Regardless of the circumstances that lead us to sell a property, it is important to remember that although selling can be an opportunity to earn money, we also have to assess what expenses are involved in the sale.
In Lasose Properties & Investments we explain what expenses need to be taken into account if you are considering selling a property.
Expenses derived from the sale documents
The sale of a property requires a series of documents that we will have to obtain and that have certain prices, among others:
- The energy certificate. This is a mandatory document, which we will need both to advertise the property and then to deliver a copy to the buyer. Depending on the type of property and the company hired, the price usually ranges between €80 and €150.
- The certificate of habitability, which is mandatory to sell a property in Catalonia, and also costs between 80 € and 150 €.
- The notary fees, since the seller is responsible for the costs of the public deed of sale.
In order to be able to sell a property it has to be free of charges. Which means if the property is still mortgaged we will have to pay the mortgage cancellation fees, the cost of which depends on whether we carry out the procedures ourselves, through an agency, through the buyer’s agency or the bank, with a price range that will be between 400 € and 1,100 € approximately.
Optional expenses
- We can request a Nota Simple in the Land Registry (with a cost of only about 9€) that will serve to verify that all the property data is correct.
- If we make a deposit or reservation contract, we will have to consider this expense, the cost of which will depend on whether we do it ourselves or through a professional.
- In the case of managing the sale through a real estate agency, we need to include the fees of the agency, which are between 3% and 7% of the purchase price, depending on the type of property and the agency itself.
Taxes
The taxes assumed in the sale of a property are:
- IRPF: which is paid in the case of having obtained a capital gain and will be taxed between 19% and 26% depending on the actual gain.
- Municipal capital gains tax: which is levied on the revaluation of the land while we have been the property owners, and depends on factors such as the number of years we have owned the property, the cadastral value and the percentage and tax established by the Town Hall.
