is worth, you can use any of the following information channels:
- Property appraisers. This type of firm will provide you with professional information on the technical value of your home and will charge you a valuation fee.
- Real estate agents (APIs). Real estate agents will suggest a price that will allow for the easy sale of your home. This may entail a commitment to process the sale through the agent in question, who will receive a negotiated commission in the event that he or she successfully brings the sale off.
- Own estimate. For an approximate price, determine whether any homes similar to your own have been sold recently in your building or neighbourhood and find out what the asking price was.
What costs are involved?
Unless otherwise agreed in the deposit agreement or the down payment made against payment of the full price, the costs payable by the seller are as follows:
- Notary fees (see Appendix III).
- Real Estate Capital Gains Tax. This information is available at the town hall with jurisdiction over the home.
- The real estate agent's commission.
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