Selling a property in Spain can seem like a complicated process, but if you know the legal steps and have all the documentation in order, you will be able to speed up the sale and avoid complications. In this guide, we explain the most important aspects to bear in mind as a homeowner when selling your property.
1.Documents needed for the sale
It is essential to have all the documents ready. The most important ones are:
- Title deed: This document proves that you are the legal owner of the property and that you have the right to sell it.
- Energy certificate: This report is mandatory and classifies the energy efficiency of the property. Without it, you will not be able to formalise the sale.
- Last receipt of the IBI (Property Tax): This certifies that you are up to date with the municipal taxes.
- Certificate of zero debt from the community of owners: This document guarantees that there are no outstanding debts with the community.
Having all these papers in order generates confidence in buyers.
2. The Importance of the Sales Contract
The Sales Contract is one of the most crucial documents in the sale of a property. It formalises the agreement between the buyer and seller, detailing the terms of the transaction. It is essential that the contract includes:
- Personal details of the seller and buyer.
- Detailed description of the property.
- Sale price and method of payment.
- Date of delivery of the property.
A common mistake is to use standard contracts without adapting them to the specific situation. This can lead to legal problems in the future, so it is advisable to have A&G Lawyers review or draft the contract.
3.Steps to Speed Up the Sale
Selling your home can take time, but there are some actions you can take to speed up the process:
- Set a competitive price: Having a professional valuation will help you set a fair and attractive price for buyers.
- Make small improvements: Minor improvements such as painting the walls or repairing damage can increase the perceived value of the property.
- Advertise it properly: Make sure you advertise the property on the most appropriate real estate portals, with good photos and detailed descriptions.
4.Final Legal Formalities
The last step is the signing of the title deed in the presence of a notary, at which point the purchase is made official. At this stage, the buyer must make the payment and the change of ownership will be made at the Land Registry. Make sure that all the paperwork is in order to avoid unnecessary delays.
At A&G Lawyers, we are experts in real estate law and we can help you manage the entire sale process. From drafting the purchase contract to reviewing the legal documentation, our team makes sure that everything is in order so that you can sell your property without complications. Contact us today and sell your property with complete peace of mind!