The paperwork to sell your home: a maze no one explains

The essential paperwork for selling

Make sure you have these key documents ready:

> Property deed (original and copy)

> Occupancy certificate (required depending on the region)

> Latest property tax and community fee receipts (prove you are up to date)

> Utility bills (water, electricity, gas)

Energy performance certificate

It has been a mandatory document since 2013:

> It must be issued by a certified technician.

> It is valid for 10 years.

> It must be presented in listings and during the sale process.

Updated property registry report

It is the document that summarizes the property’s registry status:

> Includes current owners, charges, or liens.

> You can request it directly from the Land Registry.

> It ensures transparency in the transaction.

Home selling taxes

These taxes are important when selling:

> Municipal capital gains tax (Plusvalía Municipal): Taxes the increase in the value of the land.

> Income tax (IRPF): Applied to the profit obtained (with certain exemptions if it’s your main residence).

> Property Transfer Tax (ITP): Paid by the buyer, but knowing about it is key for negotiation.

Possible additional costs

> Notary and land registry fees.

> Possible early mortgage cancellation fees.

> Repair or renovation costs agreed upon with the buyer.

Special cases: mortgage or tenants

Selling with a mortgage or tenants requires special attention:

> Mortgage: You can either pay it off early or transfer it to the buyer, depending on your agreement.

> Tenants: You must respect their rights and clearly inform the buyer about their contractual situation.

In DinsMallorca we understand that these administrative steps can be complicated and stressful. That’s why we offer comprehensive guidance to ensure a smooth, fast, and secure sale. We’re here to help you!

WORKING WITH OUR HEART