{"id":2815,"date":"2025-02-27T22:05:07","date_gmt":"2025-02-27T21:05:07","guid":{"rendered":"https:\/\/liveinandalusia.com\/sin-categoria\/selling-your-pre-owned-home-not-everything-goes-heres-what-you-have-to-comply-with\/"},"modified":"2025-02-27T22:05:07","modified_gmt":"2025-02-27T21:05:07","slug":"selling-your-pre-owned-home-not-everything-goes-heres-what-you-have-to-comply-with","status":"publish","type":"post","link":"https:\/\/liveinandalusia.com\/en\/sell-a-property\/selling-your-pre-owned-home-not-everything-goes-heres-what-you-have-to-comply-with\/","title":{"rendered":"Selling Your Pre-Owned Home? Not Everything Goes, Here&#8217;s What You Have To Comply With"},"content":{"rendered":"<p>Selling a second-hand house is not as easy as placing an ad on Idealista and sitting and waiting for buyers to arrive with their checkbooks ready. If you think this is like selling a sofa on Wallapop, you&#8217;re in over your head. <\/p>\n<p>There are paperwork, expenses, taxes and obligations that, if you skip them, can get you into trouble. And the worst thing is not only losing money, but an angry buyer may come back months later to ask you for explanations (or report you).<br \/>\nIf you want to sell well, fast and without headaches, here is EVERYTHING you need to know before, during and after the sale.<\/p>\n<p class=\"p3\"><span class=\"s1\">????<\/span><b> <\/b><span class=\"s1\">1\ufe0f\u20e3<\/span><b> Documents You Need to Have Ready (Yes or Yes)<\/b><\/p>\n<p class=\"p1\">It does you no good to find a buyer if you don&#8217;t have the paperwork in order. These are the papers you need before you can sell: <\/p>\n<p class=\"p1\"><span class=\"s2\">????<\/span> <b>Title deed<\/b> <span class=\"s3\">\u2192<\/span> If you don&#8217;t know where you have it, start looking for it now. Without this, no sale is possible. <\/p>\n<p class=\"p1\"><span class=\"s2\">????<\/span> <b>Nota simple del Registro de la Propiedad<\/b> <span class=\"s3\">\u2192<\/span> This document tells who owns the house and if there are any legal problems (mortgages, liens, surprise tenants&#8230;). It is ordered online at the Registry for about 9\u20ac. <\/p>\n<p class=\"p1\"><span class=\"s2\">????<\/span> <b>Last receipts of IBI<\/b> <span class=\"s3\">\u2192<\/span> This tax is paid by you until the day you sell. Have the last payments at hand. <\/p>\n<p class=\"p1\"><span class=\"s2\">????<\/span> <b>Energy efficiency certificate<\/b> <span class=\"s3\">\u2192<\/span> Without this, you cannot legally advertise the property. It costs between 60-150\u20ac and is done by a technician. <\/p>\n<p class=\"p1\"><span class=\"s2\">????<\/span> <b>Last utility bills<\/b> <span class=\"s3\">\u2192<\/span> Electricity, water, gas&#8230; Make sure there are no outstanding bills.<\/p>\n<p class=\"p1\"><span class=\"s2\">????<\/span> <b>Certificate of being up to date with the community<\/b> <span class=\"s3\">\u2192<\/span> If the house is in a building with a community of owners, you need this paper signed by the administrator.<\/p>\n<p class=\"p1\"><span class=\"s2\">????<\/span> <b>TIP:<\/b> Having all this prepared from the beginning will save you delays and problems with buyers.<\/p>\n<p class=\"p3\"><span class=\"s1\">????<\/span><b> <\/b><span class=\"s1\">2\ufe0f\u20e3<\/span><b> Expenses You Have to Pay (Because Not Everything is Profit)<\/b><\/p>\n<p class=\"p1\">Yes, you&#8217;re going to get paid a good amount for your house, but before you claim victory, consider these expenses:<\/p>\n<p class=\"p1\"><b>Municipal capital gains tax<\/b> <span class=\"s3\">\u2192<\/span> This is a tax that you pay to the municipality for the revaluation of the land. You do not get rid of it, unless you sell at a loss. <\/p>\n<p class=\"p1\"><span class=\"s4\">\u2714<\/span> <b>IRPF on capital gains<\/b> <span class=\"s3\">\u2192<\/span> If you sell the house for more than you bought it for, Hacienda takes a percentage (19-26%).<\/p>\n<p class=\"p1\"><b>Mortgage cancellation<\/b> <span class=\"s3\">\u2192<\/span> If you still owe money to the bank, you have to pay to cancel it. Between 300-1000\u20ac, depending on the bank. <\/p>\n<p class=\"p1\"><span class=\"s4\">\u2714<\/span> <b>Notary fees<\/b> <span class=\"s3\">\u2192<\/span> Normally, they are paid by the buyer, but if there is a mortgage, you may have to pay something.<\/p>\n<p class=\"p1\"><span class=\"s4\">\u2714<\/span> <b>Real estate agency fees<\/b> <span class=\"s3\">\u2192<\/span> If you decide to sell with an agency, the commission is usually 3-5%.<\/p>\n<p class=\"p1\"><span class=\"s2\">????<\/span> <b>FISCAL TRICK:<\/b> If the house is your habitual residence and you buy another one with the money, you can avoid paying taxes on the capital gain. Be careful with the terms and conditions. <\/p>\n<p class=\"p3\"><span class=\"s1\">????<\/span><b> <\/b><span class=\"s1\">3\ufe0f\u20e3<\/span><b> Selling with Honesty: No Covering Up Shoddy Work<\/b><\/p>\n<p class=\"p1\">If your house has problems, you&#8217;d better say so before you get caught, because the law protects the buyer.<\/p>\n<p class=\"p1\"><span class=\"s2\">????