Selling a House or an Appartment in Malaga, Spain
If you’re considering selling your property in Malaga, you’re about to capitalize on your investment and unlock new opportunities. Understanding the legal requirements, procedures, and costs involved in selling a property will ensure a smooth and successful transaction. We can help you through the journey of selling a house or an appartment in Malaga, Spain.
At Malaga RELOCATION SERVICES, you will find a specialized partner as you plan to sell your property in Malaga. We can advise you through this process, providing professional legal advice in all matters related to selling your house or your appartment.
On the list below, we have summarized the regular process you need to follow for selling your property in Spain. Also, we’ve added some clear explanations concerning our legal engagement.
1. FIND a RELIABLE AGENT who knows the MARKET
Begin by engaging the services of a reputable real estate agent specializing in the Malaga market. Our skilled agents, will provide valuable insights, assess the market value of your property, and guide you through the selling process.
Besides, we will help you determine an optimal asking price and market your property to potential buyers.
2. PROPERTY VALUATION
We will be closely collaborating with you, in order to conduct a comprehensive valuation of your property. This involves assessing market trends, analyzing recent sales data of similar properties in the area, and considering any unique features or improvements that add value.
Moreover, the valuation will help you set a realistic asking price for your property.
At Malaga RELOCATION SERVICES, we are specialized on both, legal and tax-related matters concerning the Real State market in Malaga, Spain.
3. GATHER DOCUMENTATION
First of all, collect all relevant documentation related to your property. This includes the deed of ownership (escritura pública de compraventa), property tax receipts, utility bills, and any permits or licenses obtained during your ownership.
Further, it’s essential to have these documents readily available for potential buyers and the subsequent sales process.
Our TEAM consists of qualified lawyers and tax advisors, specialized in all legal issues concerning properties in Malaga. We will provide you with a minute comprehensive evaluation on every stage through the selling journey.
4. MARKETING and PROMOTION
We will help you develop a comprehensive marketing strategy. This may include professional photography, virtual tours, online listings, and targeted advertising campaigns.
Also, we will be leveraging our network use local marketing channels to help you maximize exposure and attract potential buyers.
5. NEGOTIATIONS and OFFERS
Once potential buyers express interest, we will handle negotiations on your behalf. Also, our TEAM will be advising you on the terms and conditions, and guide you in making informed decisions.
Furthermore, be prepared to negotiate on price, closing dates, and any contingencies that may arise during the process.
6. SALES AGREEMENT
If you have accepted an offer, a sales agreement (contrato de compraventa) is drafted. This legally binding document outlines the terms and conditions of the sale, including the purchase price, payment terms, and any contingencies or conditions that must be met before completion.
Our lawyers will review the agreement to ensure its accuracy and protect your interests.
7. LEGAL ASSISTANCE and NOTARY
At this stage, you need to enngage a qualified lawyer specializing in real estate law to handle the legal aspects of the transaction. We will verify the buyer’s financial capacity, review the sales agreement, and facilitate the necessary documentation for the transfer of ownership.
Also, the final deed of sale (escritura pública de compraventa) is signed before a notary, certifying the transfer of ownership and registering it with the Land Registry.
8. SETTLEMENT and COSTS
As the seller, you will incur certain costs during the sales process. These may include real estate agent commission, capital gains tax (if applicable), notary fees, and any outstanding mortgage or loan repayments.
Also, it’s important to be aware of these costs and factor them into your financial planning.
If the seller requires it, we can also help out and advise on this.
9. HANDOVER and CLOSING
On the completion date specified in the sales agreement, the buyer will pay the agreed-upon amount, and the property will be officially transferred to their name.
Further, you need to coordinate with the buyer for the handover of keys and any necessary documentation. Ensure you cancel utility accounts and settle any outstanding bills related to the property.
Selling a house or apartment in Malaga offers the opportunity to capitalize on your investment. Specially, during the past years the real state market in Malaga has experienced an unprecedented spike.
Finally, be sure to get the right advise you before you engage in the selling of your property. We can provide you with all the legal and tax-related matters while selling your House or Appartment in Malaga, Spain.