Expenses for owners

Apr 12, 2022 |

Expenses for Owners when selling a property

Plan your sale to ensure financial peace of mind

When considering the sale of your property, you must consider the expenses involved. Below, we break down all the items that make up these "selling expenses":

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Community Charges : Amount to be paid to the community to ensure that community fees and any current assessments are current. The most common is the assessment associated with the condition of the property determined by the ITE (Technical Building Inspection).

Property Tax (IBI) : If you have to sell the property free of any charges, you must check with your local council to ensure that all property tax bills, not just those from the last year, are paid.

CH and CEE : To sell a home, you must have a Certificate of Occupancy (CH) and an Energy Efficiency Certificate (CEE). Both documents must be processed and have an associated cost.

Mortgage Cancellation: Amount payable to your bank for the early cancellation of the mortgage on your property.

Mortgage Cancellation Fees: Once the bank cancels the mortgage, this encumbrance must be "erased" from the Property Registry. This requires cancellation fees, which include notary fees, agency fees, and registry fees.

Property Manager Certificate: Document issued by the manager confirming that the property for sale is up to date with all its obligations (ordinary and extraordinary) with the community.

Real Estate Fees: Amount received by the Real Estate Agency for management, advice, and support during the sales process.

Municipal Capital Gains Tax: Tax payable to the City Council for the appreciation (if applicable) of the land on which the home is located. There are two calculation methods (objective and actual). It's important to perform the calculation to verify which is most beneficial for the property.

Tax Changes in Assets: It's important to estimate in advance what impact the sale of the property will have on our tax return so that we can reduce it within the law.

Other Expenses: In some cases, it may be advisable to do a "house cleanup," which may involve emptying the house and giving it a coat of paint. You should also consider the cost of the final move to your new home.

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At Albium – Properties in Barcelona, we have a tool available to our clients to calculate, in detail, all the expenses associated with the sale of your property, to determine the net amount to be obtained and, thereby, guarantee you financial peace of mind.

If you're thinking about selling or renting your property in Barcelona , Albium – Properties in Barcelona can help you with all the procedures. If you need an initial assessment of your property's value, you can access our online valuation tool.