<\/span> <b>You CANNOT hide structural defects<\/b> such as cracks, dampness or leaks.<\/p>\n<p class=\"p1\"><span class=\"s2\">????<\/span> <b>You can NOT lie about the charges<\/b> (mortgages, debts with the community, embargoes&#8230;).<\/p>\n<p class=\"p1\"><span class=\"s2\">????<\/span> <b>You CANNOT make shoddy reforms to cover up problems<\/b> and then disengage.<\/p>\n<p class=\"p1\">If the buyer discovers something you hid, he can <b>ask for compensation<\/b> or even <b>cancel the sale<\/b>. And believe me, lawsuits for this are not cheap. <\/p>\n<p class=\"p1\"><span class=\"s2\">????<\/span> <b>Tip:<\/b> If there are problems, try to fix them before selling or inform the buyer. A house in good condition sells faster and at a better price. <\/p>\n<p class=\"p3\"><span class=\"s1\">????<\/span><b> <\/b><span class=\"s1\">4\ufe0f\u20e3<\/span><b> Deposit Agreement: The Insurance So That No One Backs Out<\/b><\/p>\n<p class=\"p1\">Before the final signing, a <b>deposit contract<\/b> is usually made. Basically, it is a reservation of the house with a deposit. <\/p>\n<p class=\"p1\"><span class=\"s2\">????<\/span> <b>If the buyer backs out<\/b>, he loses the down payment he gave you.<br \/>\n<span class=\"s2\">????<\/span> <b>If you back out<\/b>, you have to pay him back double.<\/p>\n<p class=\"p1\">The earnest money contract is key to avoid last minute surprises.<\/p>\n<p class=\"p3\"><span class=\"s1\">????<\/span><b> <\/b><span class=\"s1\">5\ufe0f\u20e3<\/span><b> The Day of the Sale: What Happens at the Notary&#8217;s Office<\/b><\/p>\n<p class=\"p1\">When the big day arrives and the buyer has the money, it&#8217;s time to sign at the notary&#8217;s office. This is what will happen: <\/p>\n<p class=\"p1\"><span class=\"s2\">????<\/span> The deed <b>of sale<\/b> is signed and you are paid.<br \/>\n<span class=\"s2\">????<\/span> <b>If there is a mortgage, it is cancelled in the same act.<\/b><br \/>\n<span class=\"s2\">????<\/span> The <b>keys and all the papers of the house<\/b> are delivered.<\/p>\n<p class=\"p1\"><span class=\"s2\">????<\/span> <b>IMPORTANT:<\/b> Do not accept cash payments. Always by <b>bank transfer or bank check<\/b> to avoid problems with the tax authorities.<\/p>\n<p class=\"p3\"><span class=\"s1\">????<\/span><b> <\/b><span class=\"s1\">6\ufe0f\u20e3<\/span><b> After the sale: Final formalities<\/b><\/p>\n<p class=\"p1\">Even if you already have the money in your pocket, there are still a few final steps:<\/p>\n<p class=\"p1\"><span class=\"s4\">\u2714<\/span> <b>Notify the change of ownership of supplies<\/b> (electricity, water, gas). If you don&#8217;t, you will continue to be billed.<\/p>\n<p class=\"p1\"><span class=\"s4\">\u2714<\/span> <b>Keep ALL paperwork<\/b> from the sale. You never know if you will need them.<\/p>\n<p class=\"p1\"><span class=\"s4\">\u2714<\/span> <b>Declaring the sale in the Renta.<\/b> If you have to pay IRPF, better do it right to avoid problems with Hacienda.<\/p>\n<p class=\"p3\"><span class=\"s1\">????<\/span><b> Conclusion: Selling Isn&#8217;t Just Putting Up the Sign, You Have to Do It Right<\/b><\/p>\n<p class=\"p1\">If you want to sell without complications and without ending up with a fine or a lawsuit, follow these steps:<\/p>\n<p class=\"p1\"><span class=\"s2\">????<\/span> <b>Have all the papers in order before putting the house on the market.<\/b><br \/>\n<span class=\"s2\">????<\/span> <b>Calculate taxes and expenses to avoid surprises.<\/b><br \/>\n<span class=\"s2\">????<\/span> <b>Be transparent with the buyers and do not hide problems.<\/b><br \/>\n<span class=\"s2\">????<\/span> <b>Sign the earnest money contract and do everything at the notary&#8217;s office.<\/b><\/p>\n<p class=\"p1\">If you do it right, you&#8217;ll sell faster, with no hassle and more money in your pocket.<\/p>\n<p class=\"p1\"><span class=\"s2\">????<\/span> <b>Want to know how much your home is worth before you sell it?<\/b> <span class=\"s2\">????<\/span> <a href=\"https:\/\/www.iadespana.es\/agent...\/ignacio.jacquot\/valoracion\"><span class=\"s5\">Make your free appraisal here<\/span><\/a><\/p>\n<p class=\"p1\"><span class=\"s2\">????<\/span> <b>Would you prefer me to explain over coffee or WhatsApp?<\/b> Call me and we&#8217;ll talk it over. <span class=\"s2\">????????<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Selling a second-hand house is not as easy as placing an ad on Idealista and sitting and waiting for buyers to arrive with their checkbooks ready. If you think this is like selling a sofa on Wallapop, you&#8217;re in over your head. There are paperwork, expenses, taxes and obligations that, if you skip them, can [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2730,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[132,1],"tags":[101,123],"class_list":["post-2815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sell-a-property","category-sin-categoria","tag-real-estate-agent-in-sevilla","tag-real-estate-in-sevilla"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Selling Your Pre-Owned Home? 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