This guide will show you the best way to sell a property in Mijas, find out what your property is worth in Mijas, the timeframe of selling your property, and the documents.
The process of selling a home can be an energizing yet stressful experience. With so much to contemplate and organize, you should find out how much your property is worth, how long it will take to sell and the documents you will need to start the process. This is why Star La Cala Properties have put together a guide to help you through the process of selling your home in Mijas. This guide will show you the best way to go about selling a property in Mijas, determining the worth of your property, the timeline for selling it and the documents you will need, as well as an estate agent to help you out.
What is the best way to go about selling a property in Mijas?
Spain is a popular destination for expats looking to buy a second home in the sun or an investment abroad. Investing in property in Mijas has proven to be a great return, which is why the housing market in the Costa del Sol is active. Having a professional guide you through the process is important since they can handle the legalities, translate for you and ensure that your buyers can complete the transaction. A reputable estate agent is the best way to ensure a smooth and problem-free sale.
What is my property worth in Mijas?
The housing market in Mijas is currently thriving and one-bedroom apartments usually cost around €140,000, two-bedroom apartments €190,000, townhouses €350,000, and villas starting from €800,000 to millions of Euros. Contact Star La Cala for an accurate quote.
How quickly can you sell your property on the Costa del Sol?
Properties are selling faster than they used to, though the paperwork and process can still take a few months. Once everything is sorted out, expect to sell within three to four months depending on the property and your asking price.
What do you have to pay when selling a house in Mijas?
- Plusvalia – Tax based on the incremental value of the land the property occupies over the years of ownership.
- Community Fees – Make sure your fees are up to date and present a Community Certificate to the buyer.
- IBI and Utilities – Make sure bills are paid up to the date of sale and present original proof of payment.
- Mortgage Cancellation Fees – Bank may have a 0.5-1% cancellation charge for the balance of the mortgage.
- Mortgage Cancellation and Registration Fees at the Notary – Seller will have to make sure the mortgage is cancelled.
- Non-Resident Retention 3 per cent – If the seller is a non-resident, the buyer will have to retain 3% of the sales price for the seller's Capital Gains Tax.
- Agents Commission – Fees to the agent if you used one.
- Legal fees – Legal office will prepare utility contracts, community charges and “Suma” invoices, speak with the purchaser’s representatives and the Notary, book Notary appointment and organise paperwork, calculate 3 per cent retention, calculate and advice re Capital Gains Tax and provide fiscal representation.
What documents do you need to sell a house in Mijas?
The documents you need to sell a house in Spain can vary. It is best to go through an experienced estate agent who can help you organise the correct and relevant paperwork and guide you through the process. Star La Cala Property Management is the best in the area. The main documents you need may include:
- Utility contracts, community charge and “Suma” invoices.
- Liaison throughout the transaction with representatives of the Buyer and Notary.
- The organisation of the Notary appointment and all paperwork related to the sale.
- Translation at the Notary.
- Calculation of 3 per cent retention.
- Calculation and advice regarding Capital Gains Tax.
- Fiscal representation throughout the whole process.
- Calculation of Goodwill and a letter of “Good Standing” with your community fees from the administration of your community.
About Star La Cala - Mijas Properties
We are a long-standing, family-run Estate Agent offering a wide range of properties for sale on the Costa del Sol. With three branches and over 17,000 properties to choose from, we have something to suit every budget and requirement. Our local knowledge and experience ensure that you have access to the best value properties in the market.
If you're tired of spending hours searching for properties online, we can help. Our property consultants can set up an automated Bespoke Property Search Service tailored to your needs. It's a free service that will save you time and effort.
If you're looking to sell your property on the Costa del Sol, we can assist you too. We actively promote our vendors' properties through our website, blog, newsletters, and email alerts. With over 650 external agent affiliates, we can reach a wide audience of potential buyers. Contact us today for a free valuation of your property.
Operating since 1991, we take pride in our reputation as a trusted and registered GIPE estate agent. Our commitment to providing the best service to our clients has led to the opening of three branches in prime locations. Whether you're buying or selling, we're here to help you every step of the way.
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