Selling a property in Spain
Much of the process of selling a property in Spain will no doubt feel familiar to you. But there are certain aspects that are different when you intend to sell a property in Spain. Here are the most important things to consider.
Choose the right estate agent.
The team at Bjurfors consists of experienced and established estate agents who know their respective areas well and can devise a well-considered marketing plan for your property. You need to decide whether to provide the estate agent with an exclusive or non-exclusive assignment. The latter means that several estate agents can work with the same property. If you choose to provide Bjurfors with an exclusive assignment for the sale of your property, you avoid the need to have several different contact persons. At the same time, you can rest assured that we have the expertise and resources required to reach a very large pool of interested potential buyers. We have many business partners and are therefore able to cover the entire local property market. As the seller you are obligated to provide the buyer with an energy declaration. We can put you in touch with a technical inspector who can prepare the energy declaration for you.
Hire a legal representative.
Almost everyone who sells a property in Spain has a legal representative. We have well established partnerships with legal specialists and can recommend a suitable representative for your needs.
Sign the contract of sale and receive the deposit.
When you and the buyer have reached agreement, you sign a preliminary contract (which removes the property listing from the market) before you sign the actual contract of sale – Contrato de Compraventa. The buyer also pays a deposit, which is usually around 10 percent of the purchase price. When you sell a property, you, as the seller, must pay the estate agent’s fee. The size of the fee, and when it must be paid, is specified in the contract you sign with your estate agent.
Sign the bill of sale and receive the remainder of the purchase price.
On the possession date, you, the buyer and your respective representatives meet at the office of the notary. If you are unable to attend the meeting in person, your legal representative can represent you through a power of attorney. The notary checks the buyer’s identity, your identity and the legal status of the property. The buyer pays the remainder of the purchase price and receives a certificate of ownership. The notary ensures that you receive your money, and you hand over the keys to the buyer.
